After strengthening slightly towards the end of last week, the pound is trading around the same levels against the euro and the dollar. PMI figures for September will be released tomorrow, giving an indication of how the economy performed last month.
The euro is still weaker against the dollar following inflation rate data last week, which showed that inflation in the Eurozone had reached a 13-year high. The markets will be listening closely to speeches from ECB President Christine Lagarde tomorrow and ECB official Isabel Schnabel on Thursday.
Meanwhile, the dollar is strengthening this morning, benefitting from its safe-haven status due to concerns over the Chinese property sector and rising treasury yields. This week will conclude with the release of US non-farm payrolls, which reveal how many jobs the private sector created in September. After a disappointing report in August, an improvement is predicted.
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