GBP
Yesterday  Bank of England governor Mark Carney was  on CNN,
suggesting the recent weakness in the eurozone might have an effect on the
timing of UK interest rates, but indicated  it will not dictate
policy. The Bank of England is expected to be the first of the major
central banks to begin to raise interest rates after months of record lows, but
these comments sound a little weaker than of late.

GBP
Yesterday  Bank of England governor Mark Carney was  on CNN,
suggesting the recent weakness in the eurozone might have an effect on the
timing of UK interest rates, but indicated  it will not dictate
policy. The Bank of England is expected to be the first of the major
central banks to begin to raise interest rates after months of record lows, but
these comments sound a little weaker than of late.

USD
The dollar strengthened from a one-month low against the yen on speculation its
longest losing streak since July was needless given US economic growth has
the potential to outpace Japan’s. US Dollar rose for the third time
in four days against the euro as analysts predict European data today will show
industrial production will fall in August. The Federal Reserve
officials did indicate a worldwide economic slowdown may delay U.S.
interest-rate increases and weigh on the dollar. 

EUR
The European Central Bank’s record-low interest rates are pushing Japanese
investors out of the region and into the U.S, and that’s weighing down the
euro, according to Mizuho Bank Ltd. 

INR
Indian bonds rallied, pushing the 10-year yield to a 13-month low, and the
rupee gained after the government reported the slowest inflation in almost
three years. Consumer prices rose 6.46 percent in September from a year
earlier, the slowest pace since the index was created in January 2012 and
compared with 7.73 percent in August, official data showed after the market
shut yesterday.  

Brent crude oil  has dropped 21 percent since the end of June to $88.14 a
barrel, reducing import costs for India, which relies on overseas purchases to
meet about 80 percent of its oil requirements.

Key
Announcements:

09.30 BST GBP:  UK Core consumer price index YOY expected to fall
from 1.9% to 1.8%.
09.30 BST GBP : UK  Consumer price index YOY expected to fall from
1.5% to 1.4%.
10:00 BST EUR:  European industrial production YOY figures are expected to
go from 2.2% to 0.9%.
10:00 BST EUR :  Economic sentiment figures from Germany
expected to fall from 6.9 to 1.0

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