Inflation rate figures for the US, EU and UK are due to be released this week. The markets will be watching these data releases closely and currencies could be impacted, as the figures may have a bearing on the actions of central banks.
Prime Minister Boris Johnson is due to announce his ‘Covid Winter Plan’ tomorrow, which is set to include measures to allow the UK to ‘live with’ the virus during the winter months. Reports suggest that mandatory face coverings and working from home may be brought back in if there is a surge in infections.
The euro is weaker against the dollar this morning, partly due to uncertainty surrounding the upcoming German election. This will be held on September 26 when Angela Merkel’s successor will be elected.
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