Euro nudging lower against dollar

The euro continues to edge lower against the dollar, trading down to around $1.0950 before recovering a touch and back in the bottom half of the $1.05 to $1.15 range it has occupied over the past 18 months

Sterling is steady against both the euro and the dollar at just over 89p and just under $1.23 respectively. Theresa May attends her first full EU summit today, presumably the start of the long goodbye

The price of Brent crude rose to just over $53 p/b for a time yesterday although still remaining shy of its most recent high of close to $54.

The unemployment rate in the UK remained steady at 4.9% in the three months to August while underlying earnings growth picked up to 2.3% year-on-year

Fed member Dudley  says the Fed is ‘reasonably close’ to its inflation and employment objectives and ‘expects to see’ an increase in interest rates later this year

The ECB Governing Council meets today but is widely expected to keep policy on hold as it focuses on implementing its current QE programme

Data due today includes retail sales in the UK and jobless claims in the US