European manufacturing shrunk further over the last month, data released this morning showed. Given the circumstances, it is likely to have been priced in by the markets, but it’s still a concerning sign for economic recovery once the crisis is over.
Speculation continues to circulate over a potential extension to the Brexit trade talks deadline, with governments preoccupied by the pandemic – which may well also be helping the pound against the euro.
Later this morning, we will see Eurozone unemployment figures, and the European Central Bank will hold its non-monetary policy meeting this evening.
