Bank of England MPC meeting today

Manufacturing output in the UK rebounded in September but still fell in the third quarter as a whole. The National Institute for economic research unofficially estimate that GDP growth eased to 0.5% q-o-q in Q3 from 0.7% in Q2

The Bank of England’s MPC meets today and is set to again keep interest rates unchanged at 0.5%. It may adopt a somewhat more cautious tone regarding the possibility of a future increase in rates given the recent easing in in the pace of growth

The minutes of the Fed’s September meeting are also released today. There was huge focus on that meeting which ultimately saw the Fed keep interest rates on hold at near 0%, though it seems the decision to do so was a close call

The euro continues to nudge higher against the dollar to trade at around $1.13 this morning, but is little changed against sterling at under 74p

The more positive tone to equity markets continued yesterday with modest gains for European and US stocks.  Asian markets were mixed overnight

Quiet again today on the data front with US jobless claims the main release