Key Markets Events July 7: BoE, Trade Data and Canada PMI in FocCanadian Dollar/US DollarSAXO:CADUSDProfessorSingapore📅 Tuesday, July 7: BoE, Trade Data and Canada PMI in Focus Today’s calendar is mainly focused on GBP, CAD and USD. The European session starts with German Industrial Production and UK housing data. These releases can affect EUR and GBP, especially if the numbers show stronger or weaker economic momentum than expected. The key UK block comes from the Bank of England: meeting minutes, the financial stability report and Governor Bailey’s speech. Markets will watch for signals on inflation, interest rates and financial conditions. Hawkish comments could support GBP and UK yields, while a softer tone may pressure the pound. During the US session, attention shifts to trade balance data from the US and Canada, plus ADP weekly employment. These releases may influence USD, CAD, Treasury yields and risk sentiment. The main event of the day is Canada Ivey PMI at 14:00 UTC. A stronger reading could support CAD, while weaker data may increase pressure on the currency. Later, API crude oil inventories at 20:30 UTC may move oil prices, CAD, energy stocks and inflation expectations.