<\/p>\n
\n Share:<\/span><\/p>\n The EUR\/GBP fell off recent consolidation to etch in a new October low near 0.8631, and the pair is pinned into the low end heading into the Tuesday trading session.<\/p>\n The European Sentix Investor Confidence reading for October couldn’t prop up the Euro (EUR) meaningfully, despite a better-than-expected print of -21.9, a slight downtick from the previous read of -21.5 but significantly better than the market forecast<\/a> of -24.<\/p>\n On the UK side, the Bank of England<\/a> (BoE) policymaker and Monetary Policy Committee (MPC) member\u00a0Catherine Mann made a hawkish showing at an event in Dallas on Monday. Mann noted that central banks need to be more aggressive in the face of inflation, because policy measures need to not only overcome inflation, but “drift” in inflation expectations that develop over time.<\/p>\n Mann remains concerned about how deeply-embedded inflation has become, and that too-little moves from the BoE could mean future policy mechanism adjustments would have a limited effect.<\/p>\n Tuesday sees a speech from European Central Bank (ECB) President Christine Lagarde<\/a> who will be delivering talking points at the International Monetary Fund’s (IMF) latest annual meeting, currently being hosted in Morocco.<\/p>\n On Wednesday, it’s UK production day, with Industrial and Manufacturing Production on the docket, alongside Gross Domestic Product<\/a> (GDP) for the third quarter and Trade Balance figures.<\/p>\n Wednesday will also see speeches from the ECB’s Elderson and Panetta, followed by the ECB’s latest meeting minutes, to be published at 11:30 GMT.<\/p>\n\n
EUR\/GBP Technical Outlook<\/h2>\n