Market insights

Speeches Continue

The raft of speeches yesterday didn't have a lot of impact on market rates.

Perhaps the continuance today will see some volatility.

Outside of that eyes will be on the Euro and the Canadian Dollar.

First there's the Bank of Canada interest rate decision where analysts are expecting a 50 point cut to 3.75% which is substantial, but in line with the recent US move.

After that it's Eurozone consumer confidence. A negative reading of -12.5 is expected which reflects the overall rhetoric and the pressure on central banks to start supporting economies with rate cuts.

Business news centres on a major overhaul of water company regulation. A new committee is reviewing whether to abolish the current regulator, Ofwat.

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Economic calendar

JPN: 12:00 BoJs Kazuo Ueda Speech

UK: 14:00 BoEs Sarah Breeden Speech

CAN: 14:45 BoC Interest Rate Decision

EUR: 15:00 Consumer Confidence

EUR: 15:00 ECBs Christine Lagarde Speech

CAN: 15:30 BoC Press Conference

UK: 19:45 BoEs Andrew Bailey Speech

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

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