Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
The pound has received a boost this morning from the news of an overnight breakthrough in Brussels on the Irish border talks. The European Commission said “sufficient progress” had been made in the first phase of Brexit talks, paving the way for talks to begin on Britain’s future trading relationship with the EU.
The pound is up 0.3% against the euro at €1.1482, and up 0.3% against the dollar at $1.3517.
So traders are not getting too carried away, and rightly so according to Donald Tusk, president of the European Council, who cautioned that phase one was the easy part:
Away from Brexit talks, it’s non-farm payrolls day in the US…
9.30am GMT: UK industrial production and manufacturing output for October
9.30am GMT: Britain’s trade performance in October will be outlined by the ONS
9.30am GMT: UK construction data for October
1pm GMT: The National Institute of Economic and Social Research will publish its estimate of UK growth in the three months to November
1.30pm GMT: US non-farm payrolls for November will provide the latest snapshot of employment and earnings in the world’s largest economy