09:30 UK Claimant count (October) 36,5
09:30 UK Claimant count rate (October) 3,0%
09:30 UK Average earnings (3 months to September) Y/Y 3,3%
09:30 UK ILO Jobless rate (3 months to September) 5,8%
10:00 E15 Industrial production (September) -1,6%
10:00 E15 Industrial production (September) Y/Y -2,4%
10:30 UK BoE quarterly inflation report The yen rose against the dollar and the euro as U.S. stock futures fell on concern the global economic slowdown is deepening, limiting investor demand for higher-yielding assets funded in Japan.
The Japanese currency also climbed against the British pound after U.K. unemployment rose at the fastest pace in 16 years in October. It advanced versus the Australian and New Zealand dollars, two favorites of so-called carry trades. The euro gained against the dollar.
``The market has absorbed an enormous amount of bad news, but the overall trend in the market is very much entrenched, and it means yen strength,'' said Peter Rosenstreich, chief market analyst at ACM Advanced Currency Markets in Geneva.
The euro rose from a two-week low against the dollar earlier as its 14-day stochastic oscillator was 20.03 yesterday. A level below 20 suggests a security has fallen too fast.
Losses in the U.S. dollar may be limited after prices fell for the commodities that Australia and New Zealand export and as Standard & Poor's cut South Africa's ratings outlook.
The ICE's Dollar Index, which tracks the greenback against six trading partners, was at 86.643, from 87.075 yesterday, when it reached 87.279, the highest level since Oct. 28.
EUR/USD the pair bargained within the limits of $1,2500-$ 1,2630.