Waiting for unemployment figures

The situation in the Middle East remains unpredictable and very unstable, while Israel's proposed invasion of Gaza still seems to be delayed. The market is expected to maintain a risk-off mentality one week ahead with many important events and figures. UK unemployment figures are due out tomorrow morning, followed by the latest S&P Global PMI data.

Ratings agency Moody's recently upgraded the UK's long-term outlook from negative to stable and returned the country to its AAA rating. The UK's budget usage plan will be announced on November 22.

UK government bond yields remain high with the 10-year yield approaching levels seen since August 2008. The daily chart shows the formation of a triple top, signaling a near-term decline.