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Important Economic News are Coming up
Today’s highlights by FXGiants.
Besides the two major Scandinavian Central Bank policy decisions, we have important data points from the UK and the US.
In the UK, we have the 1st estimate of Q3 GDP coming out.
This will be the first set of growth data concerning the post-Brexit era.
The forecast is for growth to have slowed to +0.3% qoq from +0.7% qoq in Q2.
The forecast is supported by the NIESR monthly estimate of GDP, which suggests that output grew by 0.4% qoq in Q3.
From the US, we get durable goods orders for September. The headline rate is expected to have remained unchanged, while the core print (ex. transportation) is forecast to have rebounded.
Robust durable goods would be another set of data entering the basket of indicators that support the case for the Fed to push the hike button in December.
Initial jobless claims for the week ended on the 21st of October and pending home sales for September.
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