The dollar strengthened yesterday as the belief has risen that the Federal Reserve (the Fed) will not feel the need to rein in its monetary tightening despite ructions in the US banking system. The collapse of Silicon Valley Bank has not spread to the wider banking community, as had been feared.
On the data front, we’ll be hearing building permit data later today. The second half of any month tends to be quieter for US data sand April is no exception. Remember to download your new Quarterly Forecast for a full calendar of potentially market moving events.
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USD/GBP past year
