Strong manufacturing data yesterday from most of the main eurozone economies helped to boost the euro, while a Bank of England vote to keep interest rates steady put downward pressure on the pound.
The dollar is still slowly inching higher, as the markets react positively to the Fed Chair’s comments on inflation. Today, we’ll see the all-important non-farm payrolls, as well as a raft of other US releases, including market services PMI and composite PMI.
Make sure to lock in your exchange rate with a forward contract – call your Personal Trader on 020 7898 0541 to find out more.
