The euro strengthened against the dollar yesterday, mainly due to dollar weakness.
Yesterday, the EU published its proposals for changes to the Northern Ireland Protocol and simplifying some aspects. A UK government spokesperson said the EU proposals represented “only a small subset of the many difficulties caused by the way the protocol is operating”. Both sides agree that the protocol needs changes but have very different ideas about how to change it.
German consumer confidence figures were released this morning, unchanged for August and staying at a 1 year high, but below market forecasts. Rising COVID-19 cases and slow vaccine progress continue to weigh on consumers’ mood.
