The dollar is stronger against a basket of currencies this morning following positive retail sales. However, it is weaker against the pound.
Data released yesterday showed that US retail sales surged 1.7% month-on-month in October, beating predictions of a 1.4% rise. This was due to early Christmas shopping and spending on petrol.
Housing data will be released for the US later today, followed by a series of speeches from Federal Reserve officials. Yesterday, Atlanta Fed President Raphael Bostic said that higher inflation needs to be controlled as it is weighing on consumers.
