Market Comment - 1st November 2021

Posted by Stuart PritchardNovember 1, 2021

Good morning,

A new month already! The year certainly feels like it's been very quick as we head into November.

Looking at the GBP/EUR rate this morning the rate continues to be technically range bound with the current rate towards the bottom of the range. No real news out therefore it appears to be simply being pushed down with normal trading.

The main focus this week is the COP26 climate talks in Glasgow. Whilst we've all heard for some time that action needs to be taken to curb climate change it looks as though these talks could have a deeper sense of urgency for action to be taken now. If any major announcements come out we will issue a Newsflash.

Looking ahead there is US manufacturing data out later and that appears to be it for today.

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

US: 14:00 ISM Manufacturing PMI

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