The dollar is still weaker against the pound and euro following the Jackson Hole Symposium last week, after US Federal Reserve chairman Jerome Powell expressed fears over the Delta variant driving Covid cases higher and gave no indication of any tapering to economic stimulus measures.
The markets will now look to Non-Farm Payrolls at the end of this week for further direction. The data is expected to show that 750,000 jobs were added to the UK economy in August, a drop from July’s reading of 943,000.
In the meantime, Balance of Trade and jobless claims figures will be released before a series of employment data on Friday.
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