The dollar benefited from UK and European business woes yesterday, gaining 0.30% and 0.60% respectively. Its own PMI was mixed, with manufacturing leaping to 49 against an expectation of 46 but services slipping to 52.4.
Today we will hear about home prices, but the big event of the week is of course the US Federal Reserve’s interest rate decision tomorrow, where a rise of 25 basis points to 5.25% is expected.
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USD/GBP past year
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