It was a strong day for the dollar, strengthening by a good 0.5% or so against all its major rivals as Fed Chair Jerome Powell warned of future interest rate hikes.
The biggest rise was against sterling, where the greenback starts today around 0.9% up on yesterday morning.
On the data front there hasn’t been a great deal to write home about this week, but later today we’ll have a final reading for GDP in the first quarter of 2023, which is expected to be an annualised rate of 1.3%.
Tomorrow there is potentially market moving data on personal incomes, spending and inflation.
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USD/GBP past year
