EUR: Big day for PMI across the eurozone

The euro is still weaker overall against both sterling and the dollar, following the highest inflation on record.

This morning markets have seen Germany’s Balance of Trade for September. The trade surplus in Germany fell to €9 billion in September of 2022 from €16.1 billion a year earlier. Exports reached a new record high of €142.4bn and imports rose at a faster 30.7%

We’ve also had S&P global manufacturing PMI for multiple countries in the euro area, including France, Spain, Italy and Germany. Eurozone PMI will be released at 9am.

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