The dollar is the dominant currency this morning. Friday’s much stronger-than-expected jobs data has reinforced expectations that US interest rates will stay higher for longer, and safe-haven demand from the Iran conflict is adding to dollar strength. This week’s inflation data – arriving on Thursday and Friday – could be the most consequential economic releases of the year so far. If prices are rising faster than expected, it would keep the dollar firmly in the driving seat.
USD/GBP past year
From To
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business account manager on 020 3918 7255 or your Private Client account manager on 020 7898 0541.
