Posted at 12 November 2026 / Categories Market Roundups
Market Roundup
• UK GDP (YoY) (Q3): 1.9%, 1.9% forecast, 1.4% previous
• UK GDP (MoM) (Sep): 0.2%, 0.0% forecast, 0.0% previous
• UK GDP (QoQ) (Q3): 0.7%, 0.7% forecast, 0.5% previous
• UK Manufacturing Production (MoM) (Sep): 0.7%, -0.5% forecast, 0.7% previous
• UK Industrial Production (MoM) (Sep): 0.3%, -0.4% forecast, 0.7% previous
• UK Business Investment (QoQ) (Q3): 0.4%, 0.4% forecast, 1.8% previous
• UK Monthly GDP 3M/3M Change (Sep): 0.7%, 0.7% forecast, 0.6% previous
• UK Trade Balance Non-EU (Sep): -8.99B, -6.82B previous
• UK Trade Balance (Sep): -22.29B, -19.20B forecast, -19.61B previous
• UK Industrial Production (YoY) (Sep): 3.1%, 2.9% forecast, 1.1% previous
• UK Manufacturing Production (YoY) (Sep): 4.4%, 3.8% forecast, 2.5% previous
• UK Business Investment (YoY) (Q3): 3.0%, 5.2% previous
• UK Construction Output (MoM) (Sep): 0.8%, 0.0% forecast, -0.5% previous
• UK Construction Output (YoY) (Sep): -1.5%, -2.1% forecast, -1.9% previous
• UK GDP (YoY) (Sep): 2.1%, 1.9% forecast, 2.0% previous
• UK Index of Services: 0.9%, 0.9% forecast, 0.9% previous
•Italy 3-Year BTP Auction: 3.58%, 3.69% previous
•Italy 7-Year BTP Auction: 4.04%, 3.90% previous
•UK NIESR Monthly GDP Tracker (Oct): 0.6%, 0.7% previous
•US Initial Jobless Claims: 200K, 194K forecast, 191K previous
•US Continuing Jobless Claims: 1,697K, 1,710K forecast, 1,717K previous
•US Jobless Claims 4-Week Avg.: 195.25K, 195.25K previous
•Canada Building Permits (MoM) (Sep): -4.1%, -4.0% forecast, 7.6% previous
•US Existing Home Sales (Oct): 3.75M, 3.89M forecast, 3.97M previous
•US Existing Home Sales (MoM) (Oct): -5.5%, -3.5% forecast, 1.0% previous
Looking Ahead Economic Data (GMT)
• 16:30 US 4-Week Bill Auction: 3.890% previous
• 16:30 US 8-Week Bill Auction: 3.975% previous
•17:00 US Crude Oil Inventories: -0.600M forecast, -0.865M previous
•17:00 US Cushing Crude Oil Inventories: 0.280M previous
•17:00 US Gasoline Production: 0.463M previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : ? ? The euro weakened against the US dollar on Thursday as the greenback gained support from growing expectations of further Federal Reserve monetary tightening. Stronger-than-expected October US inflation data and a series of hawkish comments from Fed officials reinforced bets on additional rateincreases, with policymakers expressing concerns about persistent inflation and leaving the door open to a possible 50-basis-point hike.Investors are now closely monitoring comments from New York Fed President John Williams, who is scheduled to participate in a panel discussion later on Thursday. His remarks will be scrutinised for clues about the Fed's monetary policy outlook, particularly given his earlier views ahead of the October FOMC meeting on the pace of future rate adjustments. Immediate resistance can be seen at 1.1168(38.2%fib), an upside break can trigger rise towards 1.1868(SMA 20).On the downside, immediate support is seen at 1.1075(23.6%fib), a break below could take the pair towards 1.1052(Lower BB).
GBP/USD: The pound remained largely unchanged against the US dollar on Thursday after UK economic growth figures came in line with market expectations. Britain's economy expanded by 0.7% quarter-on-quarter in the third quarter of 2026, accelerating from 0.5% growth in the previous quarter and recording its strongest quarterly expansion since Q1 2024, according to the Office for National Statistics.The stronger performance was supported partly by increased activity linked to artificial intelligence and extended the economy's solid momentum from the first half of the year. Although GDP growth matched the Reuters consensus forecast of 0.7%, the acceleration from the previous quarter highlighted improving economic momentum.Despite the stronger growth figures, sterling struggled to gain significant ground against the dollar, as the data largely met expectations and broader US dollar strength continued to influence currency markets. Immediate resistance can be seen at 1.3355(38.2%fib), an upside break can trigger rise towards 1.3371(SMA 20).On the downside, immediate support is seen at 1.3245(38.2%fib), a break below could take the pair towards 1.3202(Lower BB).
AUD/USD: The Australian dollar weakened on Thursday as the US dollar continued to gain ground amid growing expectations of further Federal Reserve monetary tightening. Persistent US inflation pressures have prompted Fed officials to consider additional interest rate increases, boosting demand for the greenback and weighing on risk-sensitive currencies such as the Australian dollar.Meanwhile, Reserve Bank of Australia (RBA) board member Marnie Baker cancelled her scheduled public appearance on Thursday due to unforeseen family circumstances. The cancellation comes as markets increasingly expect the central bank to maintain its current monetary policy stance for an extended period.Investors are now pricing in a prolonged pause in RBA rate adjustments, with the cash rate widely expected to remain unchanged until at least the central bank's June 22, 2027 monetary policy meeting. Immediate resistance can be seen at 0.6860(Daily high), an upside break can trigger rise towards 0.6914(38.2%fib).On the downside, immediate support is seen at 0.6826(23.6% fib), a break below could take the pair towards 0.6798(Lower BB)
USD /JPY : The US dollar steadied against the Japanese yen on Thursday as dovish remarks from a Bank of Japan policymaker undermined expectations of an imminent monetary policy tightening. BOJ board member Toichiro Asada, who opposed September's decision to raise interest rates to 1.25%, warned that raising borrowing costs too soon could undermine economic growth and weaken underlying inflation. His comments reinforced expectations that the central bank would maintain a cautious approach to further rate increases. Immediate resistance can be seen at 158.72(38.2%fib), an upside break can trigger rise towards 159.64(Higher BB).On the downside, immediate support is seen at 157.86(50% fib) a break below could take the pair towards 156.66(61.8% fib).
Equities Recap
Europe's STOXX 600 hit a record high on Thursday, supported by strong corporate earnings, easing geopolitical tensions and a shift in investor demand away from AI-linked stocks in the US and Asia.
UK's benchmark FTSE 100 was last trading up at 0.29 percent, Germany's Dax was up by 0.72 percent, France’s CAC was last up by 0.41percent.
Commodities Recap
Gold prices fell for a third consecutive session to a more than one-week low on Thursday as a stronger US dollar, hawkish Fed signals and expectations of further interest rate hikes weighed on bullion.
Spot gold was 1% to $3,948.82 per ounce by 1114 GMT, having touched its lowest level since ?November 4 earlier in the session. US gold futures for December delivery fell ?1.1% to $3,954.50 per ounce.
Oil prices rose around 1% on Wednesday as Iran's refusal to allow enriched nuclear material to leave the country heightened supply concerns, lifting crude from two-month lows.
Brent futures settled $1.27, or 1.39%, higher at $92.76, while US West Texas Intermediate crude gained 49 cents, or 0.57%, to $86.53.