Dollar gains continue to stay the course
The pound is the laggard on the day with cable sliding by 0.5% to 1.3430 but it keeps with the technical levels outlined earlier in the day (↑).

Latest data released by Eurostat – 5 November 2021

BOE announces its latest monetary policy decision – 4 November 2021

Latest data released by Challenger, Gray, and Christmas Inc
– 17.9k
US-based employers announced 22,822 job cuts last month, a roughly 28% rise from September – marking the highest monthly total since May. That said, October’s total was roughly 72% lower than the same month last year.

Forex news from the European trading session – 4 November 2021
Headlines:
Markets:
– JPY leads, EUR lags on the day
– European equities higher; S&P 500 futures up 0.1%

Bank of Spain comments on the economy
here

Dollar holds at the highs for the day, gradually extending gains
Meanwhile, the pound is also looking soggy with cable down 0.5% to 1.3617:
Sellers are keeping near-term control on a push back below its 100-hour moving average (red line) earlier today with some minor support seen @ 1.3600-05 next.

Forex news from the European trading session – 3 November 2021
Headlines:
Markets:
– NZD leads, CAD lags on the day
– European equities mixed; S&P 500 futures down 0.1%

Remarks by ECB policymaker, Pablo Hernandez de Cos
Pretty much sticking to the tagline while acknowledging upside risks on the matter. But again, it’s all relative to what ‚transitory‘ actually means in their book. Three months? Six months? A year? Seems like it’s just for as long as they can get away with it.

Further remarks by de Cos
The rates market has already pulled back on that earlier today with a 10 bps rate hike now priced in for December 2022 instead (from October 2022 earlier) but even that is also something the ECB will surely seek to push back on.