The euro has weakened against the dollar and is slightly stronger against the pound this morning due to US election uncertainty. Whilst sterling tends to move with market sentiment, the dollar strengthens in times of uncertainty due to its safe-haven status.
Several officials from the European Central Bank will speak today and are expected to voice their views on the economy as Europe battles with a second COVID-19 wave. As well as this, Purchasing Manager’s Index data for services in the Eurozone will be released. It is expected to show that growth in the service sector is slowing.
