Barclays on the coming week for forex:

This week's calendar is heavy with inflation releases that hold implications for inflation trends and monetary policy.

Amid such varied inflation dynamics, several central banks will hold their policy meetings; we expect no action from the BoE (Thursday), SNB (Thursday)

  • The BoE might toughen up its rhetoric this week before raising its inflation forecast in November. Hawkish rhetoric could pose upside risks to GBP in the short term. Political dynamics will likely remain in focus.

Norway and New Zealand will hold general elections in the next two weeks.

  • We think that New Zealand election concerns are overpriced in NZD, while the Norwegian election will likely confirm the status quo.

Trade for the week ahead: Short AUDNZD spot to express the view that recent election concerns and NZD depreciation appear excessive and unjustified.