Summary of the most interesting economic events from the trading week of July 31 - August 6, 2023

Welcome to our regular Monday recap of the most important fundamentals we've been following over the past week.

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On Monday we received preliminary data on the euro area inflation rate, which came in in line with market estimates.


Thursday's Bank of England meeting saw a 25bp rise in the base rate, as expected, marking the 14th increase in a row.


On Friday, we focused our attention on data from the US labour market, which came out positive for the USD.


Along with the US labour market, we have also been watching data from Canada. In July, the Canadian economy lost 6.4 thousand jobs.


The Reserve Bank of Australia on Tuesday kept the interest rate in line with market estimates.

What's in store for the current trading week?

The current week will be much weaker in terms of fundamentals.

On Thursday, we will focus our attention on the current inflation rate in the US and data on new unemployment claims.


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