<p>OPEC MOMR (Oct): World oil demand growth forecasts revised down for 2022 and 2023 by 500k BPD and 400k BPD respectively</p>

This article was written by Ryan Paisey at forexlive.com.

<p><a target=“_blank“ href=“https://www.bankofengland.co.uk/speech/2022/october/huw-pill-in-conversation-with-scdi“ target=“_blank“ rel=“nofollow“>Monetary policy: an anchor in challenging times – speech by Huw Pill</a></p><p>BoE Chief Economist Pill says at present, he is still inclined to believe that a significant monetary policy response will be required to the significant macro and market news of the past few weeks </p><p>“But I will see when we get to November how events have evolved in the meantime“. </p><p>Employment has stagnated and is now showing tentative signs of falling. </p><p>This will help to cool the labour market and contain some of the domestically-driven inflationary pressures that historically have threatened to become more persistent.</p><p>I Continue To Expect A Significant Monetary Policy Action At The Monetary Policy Committee’s Next Scheduled Meeting </p><p>Fiscal Announcements Will, On Balance, Provide A Further Stimulus To Demand Relative To Supply Over The Medium-Term, Monetary Policy Relevant Horizon </p><p>Volatile Market Dynamics That Followed The Announcement Of The Growth Plan Underline The Need To Bolster The Credibility Of The Wider Institutional Framework </p><p>It Is Welcome That The Role Played By The Office For Budget Responsibility (OBR) In Scrutinising The Government’s Fiscal Plans Will Be Resumed</p><p><a target=“_blank“ href=“https://www.forexlive.com/terms/g/gbp/“ target=“_blank“ id=“3a5ab7c1-ff09-45ea-87d4-eea6613bb754_1″ class=“terms__main-term“>GBP</a></p>

This article was written by Ryan Paisey at forexlive.com.

<p><a target=“_blank“ href=“https://twitter.com/PriapusIQ/status/1580157285745455106?s=20&t=qXHBJMqPQRnUP3yC8W_hlQ“ target=“_blank“ rel=“nofollow“>The German government expects Europe’s largest economy to slide into recession next year as an energy crisis, rising prices and supply bottlenecks take their toll, its economy minister said</a></p><p>German economy minister: </p><p>WE WILL HAVE NEGATIVE GROWTH FIGURES IN Q3, Q4 THIS YEAR AND IN Q1 NEXT YEAR</p><p>ECONOMY WILL SLIDE INTO RECESSION, SEES 2023 GDP -0.4%</p><p>~ Nobody is surprised by this! </p>

This article was written by Ryan Paisey at forexlive.com.

<p>Vlad has been getting lively this morning, with plenty of quotes crossing the terminal..<a target=“_blank“ href=“https://twitter.com/PriapusIQ/status/1580150347074789376?s=20&t=mCvrfXORcNd3gjwGnoQ_CQ“ target=“_blank“ rel=“nofollow“>Via Reuters:</a> Russian President Vladimir Putin said on Wednesday that major leaks which suddenly erupted in the Nord Stream gas pipelines running from Russia to Europe were an „act of international terrorism“.</p><ul><li>THOSE WHO SEEK TO SEVER TIES BETWEEN RUSSIA AND EUROPE ARE BEHIND NORD STREAM SABOTAGE</li><li>RISKS ARE THAT LNG SUPPLIES ARE NOT STABLE (sounds like a threat to me)</li><li>WE SUPPLY ALL THE ENERGY WITHIN CONTRACTUAL VOLUMES</li><li>THERE IS NO POLITICS BEHIND NORD STREAM PROJECTS (hahaha)</li><li>RUSSIA IS READY TO SUPPLY GAS VIA NORD STREAM 2</li><li>WE ARE READY TO SUPPLY ADDITIONAL VOLUMES IN WINTER SEASON</li><li>USE OF SPOT PRICING MECHANISM WILL RESULT IN LOSSES OF $300 BLN FOR EUROPE</li><li>THEY PRINT MONEY TO TACKLE HIGH ENERGY PRICES</li></ul>

This article was written by Ryan Paisey at forexlive.com.

<p>U.S. mortgage interest rates rise to highest level since 2006</p><ul><li>MBA Mortgage Applications: -2% (Previous -14.2%) </li><li>

MBA 30-Yr Mortgage Rate: 6.81% (Previous 6.75%)</li></ul><p><a target=“_blank“ href=“https://twitter.com/PriapusIQ/status/1580151861084319744?s=20&t=7hpZ0VCfAWhQuBvgX4Xr3A“ target=“_blank“ rel=“nofollow“>Full Reuters Note</a></p>

This article was written by Ryan Paisey at forexlive.com.