It was a poor day for the dollar generally yesterday, except against the euro where the greenback gained around 0.50% yesterday (which has been somewhat corrected this morning).
As ever, the start of the month is the busiest for data in the US, and today we’ll hear non-farm payrolls and unemployment. It’s not just economists and central bankers looking at the US jobs market. Despite being 18 months away, thoughts are starting to turn to the presidential election in 2024 which, with two relatively unappealing candidates looking likely, could hinge on the economy.
Turning to next week, the big event will be inflation on Wednesday. However, the markets will be looking at how the banking world looks, with several regional banks in the US apparently looking for financial lifelines.
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USD/GBP past year
