The news release schedule is short on Friday, the 27th of October, but it definitely can move the currency markets. Let’s find out more. Coming up first at 12:30 PM GMT is the closely watched preliminary estimate of US third-quarter GDP.
The second quarter GDP surprised on the upside, driven by higher consumer spending and business investments, but, much like with other recent US data, the hurricane season could have an impact on this quarter’s growth. The next news item is also the last, and it’s the final reading of University of Michigan October Consumer Confidence. The preliminary estimate puts the Index at its highest level since 2004, but the report did note consumers expect little room for further improvement. And that’s all for Friday’s Economic Calendar.