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November in the Markets.

Bank of England Reports Published in November 2021

Monthly Decision Maker Panel data – November 2021 – Read the report

The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses.

How sensitive is UK corporate debt to increases in debt-servicing costs or earnings shocks? – Read the report

The share of large UK companies with high debt-servicing burdens would remain below historical peaks, even with large increases in borrowing costs or large falls in earnings.

PRA Regulatory Digest – November 2021 – Read the report

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

Omicron raises uncertainty around inflation, says Powell

From: The BBC

The emergence of Omicron raises the uncertainty around inflation, the chair of the Federal Reserve has warned. Rising rates of Covid, plus the new variant, pose new risks to the US economy, Jerome Powell told a Congressional committee.

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Euro Forecast: EUR/USD Bounces But Further Losses Lie Ahead

From: Daily FX

The coalition agreement announced by the incoming German Government this week suggested a broadly looser fiscal policy, and that might have been expected to prompt talk of a tightening of monetary policy by the European Central Bank in response.

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UK Inflation Overshoots to 10-Year High

From: Daily Forex

The latest monthly CPI (consumer price index) data for the UK was released early on the morning of 17th November. The data showed that inflation had risen at a rate of 4.2% over the past year, exceeding the increase of 3.9% which had been expected by analyst consensus.

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Currencies stabilise as worst Omicron fears ease, yen dips

From: Reuters

The safe-haven yen on Tuesday gave up some of the gains it made during last week’s market ructions as investors traded on hopes the Omicron coronavirus variant would not derail a global economic recovery as initially feared.

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Canadian dollar hits 2-month low on virus variant concerns

The Canadian dollar slumped to its lowest level in nearly two months against its U.S. counterpart on Friday as news of a possibly new vaccine-resistant coronavirus variant spooked global financial markets.

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FX Rates in November

GBP/EUR

 

Nov High: 1.1927
Nov Low: 1.1646
Nov End: 1.1765

 

GBP/USD

 

Nov High: 1.3664
Nov Low: 1.33
Nov End: 1.3314

 

EUR/USD

Nov High: 1.1597
Nov Low: 1.1213
Nov End: 1.1315