Latest data released by CBI – 27 October 2020
„The fall in retail sales in October is a warning sign of a further loss of momentum in the economy as coronavirus cases pick up and restrictions are tightened across many parts of the country.“
The survey also shows that retailers are expecting to cut orders to suppliers

Comments by German finance minister, Olaf Scholz
Well, we will have to wait and see what the meeting between Merkel and regional leaders on Wednesday will yield but a in any form would be a blow to the German economic outlook in Q4 – even if the auto sector has been holding up.

Forex news from the European morning session – 26 October 2020
Headlines:
Markets:
– GBP leads, CAD lags on the day
– European equities lower; E-minis down 1.0%

Bundesbank remarks in their latest monthly report
It is going to come down to how much the government wants to focus on the health crisis, against the backdrop of having to sacrifice parts of the economy to do so.

Switzerland rules out going back to lockdown
As have pretty much all countries across the globe, considering that the economic costs are just too painful for governments to bear after the experience in March to April.

Sterling gets a lift as EUR/GBP falls by 0.5% to 0.9050
This comes as EUR/GBP is sliding to a fresh session low of 0.9050 as price action there takes out both key hourly moving averages @ 0.9064-67 respectively, after hitting a near-term double top close to the 0.9100 handle.

Comments by Ifo economist Klaus Wohlrabe
The active virus cases across the country has doubled from 50,000 to over 100,000 in just 10 days with over 250 districts now deemed as ‚high risk‘ areas.

Coronavirus daily numbers from Europe:
That’s a new record for Italy/France and the others are all very close. Expect the weekly pattern to show lower numbers on Mon/Tues and then pick back up on Wednesday.

Lots of high profile names to announce earnings this week
The earnings calendar for the week will ignite with a broad range of some of the biggest of the big names.  On Thursday alone we get all the FAANGs sans Netflix (which disappointed with their subscriber numbers this week), but Facebook, Amazon, Apple, and Google is

An ICYMI on the Swiss National Bank and the campaign being waged in Switzerland to ban it from investing in defence companies.
The vote is on November 29.