Region: Europe

Treading water before inflation data. Leading indicators consistent with a recession in Q4. Proud pound holds firm.

US labour market is losing steam. Signs of a European bottoming are emerging. Stars align for pound.

Euro unfazed by German debt issue. UK returns to growth, contrasting the Eurozone. US in festive mood as volatility falls.

Slight pushback on easing financial conditions. Sterling stutters after UK budget update. Eurozone consumer morale improves to 3-month high.

10-week peak as tax cuts beckon. Last data patch before Thanksgiving. Germany’s highest court puts a brake on debt plans.

Dollar continues to suffer, with stocks at 22-month highs. Pound enjoying the risk rally. German data supports upward euro momentum.