Overall, the euro remains stronger against sterling. Against the dollar, some gains were made after yesterday’s dramatic fall, but the euro is still weaker.
Lots of interesting data from the eurozone today including Spain’s inflation rate and Sweden’s monetary policy meeting minutes.
The key data release to watch out for is Germany’s inflation rate YoY for September. Today, markets are expecting Germany’s inflation to rise to 8.9 and if the latest rate is in line with predictions, this will displace August as the month with highest inflation level since the country’s 1990’s reunification.
