CZK: Koruna Trims Thursday's Data-Induced Loss

• MNI: UK OCT FINAL SERV PMI 52.3 (51.1 FLASH, 50.8 SEP)
• UK OCT FINAL COMPOSITE PMI 52.2 (51.1 FLASH, 50.1 SEP)

Flights from Brussels and Liege airports were disrupted on 4 November due to the reported incursion of drones into the airspace around the locations, while the airbases at Kleine-Brogel and Florennes were also impacted according to local media (the former for the fourth night in a row). Air traffic at Charleoi was halted for a short time as a precaution, and VRT reports Ostend and Antwerp's Deurne airports were impacted over the weekend. These are the latest in a growing line of drone incursions into airspace around European airports that now include the cities of Munich, Copenhagen and Oslo. 

• While the identity of those carrying out the incursions is not known, the timing of the incidents is notable given that Belgian ministers will meet with senior figures in the European Commission on Friday, 7 November amid disagreements over how or whether to utilised frozen Russian assets held in the EU (primarily in Belgium's Euroclear) to fund Ukraine.
• The Commission has proposed the use of 'reparations loans' that would see ~EUR140bln disbursed to Kyiv to support the war effort and its usual budgetary needs.
• The gov't of PM Bart De Wever is demanding that in exchange for its approval, member states' veto power over EU sanctions is removed (at present they must be renewed every six months, and if Budapest or others do not back them, Belgium would be at risk of having to pay Russia all of the frozen funds), and the EU and its member states provide written guarantees to not leave Belgium 'on the hook' if repayment is due. 

BNP (19th Dec) 62p, traded at 1.87 in 6.2k (suggest sold).