The dollar’s fortunes were patchy yesterday, strengthening markedly against the pound and various other dollars, but making no gains on the euro.
This morning USD/GBP has reached a new multidecade high. The countries’ relative performances on retail sales tells the tale: in the US they rose by 0.3% in August – better than expected – while in the UK they fell by 1.6%, far worse than expectations.
Today’s data includes Michigan Consumer Sentiment for September, which is predicted to grow, plus the Michigan 5 year inflation expectations, both at 3pm UK time.
USD/GBP past year
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 3918 7255 or your Private Client trader on 020 7898 0541.
