The Day Ahead:
For the EUR
It’s a relatively busy day ahead on the economic calendar.
Key stats include German factory orders and construction data, along with Eurozone retail sales figures.
Expect German factory orders and Eurozone retail sales figures to be the key driver.
Away from the economic calendar, updates on Brexit, COVID-19, and the U.S Presidential Election will remain key drivers.
At the time of writing, the EUR was down by 0.03% to $1.1722.
For the Pound
It’s also a relatively quiet day ahead on the economic calendar. October’s construction PMI is due out later today. We don’t expect any influence from the numbers.
The main event of the day is the Bank of England’s monetary policy decision.
Brexit talks and updates from the U.S on the 46th Presidential Election will also be key drivers on the day.
The markets are expecting updates on Brexit talks as Trump calls for recounts and judicial decisions to try to swing the balance in his favor.
At the time of writing, the Pound was down by 0.26% to $1.2954.
Across the Pond
It’s a relatively quiet day ahead for the U.S Dollar. Key stats include the weekly jobless claims and nonfarm productivity and unit labor cost figures for the 3rd quarter.
The focus will remain on the weekly jobless claims figures. Ultimately, however, updates from the U.S on the Presidential Election will remain the key driver.
At the time of writing, the Dollar Spot Index was up by 0.08% to 93.478.
For the Loonie
It’s another quiet day on the economic data front, with no material stats to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices.
At the time of writing, the Loonie was down by 0.22% to C$1.3165 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.