The US dollar looks set to extend its recent bullish run this week if September's payrolls report further strengthens bets for a Federal Reserve interest rate hike in October.
Last week's key rate movements
Pound (GBP)
The most notable UK economic release this week will be the UK’s second-quarter GDP print. However, barring a revision to the finalised growth figures, its impact on the pound (GBP) may be limited, instead leaving Sterling to be driven by wider currency trends.
Euro (EUR)
The main catalyst of movement for the euro (EUR) this week will be the publication of the latest Eurozone consumer price index. If September's preliminary figures report another acceleration in inflation, it may strengthen the euro as it bolsters expectations for another interest rate hike from the European Central Bank (ECB) next month.