NORGES BANK: Bache Reiterates Prior Guidance, But Some Dovish Excerpts Noted

• US Data/Speaker Calendar (prior, estimate)
• 10/27 1030 Dallas Fed Mfg Activity (-8.7, -7.8)
• 10/27 1130 US Tsy $77B 26W bill & $69B 2Y Note auctions (91282CPE5)
• 10/27 1300 US Tsy $86B 13W bill & $70B 5Y Note auctions (91282CPD7)
• Source: Bloomberg Finance L.P. / MNI

• There are reports that the NHS needs an extra GBP3bln to "avoid making cuts." This is said to be comprised of GBP1bln cost of redundancy payments (from senior management at regional health boards), around GBP1.5bln on higher drug prices (due to a likely deal with the US) and 2xGBP300mln due to strike costs (from the resident doctors' strikes in July and the strike called for in November).
• Minister for Health Wes Streeting was by the asked in an interview with Laura Kuenssberg about both the strike and the redundancy payments and whether the Treasury or the Department for Health would be footing the bill and he dodged the question, noting that he didnt not want to add to Budget speculation.
• Its unclear how this will play out - but these payments are not currently accounted for in the Department for Health's budget - so unless there are cuts this will increase the amount that Chancellor Rachel Reeves needs to find at the Budget.

EURUSD (7th Nov) 1.1600p, sold at 0.0020 in ~1.2k.