12/10/2026
MARKET UPDATE
Inflation on the rise across the board.
The UK faces a sparse calendar this week, with the principal release scheduled for Thursday when gross domestic product figures are forecasted to print negatively at -0.1%, contracting from the previous month's reading of 0.4%.
Turning attention toward the EU, the schedule features a series of addresses by European Central Bank President Christine Lagarde throughout the week, culminating on Friday with consumer price index data, where headline inflation is expected to tick upward to 3.8% from the prior 3.2%.
Across the Atlantic, United States markets observe a public holiday today ahead of Wednesday's inflation report, which anticipates a rise to 3.7% from 3.4%. Producer price inflation and retail sales figures will follow closely on Thursday.
Finally, within South African foreign exchange markets, the Pound against the South African Rand exchange rate has edged higher to 21.90 over the past week. Concurrently, the United States Dollar paired with the South African Rand has remained relatively steady, currently changing hands at 16.55.