The dollar finished last week stronger against both sterling and the euro, but looking like a classic dead cat bounce. Now it begins this week with politics doing what it does best: grabbing attention. The US shutdown story adds a fresh layer of uncertainty at exactly the wrong moment for anyone hoping for a clean, data-led market. There is plenty of data too, however, with PMI today and jobs taking centre stage from midweek.
USD: Shutdown jitters again
Christopher Nye
on February 2nd, 2026 
