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
BREAKING: Fed Dallas Manufacturing above estimates 📈 EURUSD stable around 1.163
BREAKING: Ifo Index Slightly Above Expectations. DE40 limits jump from the session start
Economic calendar: Fed’s interest-rate decision on Wednesday 📄
Morning wrap (27.10.2025)