The market's attention this week will be directed towards U.S. inflation data, which will give a clearer picture of the path of inflation and will therefore have an impact on how many times the interest rate will be raised before the end of the year. The U.S. dollar ended last week high to settle near its highest level in 6 weeks
The highlights of this week's economic highlights are:
British Growth Data
UK growth data is due to release for August and GDP is expected to rise by 0.2% after rising by 0.3% in July. Britain is preparing to leave the EU in March next year and Brexit talks are likely to escalate ahead of the summit, which will be held between the leaders of the European Union on October 18.
ECB Monetary meeting Accounts
The European Central Bank will publish the September meeting discussions, in which the bank has decided to keep its policy unchanged. The ECB is expected to end its bond buying program, which began in early 2015 at the end of this year as inflation and the Eurozone economy recover are recovering.
U.S. inflation data
Inflation data in the U.S. due to release this week, and the CPI is expected to rise by 2.8% in September, while the CPI excluding food and energy prices is expected to rise by 2.3% in September.
