Dollar hardens amid optimism
The dollar enjoyed a boost as analysts anticipated positive news from economic data from the US.
This morning the dollar stood at 1.1931 against the euro and 1.7656 to the pound.
US consumer confidence figures are out this week, while further third quarter GDP data is also expected to dictate the dollar's direction, with many predicting discernible growth.
Later this week Germany will release the latest business confidence index with many analysts again predicting a rise, which would further bolster the European economy in the wake of French figures out today.
French business confidence hit a seven-month high in October, with leading manufacturers reporting an improved outlook.
This week in the UK sees leisure group Whitbread release its results, keenly observed interim figures published by energy giant BP and banking group egg will detail its performance.
At the end of the week third quarter figures will be released by the UK's two biggest drug firms, AstraZeneca and GlaxoSmithKline.