OUR SUMMARY
Today promises to be action-packed with key data releases, including Q3 GDP figures from the US and Europe, German CPI numbers, and ADP payroll data from the US. While Europe’s growth expectations have been bleak, a surprise on the upside could push the EUR higher. In contrast, the USD has enjoyed gains amid positive sentiment on the US economy. However, if today’s figures underperform, we might see profit-taking ahead of Friday’s jobs report.
Later, the Autumn Budget will be unveiled, and while market expectations are cautious, pro-growth policies could boost GBP. However, lackluster measures might lead to downside risks.
