At 12:00 (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 in November, the indicator will slow down the negative dynamics from the current −17.9 points to −16.9 points, putting pressure on the euro.
