mask ECB Non-Monetary Policy Meeting in focus while Sterling Swings Positive Pre-Brexit

10/ 10/ 2018

ECB Non-Monetary Policy Meeting in focus while Sterling Swings Positive Pre-Brexit

Daily Update - 10th October 2018

Yesterday’s Market

  • EUR Trade Balance

Yesterday’s Explained

Trade balance from the Euro Zone came positive which given the Euro currency a relief after the downtrend past two days of this week. The figures showed a trade surplus and was a positive sign for the Euro.

 

Today’s Market

  • EUR Non-Monetary Policy's ECB Meeting
  • GBP Manufacturing Production & Gross Domestic Product

Today’s Focus

On Wednesday, mid-tier report from the Euro Zone will begin with the Non-Monetary Policy's ECB Meeting followed by Manufacturing Production is significant as a short term indicator of the strength of UK manufacturing activity that dominates a large part of total GDP.  GDP is the measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK