Market movers today
* In an otherwise busy week we have a very thin calendar today. In terms of data releases the market will focus on UK PMI construction, which is expected to move sideways at a very high level around 59.
* In the euro area the consensus expectation is for a further decline in PPI, which is already below zero. However, the data are for October and should not attract much attention.
* In the evening ECB’s Nowotny speaks at an event in Brussels and this is likely to get some attention ahead of the ECB meeting on Thursday. Nowotny has previously said the ECB has a number of measures to fight low inflation and any elaboration will be scrutinised by the market.
* Denmark releases currency reserve data
Read the full report: FX Daily
Danske Bank