- UK Public Sector Net Borrowing 3.3Bn (4.6Bn Exp)
- Eurozone Current Account 23.9Bn (21.4Bn Exp)
- The Canadian Dollar was one of the worst performing currencies Friday afternoon following much weaker than expected economic data. Inflation plummeted to -0.4% during September, down on an expected rise of +0.1%; that meant annual inflation stood at 2.2%, down from 2.8% in August. Retail Sales reported a -0.1% fall against an expected rise of +0.3% in August with falling sales in gasoline a key reason for the decline.
- The Canadian Dollar weakened aggressively in FX space following the data. Even the weak Pound got in on the act with GBP/CAD rallying from below 1.7000 to closing the day up at 1.7140.
- US Existing Home Sales 5.15M (5.29M Exp)
- Speaking Friday afternoon Bank of England Gov Mark Carney said the central bank were preparing the UK’s financial system for the consequences of a disorderly ‘cliff-edge’ Brexit, adding the weren’t simply hoping for the best, but instead preparing for the worst.
- Japan All Industries Activity m/m 0.5% (0.4% Exp)
- According to the Independent, UK PM Theresa May is set to tell the commons later today that 95% of the Brexit Deal is settled and that the ‘shape of the deal across the vast majority’ of the withdrawal agreement is now clear.
- Speaking on the Andrew Marr show yesterday, UK Brexit Sec Dominic Raab has suggested the UK could be prepared to extend the post-Brexit transition period if it meant the EU would drop its proposals on the Irish border backstop.
- US President Trump has said he as no intention of easing the trade tariffs imposed on China and that he doesn’t expect much from a potential meeting with President Xi at the G20 meeting next month.
- Next to no data set for release today.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|11.00||EUR||German Buba Monthly Report|
|13.30||CAD||Wholesale Sales m/m||0.1%||1.5%|