Later today, Construction PMI figures and retail sales data for the Eurozone will be released. Retail sales are expected to show a drop in September due to rising coronavirus cases across Europe.
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The pound has strengthened against the euro and the dollar after the Bank of England announced this morning that they will be boosting their quantitative easing programme by £150bn.
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The vote count for the US election continues, with Biden taking the lead so far and winning in key states such as Wisconsin and Michigan. Some swing states, such as Nevada, are yet to release their results and…
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If you spent the night waiting for a decisive result in the presidential election it looks like you will continue to be disappointed for a while. The currency markets clearly don’t know where to go this morning, but…
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The dollar is strong this morning, climbing as election uncertainty sets in. The race has, so far, proved to be closer than the polls predicted, with President Trump managing to win the state of Florida, a key battleground.
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Purchasing Manager’s Index data for services in the Eurozone will be released today. It is expected to show that growth in the service sector is slowing.
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The pound hit a two-month high against the euro earlier this morning due to optimism surrounding Brexit talks. However, this was short lived as the US election is driving market volatility.
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The dollar is stronger this morning as uncertainty over the outcome of the US election sets in. It’s a tighter race than the polls suggested and some key swing states are reporting a delay in vote counting. President…
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