The attached economic calendar covers Sunday, August 23 through Saturday, August 29, 2026, with the highest-impact events concentrated from Tuesday onward. For EUR/USD, the key risks are US Core PCE, US GDP, US durable goods, US jobless claims, Eurozone confidence indicators, German labour data, European inflation releases, ECB meeting accounts and Jackson Hole. For GBP/USD, the direct UK calendar is lighter, but sterling remains highly exposed to the US dollar side of the pair, UK housing data, CBI retail conditions and broader risk sentiment.

Why This Week Matters for EUR/USD and GBP/USD

EUR/USD and GBP/USD are both heavily influenced by interest-rate expectations. When traders reassess what the Federal Reserve, European Central Bank or Bank of England may do next, currency pairs can move quickly.

This week is especially important because the US calendar includes GDP growth, Core PCE, durable goods, personal income, personal spending, jobless claims, Michigan consumer sentiment, inflation expectations and Fed Chair Kevin Warsh’s Jackson Hole speech. The calendar also shows the Jackson Hole Symposium as a high-impact USD event running from August 27 to August 29.

That matters because EUR/USD and GBP/USD are not only euro and pound trades. They are also dollar trades. If the dollar strengthens after hawkish Fed commentary, both EUR/USD and GBP/USD can fall even if European or UK data is stable. If the dollar weakens because traders see softer growth or less need for tighter policy, both pairs can rally.

Reuters has reported that the Jackson Hole symposium is a key market test because investors are watching how Fed Chair Kevin Warsh communicates policy while markets remain focused on growth, inflation and interest-rate uncertainty.

Key Events for EUR/USD and GBP/USD Traders

Monday, August 24: A Quiet Start, But EUR/USD Sentiment Still Matters

Monday starts relatively quietly for EUR/USD and GBP/USD. The calendar lists several low-impact Eurozone releases, including export prices, producer prices and import prices at 06:00, followed by Myfxbook sentiment readings for EUR/USD and GBP/USD at 09:00. EUR/USD sentiment is listed at 34%, while GBP/USD sentiment is listed at 24%.

These sentiment readings are not major macro releases, but they can still help traders understand positioning. If retail sentiment is heavily one-sided, it can sometimes highlight areas where traders are vulnerable to sharp reversals. It should not be used alone, but it can support broader analysis.

The first meaningful US release is the Chicago Fed National Activity Index at 13:30, marked medium impact, with a previous reading of -0.02 and consensus of 0.1.

For EUR/USD and GBP/USD, Monday may be more about preparation than aggressive positioning. Traders will likely be looking ahead to Tuesday’s US housing and confidence data, Wednesday’s inflation and GDP cluster, and Thursday-Friday Jackson Hole risk.

Tuesday, August 25: German Ifo, US Housing, ADP and Consumer Confidence

Tuesday is the first busier session of the week.

For EUR/USD traders, the main European release is the German Ifo Business Climate at 09:00, marked high impact, with a previous reading of 86.6 and consensus of 87.2. The calendar also lists Ifo Expectations and Ifo Current Conditions.

Germany remains the largest economy in the Eurozone, so Ifo data can matter for the euro. A stronger reading may support EUR/USD if traders see signs of improving business confidence. A weaker reading may pressure the euro, especially if it reinforces concerns about weak European growth.

Later in the US session, the calendar becomes more important for both EUR/USD and GBP/USD. It lists:

• ADP Employment Change Weekly, high impact
• New Home Sales, high impact
• New Home Sales MoM, high impact
• CB Consumer Confidence, medium impact
• Fed Barkin speech, medium impact

The calendar shows US New Home Sales consensus at 0.62M, down from 0.628M, and New Home Sales MoM consensus at -1.3% after a previous 1.6%.

Housing data matters because it is highly sensitive to interest rates. If US housing holds up better than expected, traders may read it as evidence that the economy can tolerate tighter policy. That can support the dollar. If housing disappoints, it may weaken the dollar by suggesting higher borrowing costs are biting.

Example: How Similar Events Can Move EUR/USD and GBP/USD

When US data beats expectations, EUR/USD and GBP/USD often fall because the dollar strengthens. This is especially true when the data supports the view that the Fed may keep rates higher for longer.

A strong US housing and consumer confidence combination can therefore cap EUR/USD rallies and pressure GBP/USD, even if there is no major European or UK shock on the same day.

Wednesday, August 26: The Biggest Data Cluster Before Jackson Hole

Wednesday is one of the most important days of the week.

The calendar shows a heavy US release cluster at 13:30, including:

• Durable Goods Orders MoM, high impact
• Durable Goods Orders Ex Transport MoM, high impact
• Durable Goods Orders Ex Defense MoM, high impact
• Core PCE Price Index YoY, high impact
• Core PCE Price Index MoM, high impact
• Personal Income MoM, high impact
• Personal Spending MoM, high impact
• GDP Growth Rate QoQ, high impact

The calendar lists US GDP Growth Rate QoQ consensus at 1.5%, down from 2.1%, and Core PCE Price Index YoY consensus at 3.3%, unchanged from the previous reading. Core PCE MoM is expected at 0.2%, up from 0.1%.

This is a major setup for EUR/USD and GBP/USD because Core PCE is one of the Fed’s preferred inflation indicators. If Core PCE comes in hotter than expected, the dollar may strengthen because traders could price a more hawkish Fed stance. If Core PCE softens, the dollar may weaken if markets believe inflation pressure is easing.

The US GDP figure matters because it shows whether the economy is slowing or staying resilient. A weaker GDP reading can pressure the dollar if traders focus on growth risks. A stronger reading can support the dollar if it keeps rate-hike expectations alive.

The calendar also includes US MBA mortgage data, EIA crude inventories and another Fed Barkin speech later in the day. These are secondary for EUR/USD and GBP/USD compared with Core PCE and GDP, but they can still affect rates, yields and energy-driven inflation expectations.

Thursday, August 27: Jackson Hole Begins, ECB Accounts and US Jobless Claims

Thursday brings several important events.

The calendar shows Jackson Hole Symposium beginning as a high-impact USD event. It also lists the ECB Monetary Policy Meeting Accounts at 12:30, US Goods Trade Balance at 13:30, and a high-impact US jobless claims cluster at the same time.

The US labour-market data includes:

• Initial Jobless Claims: previous 206K, consensus 209K
• Continuing Jobless Claims: previous 1799, consensus 1811
• Jobless Claims 4-week Average: previous 204, consensus 203

Jobless claims matter because they give traders a weekly look at labour-market conditions. If claims rise sharply, the dollar may weaken because traders may think the Fed has less room to remain hawkish. If claims stay low, the dollar may find support because the labour market still looks resilient.

For EUR/USD, the ECB Monetary Policy Meeting Accounts are also important. These accounts provide more detail on the ECB’s internal policy debate. Traders will look for signs of disagreement over inflation, wage growth, weak growth, energy prices and future policy.

GBP/USD has little direct UK data on Thursday, but it can still move sharply if the dollar reacts to jobless claims or Jackson Hole positioning.

Friday, August 28: Inflation, German Labour Data, Michigan Sentiment and Warsh at Jackson Hole

Friday is the key day of the week.

The calendar shows multiple high-impact European and US events, including:

• Jackson Hole Symposium, high impact
• German Unemployment Rate, high impact
• German Unemployment Change, high impact
• Eurozone and national inflation releases
• Eurozone retail sales
• Michigan Consumer Sentiment, high impact
• Non-Farm Payrolls Annual Revision, high impact
• Fed Chair Warsh Speech, high impact

The calendar lists German unemployment at 6.4% consensus, unchanged from the previous reading, and unemployment change at 8K, up from 6K. It also shows US Michigan Consumer Sentiment expected at 51, down from 55.2.

Friday’s Fed Chair Warsh speech is the headline event. Markets will be looking for clues on policy communication, inflation credibility and the Fed’s reaction function.

Why Jackson Hole Can Move EUR/USD and GBP/USD

Jackson Hole speeches often matter because central bankers use the event to frame policy direction. A hawkish Fed Chair speech can push the dollar higher, pressuring EUR/USD and GBP/USD. A more cautious or growth-focused tone can weaken the dollar and support both pairs.

The lesson is clear: Jackson Hole does not need to include a formal rate decision to move FX markets. A shift in language can be enough.

GBP/USD Outlook: Light UK Calendar, Heavy Dollar Risk

Compared with EUR/USD, GBP/USD has fewer direct UK releases this week. The attached calendar includes CBI Distributive Trades on Wednesday and Nationwide Housing Prices on Friday, both medium-impact events.

CBI Distributive Trades gives a snapshot of retail-sector conditions. A stronger reading can support sterling if it suggests consumer demand is holding up. A weaker reading may weigh on GBP if it reinforces concerns about soft domestic demand.

Nationwide housing data matters because the UK housing market is sensitive to mortgage rates and consumer confidence. Stronger house-price data can suggest resilience, while weaker numbers may point to tighter financial conditions.

However, GBP/USD is likely to be driven more by the dollar this week than by UK data. If US Core PCE, GDP or Warsh’s Jackson Hole speech push US yields higher, GBP/USD could fall even without negative UK news. If the dollar weakens on softer US data or a less hawkish Fed tone, GBP/USD could rise.

EUR/USD Outlook: Euro Data Meets Fed Volatility

EUR/USD has a more balanced calendar. The euro side includes German Ifo, Eurozone confidence, retail sales, inflation, unemployment and ECB accounts. The dollar side includes Core PCE, GDP, jobless claims and Jackson Hole.

The broader backdrop is also important. The dollar has recently been sensitive to US Treasury market conditions, bond-market stress and expectations around Fed communication. That makes this week’s US data and Jackson Hole communication especially important for EUR/USD.

Additional Market-Moving Risks Beyond the Calendar

The attached calendar captures the scheduled events, but traders should also watch three wider risks.

1. Bond Market Stress and US Treasury Buybacks

US Treasury efforts to calm markets through long-dated debt buybacks have kept attention on yields, liquidity and confidence in US markets.

For EUR/USD and GBP/USD, this matters because rising US yields can support the dollar, but concerns about fiscal credibility can weaken it. That tension may make price action less clean than usual.

2. Iran War and Oil Price Risk

Global markets are also operating against a backdrop of geopolitical tension, including the Iran war and oil-price risk.

Higher oil prices can affect inflation expectations. For the euro and pound, energy shocks can be especially important because Europe and the UK are sensitive to imported energy costs. A renewed oil spike may support the dollar through safe-haven demand while also complicating inflation expectations for the ECB and BoE.

3. Fed Communication Style

A recurring theme in current market coverage is that investors are trying to understand how Warsh communicates policy. Less detailed Fed guidance may increase uncertainty.

This matters because uncertainty itself can create volatility. EUR/USD and GBP/USD may react not only to what Warsh says, but also to how clearly he says it.

How Nexus EA Can Help Traders Navigate This Week

Weeks like August 23–29, 2026 are difficult for manual traders because the market can change tone quickly. One session may be driven by US inflation. Another may react to Eurozone data. Then Jackson Hole can reset expectations again.

This is where a structured EA approach can help.

Nexus EA is designed for traders who want a rules-based way to trade EUR/USD and GBP/USD instead of chasing every news headline manually. During a week like this, that matters because:

• US Core PCE can create sharp USD moves.
• GDP and durable goods can create mixed signals.
• ECB accounts can affect EUR/USD rate expectations.
• Jobless claims can shift dollar sentiment.
• Jackson Hole can trigger large moves in both pairs.
• GBP/USD may move mainly because of USD repricing rather than UK data.

Nexus EA does not remove risk, and no EA can guarantee profit. The value is structure. A rules-based system can help reduce emotional trading, prevent overreaction after news releases, and keep execution tied to predefined conditions rather than fear or excitement.

This is especially useful in a week where volatility may arrive in bursts rather than in one clean trend.

Final Thoughts: A Dollar-Driven Week for EUR/USD and GBP/USD Traders

The week of August 23–29, 2026 is likely to be dominated by the US dollar.

For EUR/USD, the key question is whether Eurozone data and ECB accounts can support the euro while US data and Jackson Hole reshape Fed expectations. For GBP/USD, the UK calendar is lighter, which means sterling may be heavily influenced by the dollar side of the pair.

The biggest risk windows are Wednesday’s US Core PCE and GDP cluster, Thursday’s jobless claims and ECB accounts, and Friday’s Warsh speech at Jackson Hole.

The best traders will not try to predict every move. They will mark the major release windows, reduce emotional decision-making, avoid overleveraging, and wait for the market to confirm direction.