GDP-
Some days, there simply ain't no fish and today is one of those days. The only real release on the calendar is the US PCE data for September, PCE being producer cost expenditure. This figure is likely to be higher, just as the CPI was for September, as tariffs continue to bite.
The Pound is still struggling against the Dollar, but is recovering against the Euro, which is possibly something to do with the chart showing estimates of the BoE's interest rate after next Thursday's meeting. I remain unconvinced that we'll see a cut, after inflation just held at 3.8% over the past two months, still much too high.
Time will tell however and Barclays certainly think that with unemployment high and rising, growth low and inflation now paused, there's a better chance than not of a cut.
Markets Today
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Major Economic Releases (All times in GMT)
12:30- US PCE Data