PREVIOUS TRADING DAY EVENTS 24 Oct 2023
In the U.K. the unemployment rate held steady at 4.2, lower than the previous figure of 4.3. The BoE is monitoring the labour market closely as it considers whether it needs to resume raising interest rates. A large majority of economists think the BoE will hold its Bank Rate at 5.25 on Nov. 2.
The latest ONS data showed employment fell by 133K in the three months to July, compared with 207K in its previous estimate. The Claimant Count Change in the number of people claiming unemploymentrelated benefits during the previous month was reported way higher than expected.
Source httpswww.reuters.comworldukukunemploymentrateholds42ons20231024
Winners and Losers
The AUD gained strength against other currencies causing pairs to move to the top of the list for this week. AUDCAD leads with 1.26 gains so far.
The month finds Gold still on top of the winners list with 6.70 gains so far.
News Reports Monitor Previous Trading Day 24 Oct 2023
Server Time Timezone EEST UTC 0300
Midnight Night Session Asian
No major announcements, no significant scheduled figure releases.
MorningDay Session European and N. American Session
PMI releases for both the Manufacturing and the Services sector
Eurozone
The French economy starts the fourth quarter with contraction. Another solid reduction in business activity across the eurozones secondlargest economy in October. The Manufacturing PMI figure is the worst reported at 42.6…