Today the dollar is stronger against sterling. Against the euro, the dollar has also gained strength.
Lots of interesting data from the US today, Durable goods ordered MoM will be released this afternoon. In last month’s release, figures beat market forecasts for a 0.5% decrease and rose to 1.9%. This was a good indication that business spending plans remained strong despite higher interest rates and inflation. The latest predictions however suggest those plans may slow down with figures at a much lower 0.8%.
More data to be released this afternoon includes pending home sales MoM, and Neel Kashkair from the US Federal Reserve will speak this afternoon.
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