OUR SUMMARY
With a relatively quiet week ahead, the release of PMI data from the UK, EU, and US, alongside the Fed‘s Beige Book, will be the primary economic highlights.
In the UK, Governor Bailey is scheduled for four speeches, which could shift the GBP outlook. After last week’s unexpectedly low inflation, any further dovish comments could prompt markets to price in a more cautious approach from the BoE, potentially pressuring GBP.
Meanwhile, Thursday’s EU PMI figures are expected to play a key role in determining EUR direction, especially following Lagarde‘s recent remarks that tied future ECB rate decisions to the PMI data.
On the geopolitical front, focus will be on the IMF meetings in Washington, escalating tensions in the Middle East, and the growing attention surrounding the upcoming US elections, all of which could shape broader market dynamics.
