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U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

U.S. weekly jobless claims unexpectedly decrease

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.S. Consumer Confidence falls in September

U.S. durable goods orders sustain robust growth

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Swiss franc likely to gradually depreciate against euro in coming months

United States building permits

U.S. existing home sales rise above expectations in October

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Swedish economic sentiment indicator rises in November

Canada's economy shows growth in July, but growth stalled in

Malaysian headline inflation falls further in October, likely to remain negative in 2020

U.S. existing home sales decline in August

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GBP review

Monday, May 4, 2015 2:54 PM UTC

The election week is finally here and starts off with a holiday on Monday. General elections are scheduled on Thursday this week and this is expected to be one of the closest elections in the UK in a long time.

As per opinion polls no party is expected to win a clear mandate and that bring the prospect of a coalition which could be complicated and will impact the Sterling Pound. On Friday Sterling sold off about 1.4 percent after weak economic data.

Manufacturing PMI for April moved sharply lower to 51.9 from 54.0 in March and the market was expecting this number to further improve to 54.6. The large real-estate sector in UK also had some under par numbers with Mortgage approvals for March trending lower to 61.34k from 62.4k in February.

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