Dollar loses some more ground

The euro and sterling have both advanced some more against the dollar to trade close to $1.01 and at $1.1550 respectively this morning, which leaves the single currency-pound exchange rate hovering just above 87p

Government bond yields reversed course yesterday to end lower on the day overall, albeit there was no particular catalyst for the move down, with US and German 10-year yields now back to around 4.10% and 2.20% respectively and equivalent UK yields at 3.50%

Equity markets continue to make modest gains with both US and European stocks adding around half a percent or so in yesterday’s trading session

Retail sales volumes in the Euro area nudged higher in September according to data published yesterday, although they were still down on the same month in 2021

The outcome of yesterday’s mid-term elections in the US is in the balance, with Democrats doing better than expected but Republicans seemingly likely to take control of the House and control of the Senate a closer call

It is very quiet on the economic data front today with no major releases of note