It’s shaping up to be a relatively calm week on the data front, with limited major releases scheduled. The focus will be on the United Kingdom, where the Bank of England announces its rate decision on Thursday. Markets expect no change, with the policy rate holding steady at 4.00%
Meanwhile, following last week’s Fed rate decision, market sentiment has shifted notably after Jerome Powell remarked that another rate cut in December “is not a foregone conclusion”. The statement has tempered expectations for an additional cut this year.
