The euro is stronger against the pound and weaker against the dollar this morning. Worries over increasing infection rates in Europe and the possibility of a second wave has caused the greenback to strengthen and the euro to weaken.
Over 20 travel and tourism bodies, as well as unions across Europe, have written an open letter to the European Commission to replace COVID-19 quarantine restrictions with a testing protocol for travel. This comes as the sector continues to suffer.
The Consumer Confidence figure for Germany came in at -1.6 this morning, missing expectations of -1 as lockdown measures are reintroduced. PMI data was also released for Germany this morning, with the manufacturing sector beating expectations and showing growth in the sector. However, it was a different story for services, which fell into contraction territory and missed expectations.
