Sterling was strong yesterday against both the euro and the dollar as election campaigning continues. The Labour Party released their manifesto, which set out plans for a windfall tax on oil firms, scrapping a rise in the state pension age and raising government spending by £83 billion.
This morning, we’ll see the release of manufacturing PMI and services PMI. Manufacturing is expected to stay in contraction territory for the rest of this quarter. Services PMI rose to 50 in October, so it will be interesting to see if this level is maintained for November.
