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Learn MoreErrante’s Week Ahead: July 20-24, 2026
Date Added: 20/07/26
Highlights of the week
- The ECB decision and press conference will determine whether EUR retains policy support.
- UK CPI will test the pound’s resilience as headline inflation cools but services remain sticky.
- US PMIs and housing data will show whether growth remains firm enough to support the dollar.
What Now
The ECB decision is the week’s main FX event. A hawkish hold would support EUR, while growth concerns could limit gains. UK CPI will guide GBP after headline inflation eased to 2.8 percent but services inflation stayed firm. In the US, stronger PMIs would support yields and USD, while weaker services and housing data would favor bonds, gold and a softer dollar.
Market Events and Announcements (GMT+3)
Monday, July 20, 2026
- All Day – Japan (JPY) – Marine Day holiday
Tuesday, July 21, 2026
- No major events scheduled.
Wednesday, July 22, 2026
- 09:00 – United Kingdom (GBP) – CPI YoY for June, previous 2.80 percent
Thursday, July 23, 2026
- 15:15 – Eurozone (EUR) – ECB Interest Rate Decision for July, previous 2.40 percent
- 15:15 – Eurozone (EUR) – Deposit Facility Rate for July, previous 2.25 percent
- 15:30 – United States (USD) – Initial Jobless Claims
- 15:45 – Eurozone (EUR) – ECB Press Conference
Friday, July 24, 2026
- 16:45 – United States (USD) – S&P Global Manufacturing PMI Flash for July, previous 53.9
- 16:45 – United States (USD) – S&P Global Services PMI Flash for July, previous 51.2
- 17:00 – United States (USD) – New Home Sales for June, previous 580K
