Pound (GBP)
The UK’s latest GDP figures are set to take centre stage for pound (GBP) investors this week. Forecasts suggest economic growth accelerated in the third quarter, which could provide Sterling with a lift towards the end of the week.
Euro (EUR)
With little significant Eurozone economic data due for release, attention among euro (EUR) investors may once again turn to France’s ongoing fiscal difficulties. Renewed concerns over the country’s debt position could restrict the single currency’s potential to advance.
US dollar (USD)
The latest US consumer price index will be a key release for the US dollar (USD) this week. Should inflation continue to climb, expectations of further Federal Reserve interest rate hikes may strengthen, potentially providing fresh support for the ‘greenback’.
Australian dollar (AUD)
Australia’s latest consumer confidence figures could weigh on the Australian dollar (AUD) during the first half of the week, with sentiment forecast to have deteriorated for a third month in a row in November.
South African rand (ZAR)
The South African rand (ZAR) may find support this week if the country’s latest unemployment figures show that the jobless rate declined during the third quarter.
Canadian dollar (CAD)
With the domestic economic calendar relatively quiet, the commodity-sensitive Canadian dollar (CAD) is likely to remain at the mercy of movements in oil prices this week. Further declines in global crude prices could therefore place additional pressure on the currency.
New Zealand dollar (NZD)
New Zealand’s general election results are likely to provide the main impetus for the New Zealand dollar (NZD) at the start of the week. Indications that the incumbent coalition has secured a narrow parliamentary majority could help ease political uncertainty and underpin the ‘kiwi’.
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