In the United States, the employment report for October revealed a solid job creation and firm earnings growth. The strong figures keep market expectations of a December lift-off alive.
Due to more hawkish communication by FOMC, stronger labor market, and positive sign in global market, Barclays expects the Fed's bank rate decission in December.
The loosing momentum is seen in the U.S. economy, and faster growth in average earning gives an indication of higher inflation rate in near future, Barclays anticipates Fed to deliver 25pb hike every other meeting.