Key FX Dates in October 2025

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Monthly FX insights for October

Week 1: 01/10/25 – 03/10/25

This week is heavy on US labour and sentiment data (ISM, JOLTS, ADP, and nonfarm payrolls). Given how many rate cuts the markets are already pricing in for the next 12 months, stronger-than-expected job numbers could have a greater impact on the USD, as they may reduce expectations for future cuts. The Eurozone CPI reading early in the week will also be closely watched to see if markets are correct in pricing in no further rate cuts over the next year.

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Week 2: 06/10/25 – 10/10/25

The Federal Reserve's (Fed) FOMC minutes released this week may prove particularly interesting, given the divergent views among members at September’s interest rate decision. Any indication that more policymakers are concerned about inflation rather than employment could again see expectations for rate cuts reduced. The Reserve Bank of New Zealand (RBNZ) is expected to cut rates at this week’s meeting, though the question remains whether it will be by 25bp or 50bp.

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Week 3: 13/10/25 – 17/10/25

A big data week ahead, with US inflation figures (US CPI and US PPI) in focus as markets assess whether the Fed’s concerns over rising inflation are justified. UK job data will also provide insight into the health of the labour market in a struggling economy.

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Week 4: 20/10/25 – 24/10/25

A busy week of flash PMIs across major economies — strong forward indicators of growth. UK CPI will also be an important metric for the GBP.

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Week 5: 27/10/25 – 31/10/25

The month ends with rate decisions from Japan and Europe, with the Bank of Japan (BoJ) meeting likely to be the more market-moving of the two. The BoJ is expected to hike rates by 25bp, while the European Central Bank (ECB) is unlikely to take action. Also due are Eurozone CPI figures and the Fed’s preferred inflation measure, core PCE, alongside US GDP data.

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Read more about key events here:

• When is the next Bank of Japan interest rate decision?
• When is the next ECB interest rate decision?

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Conclusion

In conclusion, staying informed about key economic calendar indicators, events, and dates is vital for making informed financial decisions. Whether you're monitoring GBP, EUR, or USD, these dates can significantly impact your currency exchange rates.

For the dates, events, and economic indicators that matter most to businesses, investors, and economic enthusiasts. Our Economic Calendar offers comprehensive insights into the meaningful indicators influencing market movements and FX rates across the UK, US, and EU.