Central Bank members lead the calendar to start the week

At 10:00 GMT, MPC Member Broadbent will deliver the opening remarks at the Economics and Psychology conference hosted by the BOE, in London. GBP crosses can be moved by this event.

At 13:00 GMT, ECB President Mario Draghi will testify about the economy, monetary policy, and virtual currencies before the European Parliament Economic and Monetary Affairs Committee, in Brussels. EUR crosses can be moved by any reference to monetary policy.

At 13:10 GMT, FOMC Member Kashkari will speak at a scheduled event. USD crosses may experience volatility during this time.

At 15:00 GMT, ECB President Mario Draghi will to testify on the European Systemic Risk Board before the European Parliament Economic and Monetary Affairs Committee, in Brussels. EUR crosses can be moved by this event.

At 19:00 GMT, Consumer Credit Change (May) is expected to come in at $11.50B from a previous reading of $9.26B. This data shows that consumer credit has been falling in recent months and has come in under expectations for five months in a row. The expectation again is for an increase in the number today. Increases in this metric are a sign of consumer confidence as consumers take on more debt and lenders feel confident issuing loans. USD pairs can be moved by this data.

Major data releases for this week: On Tuesday at 08:30 GMT, UK Gross Domestic Product data will be released.

On Wednesday at 14:00 GMT, Bank of Canada Interest Rate Decision and Rate Statement data will be released. The Monetary Policy Report will follow at 15:00 with the Press Conference commencing at 15:15.

On Thursday at 06:00 GMT, German Harmonized Index of Consumer Prices data will be published. At 11:30 GMT, The ECB Monetary Policy Meeting Accounts will be released. At 12:30 GMT, US Consumer Price Index data will be made public.