No forecasts are out yet, but a sixth consecutive drop could dent EUR. November's ZEW economic sentiment index for Germany could influence the Euro. If markets are disappointed, GBP could slip.
Traders expect the BoE to hike rates at its meeting this week but many economists disagree. Meanwhile, the US dollar edged higher, despite a mixed market mood, surging at the end of the month due to a market correction ahead of the Federal Reserve interest rate decision this week. However, expectations that the European Central Bank (ECB) may tighten policy sooner than expected saw the euro spike.
The euro was fairly muted as German data continued to disappoint investors. The pound fluctuated as mixed data indicated the UK's uneven economic recovery, while BoE rate hike bets prevented significant losses. GBP/USD dropped from $1.37 to $1.36, after briefly touching $1.38, and EUR/USD ranged from $1.15 to just shy of $1.17, losing ground overall. GBP/EUR wavered between €1.19 and €1.18, trending sideways overall, while EUR/GBP traded between £0.84 and £0.85. GBP exchange rates fluctuated through the second half of October amid mixed economic data, Brexit tensions, and expectations of an imminent Bank of England (BoE) rate hike. Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks.
6, 2005 Extension of the Projection Period in the Outlook for Economic Activity and Prices Oct. 13, 2000 Release of Outlook and Risk Assessment of the Economy and Prices Notices of Corrections Oct. 21, 2014 Correction to a Reference Chart in the "Outlook for Economic Activity and Prices" (April 2014) Nov.- Currencies Direct Currency outlook: Cautious trade infuses volatility into the currency market Notices of Changes and Corrections Notices of Changes July 21, 2017 Change in the layout of the Outlook for Economic Activity and Prices Apr. The highlights of previous reports (from January 2023 onward) are provided on the following page: Boxes in the Outlook for Economic Activity and Prices (Outlook Report).A list of boxes published in previous reports (from 2016 onward) is provided on the following page: The boxes in the Outlook Report present analyses of important topical issues.
Table : Outlook for Economic Activity and Prices2 Date Table : Outlook for Economic Activity and Prices1 3: The Outlook Report was formerly "Outlook and Risk Assessment of the Economy and Prices."
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