Yesterday’s ISM Manufacturing PMI was disappointing, at 46, against an expectation of 47, representing the fastest fall in the sector since May 2020. However it was a quiet day on the markets overall, with little currency movement.
That may not last. While the markets are closed today for Independence Day celebrations, tomorrow sees the publication of the minutes of the recent interest rate decision from the Fed’s FOMC, and on Thursday we’ll get the first of the month’s important employment datasets with JOLTs Job Openings.
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USD/GBP past year
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