Economic calendar

07:30 AUD Australia Goods Trade BalanceGoods Trade Balance Forecast 0.94BPrevious 0.50B

What it is: The difference between the value of Australia's goods exports and imports, published by the Australian Bureau of Statistics (ABS). A positive number is a surplus and a negative number is a deficit.
Why it matters: Australia mainly exports resources such as iron ore and coal, so this figure reflects demand for its goods and the health of its economy. Its importance is usually moderate.
Usual market reaction: Markets react to the actual figure compared with the forecast. A larger-than-expected surplus (or smaller deficit) tends to support the Australian dollar, as more demand for the currency is needed to pay for exports, while a weaker result often weighs on it. The impact is usually limited unless the figure differs a lot from expectations.

13:45 AUD RBA Deputy Governor Hauser SpeaksRBA Deputy Gov Hauser Speaks

What it is: This is a public speech or set of remarks by the Deputy Governor of the Reserve Bank of Australia (RBA), one of the central bank's senior officials.
Why it matters: Traders listen for clues about the central bank's view on the economy, inflation and the likely path of interest rates. Its importance usually depends on the content and tone of the remarks.
Usual market reaction: Markets judge whether the comments sound hawkish (hinting at higher or longer-held rates) or dovish (hinting at rate cuts) compared with expectations. Hawkish remarks tend to support the Australian dollar, while dovish ones often weigh on it. If nothing new is said, the reaction is often small.

14:00 EUR German Factory Orders (m/m)German Factory Orders m/m Forecast 4.6%Previous -10.6%

What it is: This figure, published by Germany's Federal Statistical Office (Destatis), shows the monthly change in the value of new orders placed with German factories.
Why it matters: Orders are a forward-looking sign of future production and the health of German industry, the largest economy in the eurozone. Its importance is usually moderate.
Usual market reaction: Markets compare the actual figure with the forecast. A higher-than-forecast result usually points to a stronger economy and tends to support the euro, while a lower one often weighs on it. The data can swing a lot because of large one-off orders, so reactions are sometimes muted, and the DAX index may also move with the economic outlook.

14:45 EUR French Industrial Production (m/m)French Industrial Production m/m Forecast 0.3%Previous -0.3%

What it is: This figure, published by France's national statistics office (INSEE), shows the monthly change in the volume of output from factories, mines and utilities.
Why it matters: It helps show the health of French manufacturing and the growth outlook, but it usually moves markets less than German data or eurozone-wide figures.
Usual market reaction: Markets compare the actual figure with the forecast. A higher-than-forecast result often points to a stronger economy and may give the euro slight support, while a lower one can weigh on it a little. Price moves are usually modest unless the result is far from expectations.

16:00 EUR Italian Retail Sales m/m Forecast 0.0%Previous 0.3%

What it is: This measures the monthly change in the value of retail goods sold in Italy. It is published by Italy's national statistics office, ISTAT.
Why it matters: Consumer spending is a major part of any economy, and Italy is one of the eurozone's larger economies. However, this release usually has fairly low importance for the euro.
Usual market reaction: Prices react to the actual figure compared with the forecast. Retail sales above the forecast are often seen as a sign of firm consumer demand and may give the euro (EUR) slight support, while a weaker result tends to weigh on it slightly. The market impact is usually limited unless the figure is far from expectations.

16:30 GBP UK Construction PMIConstruction PMI Forecast 46.4Previous 46.1

What it is: This is a survey-based index of purchasing managers at UK construction companies. It is compiled by S&P Global and CIPS.
Why it matters: A reading above 50 usually signals the construction sector is expanding, while below 50 suggests contraction. Traders use it as a clue to UK economic momentum, though it is generally less important than the services and manufacturing PMIs.
Usual market reaction: Prices react to the actual figure compared with the forecast. A PMI above the forecast is often read as a sign of a stronger economy and tends to support the pound (GBP), while a lower one usually weighs on it. The reaction is often light to moderate.

17:00 EUR Eurozone PPI m/mPPI m/m Forecast 2.5%Previous 1.9%

What it is: This measures the monthly change in the prices producers receive for their goods at the factory gate. It is published by Eurostat, the European Union's statistics office.
Why it matters: Producer prices often act as an early signal for consumer inflation, so they feed into views on the European Central Bank's (ECB) interest rate path. They are usually less important than CPI.
Usual market reaction: Prices react to the actual figure compared with the forecast. A PPI reading higher than forecast is often read as rising inflation pressure, which may suggest the ECB keeps rates higher for longer and tends to support the euro (EUR). A lower-than-forecast result usually weighs on the euro, though the reaction is often modest.

17:03 EUR Spanish 10-Year Bond AuctionSpanish 10-y Bond Auction Previous 4.18|1.6

What it is: Spain's Treasury auctions 10-year government bonds to investors to raise money for the government. The results show the average yield and the bid-to-cover ratio, which compares demand with the amount offered.
Why it matters: The result shows how confident investors are in Spain's public finances. It is usually considered a low-to-medium importance event.
Usual market reaction: Traders usually compare the result with the previous auction, or with the forecast if there is one. Strong demand and a lower-than-expected yield tend to be read as confidence and may slightly support the euro. Weak demand or a higher-than-expected yield can signal worry and may weigh a little on the euro, though the overall effect on the currency is often limited.

17:18 EUR French 10-Year Bond AuctionFrench 10-y Bond Auction Previous 4.93|2.0

What it is: France's debt agency, Agence France Trésor, auctions 10-year government bonds to investors. The results show the average yield and the bid-to-cover ratio, which compares demand with the amount offered.
Why it matters: France is one of the eurozone's largest economies, so the result reflects investor confidence in France and in European bond markets. It is usually considered a low-to-medium importance event.
Usual market reaction: Traders usually compare the result with the previous auction, or with the forecast if there is one. Strong demand and a lower-than-expected yield tend to be read as confidence and may slightly support the euro. Weak demand or a higher-than-expected yield can signal fiscal worries and may weigh a little on the euro, though the effect on the currency is usually not large.

19:00 GBP BOE Official Bank RateOfficial Bank Rate Forecast 4.00%Previous 3.75%

What it is: The main interest rate of the United Kingdom, set by the Bank of England's (BOE) Monetary Policy Committee.
Why it matters: It is one of the biggest drivers of the pound, because interest rates affect borrowing costs, inflation and capital flows.
Usual market reaction: Prices usually react to the actual rate compared with the forecast. A rate higher than expected, or a hawkish signal from the BOE, tends to support the pound, while a lower one often weighs on it. Gold is usually affected only indirectly, through moves in the US dollar. If the result matches expectations, the accompanying statement often matters more.

19:00 GBP BOE Monetary Policy Report

What it is: A quarterly report from the Bank of England (BOE), released alongside its rate decision, with forecasts for inflation and economic growth.
Why it matters: It shows how the BOE sees the economy and inflation, which is linked to the future path of interest rates. It is usually a major event for the GBP.
Usual market reaction: Traders usually listen for hints about interest rates. Higher inflation forecasts or a firm tone often support the GBP, while weaker growth forecasts or a softer tone tend to weigh on it. Markets often react to what differs from expectations and can be volatile around the press conference.

19:00 GBP BOE Monetary Policy SummaryMonetary Policy Summary

What it is: A document the Bank of England (BOE) publishes alongside its interest rate announcement, explaining the reasons for its decision and its view on inflation and the economy.
Why it matters: Traders read it to judge whether the BOE is leaning toward raising or cutting rates. It is usually considered highly important because it comes out with the rate decision.
Usual market reaction: Prices usually react to the wording compared with what the market expected. If the tone is more hawkish than expected, such as worry about inflation, the pound often gains support; if it is softer or hints at rate cuts, the pound tends to weaken. Pairs like GBP/USD can swing sharply when it is released.

19:00 GBP MPC Official Bank Rate Votes Forecast 7-0-2Previous 3-0-6

What it is: A breakdown of how each member of the BOE's Monetary Policy Committee (MPC) voted, for example to hold, raise or cut rates. It is released with the rate decision.
Why it matters: The vote split helps show where rates might go next. When members disagree strongly, the market usually pays closer attention.
Usual market reaction: Prices usually react to the votes compared with what the market expected. If more members vote to raise rates than forecast, the pound often gains support; if more vote to cut than expected, it tends to weaken. Traders often treat dissenting votes as a clue that policy may be changing direction.

19:30 GBP BOE Governor Bailey SpeaksBOE Gov Bailey Speaks

What it is: A speech or public comments by the Governor of the Bank of England (BOE), Andrew Bailey, on the economy, inflation and monetary policy.
Why it matters: The Governor is the most influential voice at the BOE, so his words are often used to read where interest rates may head. Its importance depends on the topic and timing.
Usual market reaction: Traders usually listen for hints about rate hikes or cuts and compare the tone with what the market expected. A more hawkish tone than expected tends to support the pound, while a softer tone or worry about slower growth often weighs on it. Prices can be volatile during the speech, especially in any question-and-answer session.

Thursday 5 November 2026