Key Economic Events: Week Of 20th July 2026
Release Date: 20th July 2026
20 July 2026
JP - Holiday - Marine Day
Date:
20-Jul-26, Mon, All Day
Currency:
JPY
Importance:
1
Forecast:
-
Previous:
-
Notes:
Marine Day is a Japanese public holiday. Domestic market participation may be lighter, which can reduce local liquidity and leave JPY more sensitive to moves in global yields and risk sentiment.
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Wikipedia
21 July 2026
UK - Average Earnings Index +Bonus (May)
Date:
21-Jul-26, Tue, 11:30 IST
Currency:
GBP
Importance:
2
Forecast:
Link
Previous:
4.40%
Notes:
UK earnings growth is a key guide to domestic inflation pressure and Bank of England policy. A stronger reading can support GBP through firmer rate expectations, while softer pay growth would strengthen the case for easing.
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GBPJPY GBPUSD
22 July 2026
UK - CPI (YoY) (Jun)
Date:
22-Jul-26, Wed, 11:30 IST
Currency:
GBP
Importance:
3
Forecast:
Link
Previous:
2.80%
Notes:
UK annual CPI is the main inflation signal for Bank of England expectations. A sticky or higher reading can lift GBP and gilt yields, while softer inflation would make policy easing easier to price.
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GBPJPY GBPUSD
UK - CPI (MoM) (Jun)
Date:
22-Jul-26, Wed, 11:30 IST
Currency:
GBP
Importance:
2
Forecast:
Link
Previous:
0.20%
Notes:
UK monthly CPI shows the latest pace of price changes. An upside surprise can support GBP by reinforcing near-term inflation concerns, while a weak print would point to easing price pressure.
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GBPJPY GBPUSD
US - Crude Oil Inventories
Date:
22-Jul-26, Wed, 20:00 IST
Currency:
USD
Importance:
2
Forecast:
Link
Previous:
-1.692M
Notes:
U.S. crude inventories provide a timely read on the oil supply-demand balance. A larger draw can support oil prices and energy-linked inflation expectations, while a build may weigh on crude and related risk sentiment.
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USDJPY EURUSD
23 July 2026
EU - ECB Interest Rate Decision (Jul)
Date:
23-Jul-26, Thu, 17:45 IST
Currency:
EUR
Importance:
3
Forecast:
2.40%
Previous:
2.40%
Notes:
The ECB rate decision will shape the near-term EUR policy outlook. A hawkish hold or less-dovish guidance can support EUR, while a cut or stronger easing signal would pressure euro-area yields and the currency.
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EURJPY EURUSD
EU - Deposit Facility Rate (Jul)
Date:
23-Jul-26, Thu, 17:45 IST
Currency:
EUR
Importance:
3
Forecast:
2.25%
Previous:
2.25%
Notes:
The ECB deposit facility rate anchors short-term euro money-market conditions. Any surprise relative to expectations can move EUR quickly, while unchanged settings shift attention to the policy statement and guidance.
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EURJPY EURUSD
US - Initial Jobless Claims
Date:
23-Jul-26, Thu, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
208K
Notes:
Initial Jobless Claims are a high-frequency measure of U.S. labour-market conditions. Lower claims can support USD through resilient growth expectations, while a material rise may pull yields and the dollar lower.
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USDJPY EURUSD
EU - ECB Press Conference
Date:
23-Jul-26, Thu, 18:15 IST
Currency:
EUR
Importance:
3
Forecast:
Link
Previous:
-
Notes:
The ECB press conference provides context on inflation, growth and the future rate path. Changes in President Lagarde's tone can create significant EUR volatility even when the policy rates are unchanged.
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EURJPY EURUSD
24 July 2026
UK - Core Retail Sales (YoY) (Jun)
Date:
24-Jul-26, Fri, 11:30 IST
Currency:
GBP
Importance:
2
Forecast:
Link
Previous:
4.60%
Notes:
UK core retail sales year-on-year indicate the underlying trend in consumer demand excluding fuel. Stronger spending can support GBP through better growth expectations, while weakness would highlight household caution.
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GBPJPY GBPUSD
UK - Core Retail Sales (MoM) (Jun)
Date:
24-Jul-26, Fri, 11:30 IST
Currency:
GBP
Importance:
2
Forecast:
Link
Previous:
1.20%
Notes:
UK monthly core retail sales provide a cleaner near-term read on consumer demand excluding fuel. An upside surprise can support GBP, while a decline would raise concern about domestic momentum.
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GBPJPY GBPUSD
UK - Retail Sales (MoM) (Jun)
Date:
24-Jul-26, Fri, 11:30 IST
Currency:
GBP
Importance:
2
Forecast:
Link
Previous:
1.20%
Notes:
UK retail sales measure monthly household spending on goods. Stronger sales can lift GBP by improving the growth outlook, while a miss may reinforce expectations for easier Bank of England policy.
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GBPJPY GBPUSD
UK - S&P Global Services PMI (Jul) - UK
Date:
24-Jul-26, Fri, 14:00 IST
Currency:
GBP
Importance:
3
Forecast:
Link
Previous:
48.8
Notes:
The UK services PMI is a timely gauge of the economy's largest sector. A move above 50 would signal expansion and can support GBP, while continued contraction would weigh on the growth outlook.
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GBPJPY GBPUSD
UK - S&P Global Composite PMI (Jul) - UK
Date:
24-Jul-26, Fri, 14:00 IST
Currency:
GBP
Importance:
3
Forecast:
Link
Previous:
49.3
Notes:
The UK composite PMI combines services and manufacturing activity. A reading above 50 signals broad expansion and can support GBP, while a weaker result would point to softer private-sector momentum.
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GBPJPY GBPUSD
UK - S&P Global Manufacturing PMI (Jul) - UK
Date:
24-Jul-26, Fri, 14:00 IST
Currency:
GBP
Importance:
3
Forecast:
Link
Previous:
52.5
Notes:
The UK manufacturing PMI tracks factory-sector activity. Continued expansion can support GBP at the margin, while a sharp slowdown would weaken confidence in the broader growth picture.
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GBPJPY GBPUSD
US - S&P Global Manufacturing PMI (Jul)
Date:
24-Jul-26, Fri, 19:15 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
53.9
Notes:
The U.S. manufacturing PMI offers an early read on factory activity, orders and prices. A stronger release can support USD and yields, while a downside surprise would point to slowing industrial momentum.
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USDJPY EURUSD
US - S&P Global Services PMI (Jul)
Date:
24-Jul-26, Fri, 19:15 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
51.2
Notes:
The U.S. services PMI is a timely signal for the dominant part of the economy. Firmer activity can support USD through resilient growth expectations, while weakness may revive policy-easing bets.
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USDJPY EURUSD
US - New Home Sales (Jun)
Date:
24-Jul-26, Fri, 19:30 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
580K
Notes:
New Home Sales measure demand in the interest-rate-sensitive U.S. housing market. Stronger sales can support USD through improved growth sentiment, while weakness would indicate pressure from financing costs.
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USDJPY EURUSD
29 July 2026
USD - Fed Interest Rate Decision
Date:
29-Jul-26, Wed, 23:30 IST
Currency:
USD
Importance:
3
Forecast:
CME FedWatch Tool
Previous:
3.63%
Notes:
The Federal Reserve Interest Rate Decision remains the key medium-term USD catalyst. The 29 July 2026 meeting will reset expectations for policy guidance, the rate path and near-term risk sentiment. This appears as the next Fed decision in this calendar sequence.
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USDJPY EURUSD