The UK's National Statistics Office revealed a report today indicating an increase of 16,000 in the number of people claiming unemployment benefits in November, up from the previous figure of 8,900 but still lower than the anticipated 20,300. Additionally, job hires decreased to 50,000 in October from 54,000.
Investors anticipate a 0.1% decline in the UK's Gross Domestic Product (GDP) on a monthly basis and a decrease in industrial production for October. Moreover, the Bank of England (BoE) is expected to maintain the interest rate at the current 5.25% level on Thursday.
Investors are also awaiting the release of the US Producer Price Index (PPI) and the Federal Reserve's interest rate decision this week, which has slightly weakened the US dollar after the Consumer Price Index (CPI) data disclosure.
The Federal Open Market Committee (FOMC) is expected to maintain its current policy stance at the upcoming meeting. Investors remain closely attentive to the comments of Federal Reserve Chair Jerome Powell, seeking deeper insights into potential interest rate adjustments in the upcoming year.