At 17:00 (GMT+2), November data on the consumer confidence index in the EU countries will be published. The indicator is calculated based on a survey of 2.3K households that assess the prospects of the economy. It is a leading indicator for consumer spending, with high readings indicating consumer optimism and vice versa. It is expected that the indicator will slow down the negative dynamics from the current ˗17.9 points to ˗17.6 points, putting pressure on the euro.
