Chancellor MERZ’s ruling coalition agreed to press ahead with a reform package covering a comprehensive pensions overhaul, long-term care reform and a personal income tax cut after a meeting at the federal chancellery. Party leaders called the meeting constructive and said the coalition aims to complete the measures quickly. MERZ’s public approval has fallen sharply and inter-party divisions persist, which the government identified as the main obstacle to implementing the reforms.

ING analyst Chris Turner said sterling's recent gains versus the euro could extend as markets price a possible Bank of England rate rise at the next meeting. He said much of the move reflects concern over French sovereign debt, but a November BoE hike would begin to underpin sterling. With Bank of England governor Bailey and deputy Lombardelli due to speak Thursday evening, Turner warned any signal they are prepared to "cross this red line" and vote for a hike could push EUR/GBP lower today.

法國總理塞勒科爾尼：敦促議員將2027年財政赤字限制在GDP的5%以內。