Today, investos will be following news for the UK, the eurozone and the US.
At 11:30 am (all times stated in GMT+2) Retail Sales statistics for October are due in the UK. According to the forecast, Retail Sales will decline from 6.2% to 4.2% in annual terms. In monthly terms, the indicator will be down by 0.5% that will affect the GBP. ECB Monetary Policy Meeting Accounts, due at 2:30 pm, may shed light on the future EU monetary policy.
In the afternoon, attention needs to be paid to news for the USA. Initial Jobless Claims statistics for November are due at 3:30 pm. The indicator is expected to decline from 276K to 271K. The conference Board releases the Leading Indicator for October at 5:00 pm. Analysts forecast a growth from 0.2% to 0.5%. Philadelphia Fed Manufacturing Survey is released at 5:00 pm as well. Though the indicator still keeps its general negative dynamics, a growth from -4.5 to -1.0 points is expected. If the forecasts are confirmed, the USD may get support in the short term.Publication source