The pound has weakened slightly against the euro and the dollar this morning following disappointing retail sales and consumer confidence.
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Initial jobless claims figures will be released for the US later today, expected to rise to 300,000, from a post-pandemic low of 293,000 last week.
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EU leaders will gather in Brussels today for their October EU Summit. A prominent subject is expected to be Poland’s concerns about the EU’s rule of law, as well as energy prices and trade.
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CBI industrial trends and business optimism figures will be released for the UK later this morning.
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The pound has weakened slightly against the euro and the dollar this morning but is still in a strong position against both. Softer-than-expected inflation figures had little impact on sterling yesterday as it is still benefitting from increasing…
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Despite UK inflation coming in below expectations this morning, and the Covid-19 rates being worse than at any point since March, the pound has remained resolutely strong this morning. There was a brief wobble when the prices data…
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The dollar was weaker against a basket of currencies yesterday due to increasing expectations for interest rates hikes from both the Federal Reserve and the Bank of England.
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It was a light day for European data yesterday, but today inflation data is due to be released. A month-on-month and year-on-year increase is expected.
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