Interest rates decisions in the UK and Europe will be the central focus of attention but this week’s data releases will also provide more evidence of the impact of this summer’s credit crisis on activity levels among service sector companies.

Monday brings the purchasing managers’ surveys of service sector activity in October. In September, the eurozone PMI suffered its worst monthly drop since the survey started in 1998 and, unsurprisingly, the sharpest decline was reported in financial services, where growth stalled.