Summary of the most interesting economic events from the trading week of 12 - 18 June 2023

The regular Monday recap is here! Last trading week was busy with central banks and inflation. Let's recap the highlights together to keep us in the loop for the current week!

EUR

On Wednesday, we focused our attention on the monetary policy meeting of the European Central Bank (ECB), which raised the key interest rate by 25 basis points to 4 %.

GBP

The UK unemployment rate surprised market estimates and fell from 3.9 % to 3.8 %.

USD

The attention of the entire market was focused on Wednesday's Fed meeting, which, as expected, left rates unchanged.

AUD

On Thursday morning we got data from the Australian labour market, which was on a positive note and surprised above market estimates.

What's in store for us in the current week?

In this trading week, we turn our attention to the events listed below:

Wednesday: 8:00 - UK inflation

             16:00 - Fed Chair Powell addresses the committee

Sources:

https://www.investing.com

https://www.forexlive.com

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