Friday turned out to be tough for pound sterling since the Q3 GDP figures were a terrible disappointment. Expectations had pointed to a minor increase on a quarterly basis, but the outcome was a fall.

Since the beginning of October, JPY has been hit by the relatively optimistic sentiment in the financial markets.

Today we will not see the release of many important macroeconomic events, the most important being the trade balance from Sweden and consumer confidence from Germany.

Market Drivers - FX: Monday