With a new trading week comes new opportunities. So, we’ve gathered insights for the week ahead that highlight the current trends, scheduled events and potential movers to watch. Let’s get started.             

   

Calendar Events    

  • UK Claimant Count Change – Nov. 11  
  • UK ILO Unemployment Rate – Nov. 11  
  • UK Employment Change – Nov. 11  
  • UK Average Hourly Earnings – Nov. 11  
  • Australia Unemployment Rate – Nov. 13  
  • Australia Employment Change – Nov. 13  
  • UK GDP – Nov. 13  
  • UK Manufacturing Production – Nov. 13  
  • UK Industrial Production – Nov. 13  
  • US CPI (Tentative) – Nov. 13  
  • Eurozone Employment Change – Nov. 14  
  • Eurozone Preliminary GDP – Nov. 14  
  • US Retail Sales (Tentative) – Nov. 14  
  • US PPI (Tentative) – Nov. 14  

Top Things to Watch    

Senate Advances Deal to End US Government Shutdown  

The US Senate narrowly approved the first step of a deal late Sunday to end the government shutdown that began on October 1. The procedural vote passed with exactly 60 “yes” votes after tense weekend negotiations and will keep the government funded through the end of January.  

The agreement could heavily impact markets throughout the week. Traders are likely to stay cautious ahead of key data releases, monitoring how the short-term funding deal affects confidence and growth expectations.  

All Eyes on UK Employment  

UK labor market data for October, due Tuesday, will test the economy’s strength under tight policy. Markets will watch wage growth and unemployment for clues on inflation and the BOE’s next move, with softer wage growth supporting rate-cut bets and stronger figures keeping sterling volatile. The unemployment rate is expected to rise to 4.9% while claimant count change is expected at 20.3k.  

UK & EU GDP  

GDP data from the UK and Eurozone, due Thursday and Friday, will reveal how both economies are coping with slower global growth. The UK’s monthly GDP is expected at 0.2% and will show how the third quarter ended. Eurozone GDP is forecasted at 0.2% QoQ and will provide insights on key sector and country contributions, shaping expectations for upcoming BOE and ECB policy moves.    

  

Trending Now: GBP/USD  

Market Sentiment / Source: Acuity  

  

GBP/USD Chart / TradingView  

Why It’s Trending?     

GBP/USD remains pressured near 1.315 as traders try to assess growing expectations of Bank of England rate cuts in early 2026. Weak UK economic data and a cautious BOE have kept the pound pressured.  

The US dollar strengthened against the pound due to positive signs that the US government might reopen after entering its 41st day. Senate Majority Leader John Thune said Sunday that a federal budget agreement is taking shape, potentially reopening the government through January and reversing some recent federal layoffs.