Yesterday, the pound had the dubious honour of being declared the world’s worst performing currency in the previous day, month, three months and past year. Today, the markets are looking forward to inflation figures, as well as the retail price index, which is expected to show a slight decline.
The European Parliament’s approval of Ursula von der Leyen’s appointment as the coming President of the European Commission has been met with mixed reactions. She will take up her post on 1 November.
In the US, positive retail sales data has strengthened the dollar. However, trade war tensions with China continue, with Trump stating that there is still a long way to go.
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