Good morning from the Financial Times.

Today is Monday, October 19th,

and this is your FT news briefing.

Rising coronavirus infections and new lockdown measures

have economists worried about a double-dip recession in Europe.

And the UK's Chancellor is ready to release tens of millions of pounds to end a lockdown deadlock.

Plus, Sterling has been on a bit of a roller coaster ride for the last few

years so how will Brexit after the transition period affect the UK's currency? I'm

Merck Filipino and here's the news you need to start your day.

The number of coronavirus cases in Europe, they're not a spike or an uptick or a surge.

No, Europe is full on entering its second wave of the pandemic.

Countries around the block are implementing restrictions, maybe not anywhere like what we saw in the spring,

but still pretty serious.

And Europe's second wave is raising the threat of a double dip recession.

Here with me now is the FT.T.'s Frankfurt Bureau Chief Martin

Martin Martin what in particular has economists worried?

As you mentioned the rising level of infections is what's got economists revising their models for the fourth quarter

and some economists are revising their growth forecasts into negative territory. In other words, they think it's possible

that having fallen very sharply with a record recession in the first half of this year across Europe and then rebounded with expected

to be record growth figures in the third quarter, we're then going to see a subsequent fall back into negative territory which is really

bad news because the European Central Bank and the European Commission and the IMF have all

been forecasting that growth would continue, albeit at a slower pace through the fourth

...