The dollar took the opposite direction to the euro, strengthening sharply in the day and then dissipating during the afternoon session.
This was despite there being very little data yesterday. That will change today with the inflation result for August. The markets expect the main headline rate to rise a little to 3.6% annually, but the important core figure that strips out the mote volatile fuel and food, to fall to 4.3%.
For now, USD/GBP is benefitting from sterling’s GDP-related woes.
Tomorrow there will be retail sales data.
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USD/GBP past year
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