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

Germany's unemployment exceeds expectations in September

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

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

Bank Indonesia keeps key interest rate on hold at 3.75 pct

U.S. vehicle sales fall again in November

U.S. Q3 economic growth unrevised in second estimate

U.S. existing home sales decline in August

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

U.S. House prices increase slightly in July

Reserve Bank of India likely to stand pat in December

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U.S. weekly jobless claims unexpectedly decrease

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

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

U.S. Consumer Confidence falls in September

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Mixed activity indicators to keep downward pressure on sterling

Sunday, January 3, 2016 9:45 PM UTC

Likely mixed December PMIs will be the focus for GBP this week and include manufacturing (Monday; consensus: 52.8; last: 52.7), construction (Tuesday; consensus: 56.0; last: 55.3) and services (Wednesday: consensus: 55.6; last: 55.9).

The GBP was one of the poorest performers versus the USD over the holiday period, and it will continue to weaken in the coming months as the market concentrates on UK-specific 2016 downside risks, including aggressive fiscal tightening and the impending EU referendum.

The Autumn Statement revealed a slight moderation in the degree of planned fiscal tightening this year, but it should still prove a significant detractor from growth, a view shared by an increasingly dovish Bank of England amid extremely low price pressures.

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Mixed activity indicators to keep downward pressure on sterling

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