– German IP likely to rise
– Hurricane Sandy likely depressed US payroll growth to 70k
– But Canadian employment is expected to be strong
What to watch for today
GBP: Stronger IP. Hard data should show signs of improvement today, as our economists expect October industrial production to rise 1.6% mom. Data in line with our expectations should support our constructive stance on GBP versus the euro and the growth-sensitive European complex.
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Credit Suisse