Money News Overview Thursday 26th October 2023: ECB is anticipated to keep interest rates steady

The Eurozone's Q2 GDP result came in at +0.3% maintaining the pace of growth in Q1 and slightly ahead of consensus (+0.2%).

The UK unemployment rate, which was somewhat lower than expected at 4.2% in the three months to August, was already released in the macro diary.

Meanwhile, we’ll get flash PMIs from the Eurozone, the United Kingdom, and the United States throughout the day. They will provide an early indication of how these economies will fare at the start of Q4.

In September, the PMIs were generally weak across regions and industries (both manufacturing and services). Overall, the consensus predicts similarly modest outcomes in October.

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