London Open Briefing: Monday, October 19, 2026

London traders are commencing their Monday session with major currency pairs, including EURUSD, GBPUSD, and USDJPY, registering no movement since the reference point. This quiet start follows a 24-hour period where the New Zealand Dollar led gains at +0.32%, followed by the British Pound at +0.15%. Conversely, the Japanese Yen was the weakest at -0.31%, with the US Dollar also showing notable weakness at -0.30%. The broader market sentiment, as indicated by the risk meter, stands at -0.14, suggesting a slightly risk-off tone as the European trading day begins.

The economic calendar for this session highlights significant Canadian inflation data due at 12:30 UTC. Key releases include CPI m/m, with market consensus at 0.2% following a previous reading of -0.1%. Traders will also monitor several year-over-year CPI measures. Median CPI y/y is expected at 2.0%, matching its prior figure, while Trimmed CPI y/y holds a consensus of 1.9%, also unchanged. Further details include Core CPI y/y, anticipated at 2.1% against a previous 2.4%, and Common CPI y/y, expected to remain at 2.6%.

Earlier in the session, the BCB Focus Market Report related to the Brazilian Real is scheduled for 11:30 UTC.

The Canadian inflation figures will be the primary focus for market participants later in the session.

Scheduled this session (High and Medium impact)

Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.