The pound is slightly weaker against the euro and stronger against the dollar, as Brexit remains the focus. A spokesperson for the Prime Minister said that the EU needs to show “more realism” if it wants to find a resolution on fisheries. Johnson also said that whilst he’d rather leave the Brexit transition period with a deal, he’s sure that the UK can cope without one.
Chancellor of the Exchequer, Rishi Sunak, said yesterday that he will continue to “balance the books” when it comes to providing support to businesses and individuals during the coronavirus crisis. He said though that, although the government would “keep striving to be creative” on employment support, he would also have to be “pragmatic”.
The IHS Markit/CIPS UK services PMI was revised higher to 56.1 in September, from a preliminary estimate of 55.1. Composite PMI, which combines services and manufacturing, was also revised higher to 56.5, showing growth and confidence in both sectors.
