Market insights

FED Rate Decision Inbound

It's a big couple of days in the FX markets.

The FED is expected to hold it's base rate at 5.5% later this evening.

However the Bank of England is expected to make a 25 point cut tomorrow.

Before all that there's Eurozone inflation numbers out, so it could be a lively 24 hours.

Analysts are expecting the European reading to come in at 2.4% annualised growth.

If all that wasn't enough there's Canadian GDP, Australian trade balance and Chinese manufacturing numbers out.

Business news covers the potential for tax hikes in the October budget, and a payout deal for post office owners affected by the ongoing scandal.

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Economic calendar

EUR: 10:00 Inflation Report

US: 13:15 ADP Employment Change

CAN: 13:30 GDP Report

US: 19:00 FED Interest Rate Decision

AUS: Thursday 02:30 Trade Balance

CHN: Thursday 02:45 Caixin Manufacturing PMI

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

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