It was a patchy day for the dollar yesterday. Despite some positive economic news – GDP down on last month but up on expectations at 2.9% and Durable Goods Orders well up, by 5.6% – the US dollar barely moved. What movement there was, however, was broadly positive.
This afternoon we’ll hear personal spending and income data. A modest rise in income is expected but a decline in personal spending.
There isn’t a great deal to get excited about in the early part of next week. However, there will be house price data on Tuesday, and the Federal Reserve’s interest rate decision on Wednesday.
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USD/GBP past year
