Yesterday, in contrast to the UK figure, America’s quarterly GDP was revised upwards, to growth of 3.2%.
Consumer spending was also above expectations, while corporate profits rose by 0.8%, four times better than forecast.
The number of Americans filing new claims for unemployment benefits rose to 2,000, to 216,000, in line with forecasts. Investors will be watching closely to see how these new and emerging unemployment claims will impact financial markets and possibly, the dollar’s movements.
USD/GBP past year
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