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Market Comment - 11th November 2021

Posted by Stuart PritchardNovember 11, 2021

Good morning,

This mornings UK GDP numbers came in softer than expected. The Year on Year number was predicted at 6.8% growth and came in at 6.6%. This has caused a slight knock on effect with GDP rates which have dropped marginally versus the Euro and the Dollar.

Outside of this it's a relatively quiet today with the US and Canada honouring Veterans Day. There's no further news scheduled for today so we are not expecting big moves from here.

This will only change if there's an unexpected news story that might have a knock on effect to global forex markets.

As ever we look forward to keeping you in the loop and look out for our next update.

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Today’s Economic Calendar

EUR: 16:00 ECB's Schnabel Speech

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