The British Monetary Policy Committee expanded the Asset Purchase Facility by an additional 50 billion pounds to £325, as was expected. The pound rose on news of the QE release, breaking through the 1.59 level, before retracting at the end of the trading week.

In the US, John Williams, Federal Reserve Bank of San Francisco President, is about to speak in Vancouver.

The pound continues to show weakness against the greenback, due in large part to the sluggish UK economy and continuing debt crisis affecting the eurozone.

In the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President, is about to speak in Atlanta.

Britain’s trade balance deficit fell to 7.6 billion pounds in October, which was significantly better than the  9.5 billion deficit  that was expected. This figure is bullish for the pound, which has been inching up against the dollar.

In the US, Charles Plosser, Federal Reserve Bank of Philadelphia President, is about to lecture in Philadelphia

Britain enjoyed some nice growth in Q3, but fresh figures from October are not so good: The manufacturing sector is contracting once again, while construction is doing better and the services sector is struggling.

In Europe, French Industrial Production, is a main financial health indicator that value the manufacturers output is about to reduce from 1.5% on September to -0.7% this month.

The huge QE program introduced in the UK pounded the pound, that fell to levels last seen in July 2010. But not all is terrible in Britain. The series of PMIs was slightly better than expected: manufacturing rose back to the growth zone (although new exports fell), and the large services sector surprised with relatively strong growth. Only construction caused serious worries.

In the US, Richard Fisher, Federal Reserve Bank of Dallas President is due to deliver a speech in Dallas.