With much of the biggest US event risk for the month out of the way, the coming week will present an opportunity to focus on the euro and British pound. Indeed, the Q3 GDP report for the Euro-zone may show that the region started to emerge from recession, while the Bank of England’s Quarterly Inflation Report will provide clues of the central bank’s stance on monetary policy. Not to be forgotten, the German ZEW survey, Australian employment change, and University of Michigan consumer confidence reports could all have an impact on FX trade.

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Euro, British Pound Strength May Be Tested by Q3 GDP, BOE Inflation Report