Today's spotlight is on the interest rate decisions of central banks around the world

After the U.S. election, the interest rate decisions of central banks around the world are starting to come in succession. The focus is on the Bank of England at 20:00 tonight and the Federal Reserve at 03:00 on Friday. The market expects both central banks to cut rates by 25 basis points, with another cut anticipated in December.

For the Bank of England, this has been fully priced in, but for the Federal Reserve, the current probability of a rate cut in December is about 69%. The key point for the Bank of England to watch is the voting ratio; it is estimated that only Mann will dissent, but the possibility of Dingra/Ramsden voting in favor of a 50 basis point cut cannot be ruled out. How policymakers interpret the latest economic developments and the impact of the latest UK budget will be a focal point.

As for the Federal Reserve, how Powell navigates and communicates the risks surrounding President Trump's term and their plans for further rate cuts will be the only interesting part of the FOMC meeting and press conference. Additionally, the central banks of Sweden, Norway, and the Czech Republic are also scheduled to announce their interest rate decisions