The GBP Week - Bias is Neutral-to-Bullish
Data and BoE speak unlikely to be the big movers. There are a clutch of second-tier releases before UK manufacturing PMI on Fri. That will probably garner most interest, forecast unchanged at 48.3.
BOJ Preview: Policy Review is Likely to Only Result in Lowered Growth/Inflation Forecasts
The Bank of Japan (BOJ) will deliver its policy decision and quarterly outlook report on Thursday 31st October. We are expecting the BOJ to stay on hold. The BOJ is however likely to lower its economic growth/inflation forecasts in the quarterly outlook report.
Euro Corp Comment: Issuance Levels Drop, Average NIC Turns Negative
The pace of EUR IG supply more than halved last week as a host of earnings updates, an ECB meeting and ongoing political/global growth worries all combined to keep a lid on activity. Whilst supply levels may have dropped, the week's deals showed that investors have plenty of cash to put to work.
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