The pound rose sharply against the dollar, helped by optimistic data on unemployment in Britain, and subsequent statements from the Committee on the monetary policy of the Bank of England. The Office for National Statistics reported that the unemployment rate by the standards of the International Labor Organization fell in July -September to 7.6 percent, compared with 7.7 percent in the three months to August. We also add that the number of unemployed in this period amounted to 2470000 people, which has a minimum value for more than two years. Economists had expected the unemployment rate to remain unchanged.

Today's data also showed that the number of applications for benefits fell by 41,700 in October compared with the previous month , reaching 1.31 million ( the lowest since January 2009 ) . Economists had forecast a decline of 30.2 thousand Given this change in the level of applications for employment of unemployed fell to 3.9 percent from 4 percent in September.

In view of the change in the unemployment rate , the Bank of England may consider raising key interest rates as early as the 3rd quarter of 2015 , an increase of nine months earlier than previously expected. Better prospects for domestic demand in the UK, because the recovery is gaining momentum , means that unemployment will decline faster than the management of the Bank of England considered three months ago. Unemployment is likely to reach a decisive threshold 7% for the 3rd quarter of 2015 .

Also the management of the Bank of England stated that the economic recovery will accelerate in the 4th quarter of the current year and GDP growth will reach 0.9 % from 0.8 % in the 3rd quarter. These forecasts are based on market expectations as to what interest rates will rise in mid-2015 . This increase will slow growth in 2014 and 2015 , said the Bank of England.

The euro fell against the U.S. dollar earlier after the ECB Governing Council member Peter Pret said the central bank may apply a negative interest rate or start buying the assets of banks in an attempt to stimulate the economy of the region, which shows the dynamics of the non-shiny .

Pret said in an interview with Wall Street Journal, that the central bank will do whatever is necessary to fulfill its mission to promote economic growth, including lower interest rates below zero and buying assets from banks to lower the cost of borrowing in the private sector.

Comments Preta were a sign that the central bank may take further action , despite the fact that the U.S. Federal Reserve is likely to curtail incentives in the coming months , which provided support for the dollar.

Also, the pressure on the euro was due to the release of a weak report on the euro area. Data from the Statistical Office Eurostat showed that the September industrial production in the euro zone fell more than expected, after recording moderate growth in the previous month. According to the report , the seasonally adjusted industrial production fell in September by 0.5 per cent ( on a monthly basis ), which followed a 1 percent increase in the previous month . Economists had forecast a decline in September at 0.2 percent.

Later, the euro lost ground played against a broad dollar weakness , coupled with a reduction in yield of U.S. Treasury bonds .

European stocks fell, posting the biggest two-day drop in a month, as investors weighed corporate earnings and speculated stronger economic data will spur central banks to pare stimulus measures.

The Stoxx Europe 600 Index declined 0.6 percent to 319.82 at the close of trading.

Investors will watch U.S. economic reports this week on first-time claims for unemployment benefits and manufacturing in the New York area for clues on when the Fed will reduce the pace of its stimulus. The central bank may delay a decision until March, when it may pare monthly bond purchases to $70 billion from $85 billion, according to the median estimate in a Bloomberg survey on Nov. 8. The Fed next meets Dec. 17-18.

The Bank of England today brought forward the likely date for the U.K.’s unemployment rate to fall to 7 percent to the third quarter of 2015. That level is the trigger when the central bank may consider raising its benchmark interest rate.

The U.K.’s Office for National Statistics said the jobless rate as measured by the International Labour Organisation standards declined to 7.6 percent, the lowest since 2009, in the third quarter.

National benchmark indexes fell in 15 of the 18 western European markets. France’s CAC 40 lost 0.6 percent and Germany’s DAX slid 0.2 percent. The U.K.’s FTSE 100 slid 1.4 percent, its biggest retreat in almost three months.

Stada Arzneimittel dropped 5.5 percent to 37.88 euros for the biggest decline in more than a year. The drugmaker posted nine-month adjusted net income of 100.3 million euros ($135 million), missing analysts’ projection for 105 million euros.

Banco Popolare slid 6.1 percent to 1.34 euros. The Italian lender reported third-quarter net income of 9.26 million euros, missing analysts’ estimate of 47.5 million euros.

A gauge of bank shares fell 1.2 percent, for the third-biggest decline among the 19 industry groups in the Stoxx 600. Standard Chartered Plc lost 2.5 percent to 1,448 pence after Mizuho Securities Asia Ltd. advised investors to sell the shares. UniCredit SpA dropped 4.5 percent to 5.21 euros. Commerzbank AG decreased 2.4 percent to 10.09 euros.

Mediaset SpA tumbled 7.5 percent to 3.50 euros for the biggest drop in eight months. The broadcaster posted a third-quarter net loss of 57.4 million euros.

ICAP jumped 4.1 percent to 391.8 pence. The world’s largest broker of transactions between banks predicted pretax profit before exceptional items for the 12 months through March 2014 will be “">Drax Group Plc rose 2.6 percent to 653 pence. The operator of the U.K.’s biggest coal-fired power station forecast 2013 adjusted profit and earnings before interest, taxes, depreciation and amortization will beat analysts’ estimates.

Brent crude climbed, extending its premium over West Texas Intermediate to a seven-month high, as recurring unrest in Libya disrupted the country’s oil exports.

Futures rose as demonstrators at Libya’s Hariga port stopped a tanker from loading, said Mohamed Elharari, a spokesman for state-run National Oil Corp. Iran and six world powers ended a meeting over the weekend without coming to an agreement on the nation’s nuclear program. WTI has fallen for the past five weeks as U.S. inventories surged.

Brent oil for December settlement, which expires tomorrow, increased $1.39, or 1.3 percent, to $107.20 a barrel on the London-based ICE Futures Europe exchange at 11:11 a.m. New York time. The more-active January contract rose $1.36, or 1.3 percent, to $106.90. The volume of all futures traded was 13 percent higher than the 100-day average.

WTI for December delivery advanced $1.41, or 1.5 percent, to $93.45 a barrel on the New York Mercantile Exchange. The contract tumbled $2.10, or 2.2 percent, to $93.04 yesterday, the lowest settlement since May 31. Volume was 24 percent above the 100-day average.

The value of gold is increasing for the first time in five sessions , as investors chose to take profits after the eve of gold fell to one-month low.

On Tuesday, the head of the Central Bank of Dallas, Richard Fisher recommended markets to prepare for a possible early reduction of QE- 3 . In addition , the head of the central bank of Atlanta Dennis Lockhart said the Fed will be actively discussing the possibility of reducing the volume of program to buy assets in December.

Experts believe that the market looks concerned because the reduction of quantitative easing could begin sooner or later , a strong dollar and generally good economic statistics reduce the interest in precious metals .

Output last Friday which exceeded forecasts of Labor Statistics in the U.S. has led many investors to reconsider the timing estimates to minimize the program of quantitative easing, and now they are waiting for comments of the candidate for president Janet Yellen Federal Reserve in the Senate on Thursday .

The cost of the December gold futures on COMEX today rose to $ 1279.80 per ounce.

U.S. stock futures fell, as investors weighed the strength of the economy to assess when the Federal Reserve may scale back stimulus.

Global markets:

Nikkei 14,567.16 -21.52 -0.15%

Hang Seng 22,463.83 -437.58 -1.91%

Shanghai Composite 2,087.94 -38.83 -1.83%

FTSE 6,619.56 -107.23 -1.59%

CAC 4,220.73 -43.05 -1.01%

DAX 8,987.06 -89.42 -0.99%

Crude oil $94.87 (-0.06%).

Gold $1281.00 (-0.01%).

USD/JPY Y97.50, Y98.00, Y98.50, Y98.90, Y99.00, Y99.30, Y99.50, Y100.00, Y100.15, Y100.25

EUR/JPY Y133.50, Y133.75

EUR/USD $1.3305, $1.3350, $1.3375, $1.3400, $1.3450, $1.3470, $1.3485, $1.3500, $1.3520, $1.3535

GBP/USD $1.5850, $1.5970, $1.6025

EUR/GBP stg0.8300, stg0.8325, stg0.8350/55, stg0.8450

AUD/USD $0.9300, $0.9350, $0.9375, $.9400, $0.9420, $0.9450

AUD/JPY Y92.25, Y94.25

NZD/USD $0.8350

USD/CAD C$1.0500

Data:

00:00 New Zealand RBNZ This chapter Graeme Wheeler

00:30 Australia Employment Cost Index , q / q III m +0.7 % +0.8 % +0.5 %

00:30 Australia Employment Cost Index Y / Y III quarter +2.9 % +2.9 % +2.7 %

09:30 UK average earnings , 3 m / y in September +0.7 % +0.7 % +0.7 %

09:30 UK average earnings (excluding bonuses) , 3 m / y in September +0.8 % +0.9 % +0.8 %

09:30 UK The number of applications for unemployment benefits , th October -41.7 -30.2 -41.7

09:30 UK jobless claims level of employment in October 4.0 % 3.9 % 3.9 %

09:30 UK ILO unemployment rate in September 7.7 % 7.7 % 7.6 %

10:00 EU Industrial Production m / m in September +1.0 % -0.2 % -0.5 %

10:00 EU Industrial Production y / y in September -2.1 % +0.1 % +1.1 %

10:30 UK It BOE Mark Carney

10:30 UK Letter of the Bank of England 's Inflation IV quarter

12:10 Eurozone ECB board member Jens Weidmann

The dollar rose slightly against the euro, which was associated with the release of a weak report on the euro area. Data from the Statistical Office Eurostat showed that the September industrial production in the euro zone fell more than expected, after recording moderate growth in the previous month. According to the report , the seasonally adjusted industrial production fell in September by 0.5 per cent ( on a monthly basis ), which followed a 1 percent increase in the previous month . Economists had forecast a decline in September at 0.2 percent. Meanwhile, it was reported that the production of durable consumer goods fell by 2.6 percent, and the output of capital goods decreased by 1 percent. Production of intermediate goods was down 0.8 percent compared to September 2012 . Note also that the production of energy increased by 1.3 percent. On an annual basis , industrial production grew by 1.1 percent in September , after falling 1.1 percent in August , which was revised down from -2.1 percent. Economists had expected production to grow by only 0.1 percent.

The pound rose sharply against the dollar, helped by optimistic data on unemployment in Britain, and subsequent statements from the Committee on the monetary policy of the Bank of England. The Office for National Statistics reported that the unemployment rate by the standards of the International Labor Organization fell in July -September to 7.6 percent, compared with 7.7 percent in the three months to August. We also add that the number of unemployed in this period amounted to 2470000 people, which has a minimum value for more than two years. Economists had expected the unemployment rate to remain unchanged.

Today's data also showed that the number of applications for benefits fell by 41,700 in October compared with the previous month , reaching 1.31 million ( the lowest since January 2009 ) . Economists had forecast a decline of 30.2 thousand Given this change in the level of applications for employment of unemployed fell to 3.9 percent from 4 percent in September.

In view of the change in the unemployment rate , the Bank of England may consider raising key interest rates as early as the 3rd quarter of 2015 , an increase of nine months earlier than previously expected. Better prospects for domestic demand in the UK, because the recovery is gaining momentum , means that unemployment will decline faster than the management of the Bank of England considered three months ago. Unemployment is likely to reach a decisive threshold 7% for the 3rd quarter of 2015 .

Also the management of the Bank of England stated that the economic recovery will accelerate in the 4th quarter of the current year and GDP growth will reach 0.9 % from 0.8 % in the 3rd quarter. These forecasts are based on market expectations as to what interest rates will rise in mid-2015 . This increase will slow growth in 2014 and 2015 , said the Bank of England.

EUR / USD: during the European session, the pair fell to $ 1.3407

GBP / USD: during the European session, the pair has set high at $ 1.6000

USD / JPY: during the European session, the pair fell to Y99.37

At 18:01 GMT the United States Stir 10 - year bonds . At 19:00 GMT the United States will be released monthly performance report for October. At 21:30 GMT New Zealand will release the index of business activity in the manufacturing sector of Business NZ in October , and 21:45 GMT to announce the change in retail sales for the 3rd quarter . At 23:50 GMT Japan is to publish preliminary data on changes in GDP, nominal GDP and the GDP deflator for the 3rd quarter .

EUR/USD

Offers $1.3550, $1.3500, $1.3494, $1.3460

Bids $1.3410/00, $1.3320-00, $1.3295-94, $1.3277

GBP/USD

Offers $1.6100/05, $1.6070, $1.6050, $1.6020/30, $1.6003

Bids $1.5920, $1.5910/00, $1.5879, $1.5850

AUD/USD

Offers $0.9420, $0.9400, $0.9380, $0.9350, $0.9325/30

Bids $0.9279, $0.9250, $0.9200, $0.9195

EUR/GBP

Offers stg0.8650/55, stg0.8600/05, stg0.8575/85, stg0.8520/30, stg0.8500, stg0.8475/80

Bids stg0.8380/70, stg0.8325/20, stg0.8300, stg0.8285

EUR/JPY

Offers Y135.50, Y135.24/28/36, Y135.00, Y134.50, Y134.20

Bids Y133.40, Y133.10/00, Y132.82/78, Y132.50, Y132.20

USD/JPY

Offers Y100.50, Y100.20, Y100.00, Y99.80

Bids Y99.45/40, Y99.11/07, Y99.00, Y98.80, Y98.64/59

European stocks fell, posting the biggest two-day drop in a month, as investors weighed corporate earnings and speculated stronger economic data will spur central banks to pare their stimulus measures. U.S. equity-index futures and Asian shares also retreated.

The Stoxx Europe 600 Index declined 0.4 percent to 320.46 at 10:39 a.m. in London. The gauge rallied for the past five weeks as the European Central Bank lowered its key interest rate and the Federal Reserve maintained bond purchases.

Investors will watch U.S. economic reports this week on first-time claims for unemployment benefits and manufacturing in the New York area for clues on when the Fed will reduce the pace of its stimulus. The central bank may delay a decision until March, when it may pare monthly bond purchases to $70 billion from $85 billion, according to the median estimate. The Fed next meets Dec. 17-18.

The Bank of England today brought forward the likely date for the U.K.’s unemployment rate to fall to 7 percent to the third quarter of 2015. That level is the trigger when the central bank may consider raising its benchmark interest rate.

The U.K.’s Office for National Statistics said the jobless rate as measured by the International Labour Organisation standards declined to 7.6 percent, the lowest since 2009, in the third quarter.

Stada Arzneimittel dropped 6.2 percent to 37.62 euros, for the biggest decline on the Stoxx 600. The drugmaker posted nine-month adjusted net income of 100.3 million euros ($135 million), missing analysts’ projection for 105 million euros.

Banco Popolare declined 3.2 percent to 1.38 euros. The Italian lender reported third-quarter net income of 9.26 million euros, missing analysts’ estimate of 47.5 million euros.

A gauge of bank shares fell 1.2 percent, for the second-biggest decline among the 19 industry groups in the Stoxx 600.

Standard Chartered Plc lost 3.5 percent to 1,434 pence after Mizuho Securities Asia Ltd. advised investors to sell the shares. UniCredit SpA dropped 3.2 percent to 5.28 euros. Commerzbank AG decreased 2.9 percent to 10.03 euros.

FTSE 100 6,653.77 -73.02 -1.09%

CAC 40 4,241.65 -22.13 -0.52%

DAX 9,053.39 -23.09 -0.25%

USD/JPY Y97.50, Y98.00, Y98.50, Y98.90, Y99.00, Y99.30, Y99.50, Y100.00, Y100.15, Y100.25

EUR/JPY Y133.50, Y133.75

EUR/USD $1.3305, $1.3350, $1.3375, $1.3400, $1.3450, $1.3470, $1.3485, $1.3500, $1.3520, $1.3535

GBP/USD $1.5850, $1.5970, $1.6025

EUR/GBP stg0.8300, stg0.8325, stg0.8350/55, stg0.8450

AUD/USD $0.9300, $0.9350, $0.9375, $.9400, $0.9420, $0.9450

AUD/JPY Y92.25, Y94.25

NZD/USD $0.8350

USD/CAD C$1.0500

Asian stocks fell after China’s leaders failed to outline steps to curb state dominance of the economy and amid bets the Federal Reserve may start reducing U.S. stimulus next month.

Banks slumped in Hong Kong after a communique at the end of China’s four-day plenum made scant mention of financial reforms.

Nikkei 225 14,567.16 -21.52 -0.15%

S&P/ASX 200 5,319.18 -73.92 -1.37%

Shanghai Composite 2,087.94 -38.83 -1.83%

Tencent Holdings Ltd., China’s biggest Internet company, fell 2.8 percent after a news report quoted its chairman saying the company’s valuation is “scarily” high.

Noble Group Ltd. lost 4.6 percent in Singapore after Asia’s largest commodity trader by sales said profit slumped.

Pioneer Corp. surged 22 percent after the Japanese maker of car stereos reported an unexpected first-half operating profit.

00:00 New Zealand RBNZ Governor Graeme Wheeler Speaks

00:30 Australia Wage Price Index, q/q Quarter III +0.7% +0.8% +0.5%

00:30 Australia Wage Price Index, y/y Quarter III +2.9% +2.9% +2.7%

The euro halted a two-day gain before data this week that may show the region’s factory output dropped and growth slowed, fanning speculation the European Central Bank will take more measures after a rate cut last week. Factory production in the 17-nation euro region probably fell 0.3 percent in September from August, when it rose 1 percent, according to the median estimate of economists in a Bloomberg News survey. The European Union’s statistics office will report the figure today.

The yen was near a two-month low as Bank of Japan board member Ryuzo Miyao said he is slightly more mindful of downside risks to the economy, backing speculation the central bank will expand stimulus next year. In Japan, government figures today showed machine orders fell 2.1 percent in September from a month earlier, compared with a 1.8 percent decline estimated by economists. Prices of goods traded among companies slid 0.1 percent last month, the first month-on-month drop in a year, the BOJ said.

The pound remained lower following a three-day slide before the Bank of England publishes economic forecasts in its quarterly Inflation Report today. The pound weakened yesterday when the National Statistics Office said core annual inflation slowed to 1.7 percent in October, the least since September 2009. Economists had forecast the costs of living excluding alcohol, food, tobacco and energy, rose 2 percent.

EUR / USD: during the Asian session the pair rose to $ 1.3450

GBP / USD: during the Asian session, the pair fell to $ 1.5885

USD / JPY: during the Asian session the pair fell to Y99.40

There is a full calendar on both sides of the Atlantic Wednesday, with the early part of the session likely to be dominated by the UK jobs data and the BOE Inflation Report. The European calendar gets underway at 0800GMT, when the Spanish October final HICP numbers will cross the wires. Annualised HICP is seen higher by 0.1% on month. At the same time, ECB Governing Council member Christian Noyer is scheduled to speak at a banking conference in Paris. Further Euro area data is expected at 1000GMT, when the Sep industrial output numbers are set to cross the wires. Analysts are looking for a flat reading on month, an improvement on the previous month's 2.1% fall. At 1210GMT, ECB Governing Council member Jens Weidmann is scheduled to give a speech, in Frankfurt. ECB Governing Council member Luis Maria Linde will give a speech on Spain's economic crisis, in Barcelona, at 1800GMT.

GOLD 1,267.40 -13.70 -1.07%

OIL (WTI) 93.11 -2.03 -2.13%

Nikkei 225 14,588.68 +318.84 +2.23%

S&P/ASX 200 5,393.09 +5.95 +0.11%

Shanghai Composite 2,126.77 +17.30 +0.82%

FTSE 100 6,726.79 -1.58 -0.02%

CAC 40 4,263.78 -26.36 -0.61%

DAX 9,076.48 -31.38 -0.34%

Dow 15,783.10 +21.32 +0.14%

Nasdaq 3,919.79 +0.56 +0.01%

S&P 500 1,771.89 +1.28 +0.07%

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3434 +0,21%

GBP/USD $1,5902 -0,53%

USD/CHF Chf0,9174 -0,20%

USD/JPY Y99,63 +0,48%

EUR/JPY Y133,85 +0,70%

GBP/JPY Y158,42 -0,06%

AUD/USD $0,9299 -0,63%

NZD/USD $0,8220 -0,39%

USD/CAD C$1,0493 +0,18%

00:00 New Zealand RBNZ Governor Graeme Wheeler Speaks

00:30 Australia Wage Price Index, q/q Quarter III +0.7% +0.8%

00:30 Australia Wage Price Index, y/y Quarter III +2.9% +2.9%

09:30 United Kingdom Average Earnings, 3m/y September +0.7% +0.7%

09:30 United Kingdom Average earnings ex bonuses, 3 m/y September +0.8% +0.9%

09:30 United Kingdom Claimant count October -41.7 -30.2

09:30 United Kingdom Claimant Count Rate October 4.0% 3.9%

09:30 United Kingdom ILO Unemployment Rate September 7.7% 7.7%

10:00 Eurozone Industrial production, (MoM) September +1.0% -0.2%

10:00 Eurozone Industrial Production (YoY) September -2.1% +0.1%

10:30 United Kingdom BOE Gov Mark Carney Speaks

10:30 United Kingdom BOE Inflation Letter Quarter IV

12:10 Eurozone ECB's Jens Weidmann Speaks

19:00 U.S. Federal budget October 75.1 -104.3

21:30 New Zealand Business NZ PMI October 54.3

21:30 U.S. API Crude Oil Inventories November +0.9

21:45 New Zealand Retail Sales, q/q Quarter III +1.7% +0.9%

21:45 New Zealand Retail Sales ex Autos, q/q Quarter III +2.3% +1.4%

23:30 Japan GDP, q/q (Preliminary) Quarter III +0.9% +0.4%

23:50 Japan GDP, y/y Quarter III +1.2%