Summary:
- Several central bankers to take the floor during the day
- Polish industrial data for September
- ECB’s current account for August
9:00 am BST - ECB’s current account for August
9:00 am BST - Poland’s industrial output and PPI for September: A set of macroeconomic releases from Poland deteriorated markedly for the first time in August suggesting the Polish economy could no longer be immune to a severe slowdown in the European industry sector. The consensus indicates at a nice rebound to 5% YoY in September following a surprising 1.3% decline registered in the previous month. Looking forward, we expect Poland’s industrial output to continue easing, though this impact should be offset by strong consumption thereby only moderately affecting GDP growth as a whole in the H2 2019.
Central bankers’ speeches:
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2:00 pm BST - Fed’s Kaplan
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3:05 pm BST - Fed’s George
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4:30 pm BST - Fed’s Clarida
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6:45 pm BST - BoE’s Carney
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10:15 pm BST - BoE’s Cunliffe
Minutes FOMC: Further cuts are possible if inflation eases. EURUSD limits decline
⏫Silver and gold rally ahead of FOMC minutes
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