UK, US and Europe: Looking ahead, a somewhat quiet economic calendar draws our attention to the German IFO business climate release, alongside the afternoon appearance from Mario Draghi. Expect the euro to be in focus, with last month’s sharp IFO bounceback expected to flounder, with a somewhat less impressive figure this time around.
Economic calendar - key events and forecast (times in BST)
Source: Daily FX Economic Calendar
9am – German IFO index (September): business climate index to rise to 104 from 103.8. Market to watch: EUR crosses
1.30pm – US Chicago Fed index (August): expected to rise to 0.2 from 0.13. Markets to watch: US indices, USD crosses.
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