UK Growth Figures, US Inflation and French Protests: Sterling Update

UK monthly activity figures and Bank of England speeches are expected to influence expectations for interest rates this week, with a focus on inflationary pressures. Sterling is under pressure against the US dollar, while the euro faces political uncertainty and protests in France and Spain. The IMF's global economic report and US inflation data will also impact currency markets.

The European Central Bank is expected to consider raising interest rates, potentially by the end of October, amid inflation concerns. Meanwhile, Spain and France face ongoing protests, which may negatively impact the euro. The Bank of Canada will release speeches this week, with Governor Tiff Macklem speaking on Wednesday and Friday, October 14 and 16.