Monthly archive October, 2022

The monetary policy announcement from the European Central Bank is the major event due on Thursday. The central bank is widely expected to hike its benchmark rate by 75 basis points to combat rising inflation. The ECB is also likely Read More →

Citing elevated inflation, the Bank of Canada on Wednesday announced its sixth consecutive interest rate increase of the year. The Bank of Canada raised its target for the overnight rate by 50 basis points to 3.75 percent, although economists had Read More →

The U.S. dollar drifted lower on Tuesday amid hopes the Federal Reserve might slow down the pace of interest rate hikes as data showed a contraction in US business activity in the month of October.Original Article Read More →

After seeing some strength overnight, the value of the U.S. dollar has shown a lack of direction over the course of trading on Monday. The U.S. dollar index has pulled back off its early morning high of 112.53 and is Read More →

The UK's private sector economy contracted notably in October, largely led by the deterioration in the services sector, flash survey data from S&P Global showed Monday. The Chartered Institute of Procurement & Supply Composite purchasing managers' index, or PMI, which Read More →

Public sector finances and retail sales from the UK are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector borrowing and retail sales data. Read More →