Market Information Thursday 29 October 2026

The UK government introduced support to cushion households from higher energy costs, including a £100 payment for around 20 million households and an extended fuel-duty freeze. Taxes on banks, gambling, savings and landlords will help fund the measures. Growth is projected at 1.2% in 2026 but only 1.0% in 2027. Fiscal headroom fell to £15 billion, while the government aims to eliminate the current budget deficit within three years.

Global central banks face difficult policy decisions as inflationary pressures from the Middle East conflict combine with rising sovereign borrowing costs. The Federal Reserve has kept rates unchanged, markets assign a 78% probability to at least a 25-basis-point increase in December. Canada raised rates with 25 basis points, while New Zealand unexpectedly maintained its policy rate at 2.75%.

The US goods trade deficit widened unexpectedly by 2.1% to $134.9 billion in September, exceeding economists’ $130.2 billion forecast. Imports increased by $8.1 billion to $344.1 billion, while exports rose by $5.3 billion to $209.2 billion. Trade has not contributed to gross domestic product growth for three consecutive quarters. Economists expect third-quarter growth of 3.2% annualised, supported primarily by artificial intelligence investment and consumer spending.

The 6M Euribor increased with 1 basis point to 2.99% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.47% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.