United States economy grows 3.4% in third quarter vs. 3.2% expected

The United States' (US) Gross Domestic Product (GDP) grew at an annual rate of 3.4% in the third quarter, the US Bureau of Economic Analysis' (BEA) first estimate showed on Thursday. This print followed the 2.2% expansion recorded in the second quarter and came in better than the market expectation of 3.2%.

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Japanese Yen weakens against Pound Sterling as BoJ decision looms

GBP/JPY holds modest gains on Thursday as the Japanese Yen (JPY) underperforms most of its major peers. Investors assess the UK Autumn Budget and await the Bank of Japan’s (BoJ) monetary policy announcement on Friday. At the time of writing, the cross trades around 210.64, up 0.15% on the day.
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US Initial Jobless Claims dropped to 194K last week

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance decreased to 194K for the week ending October 24.
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