The last trading week for November is ahead of us.
Main points of interest start with Eurogroup Brexit Summit, ECB’s president Draghi and also BOE Governor Carney speeches on Monday.Tuesday economic data is very light, US Housing Price Index is main point of interest. Preliminary figures for US Gross Domestic Product (GDP), Personal Consumption Expenditures and also Fed’s Powell speech are due on Wednesday. FOMC minutes are due on Thursday. No change was made in policy, so the minutes are going to be the key for the USD traders this week. Japanese unemployment rate and Consumer Price Index (CPI) are due on Thursday and could trigger some volatility in JPY currency crocces. The week will finish with European Unemployment Rate which is expected to fall to 8.0% from previously published 8.1%. Eurozone inflation is also due with the release of Consumer Price Index which is forecasted to come in at 2.1% from previously published 2.2%. This data could increase volatility in European equities and EUR currency crosses.
From the UK point of view, any Brexit related announcement or challenges to PM May’s leadership could impact volatility in UK equities and also GBP currency crosses.