After the massive highs against sterling last week, the dollar is weaker overall compared to the pound today. This follows sterling’s fresh gains on Friday after surprisingly good GDP data. Against the euro, the dollar is also weaker.
ISM Manufacturing PMI data will be released at 2pm UK time. The reading is expected to gently increase from the steady 52.8 seen in August and July, to 52.9. Despite an expected increase, these numbers point to low levels of factory growth (since June 2020).
There will be four speeches from the US Federal Reserve today; two from President of the Federal Reserve Bank of Atlanta,
Raphael Bostic, one from president and CEO of the Federal Reserve Bank of Kansas City, Esther George and one from president and CEO of the Federal Reserve Bank of Richmond, Thomas Barkin.
JOLTs data will be released at 2pm UK time tomorrow.
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