The dollar strengthened against the pound yesterday but has weakened against both sterling and the euro this morning.
Initial jobless claims data missed expectations, rising 6,000 in the last week. Markets will now be keeping an eye on today’s jobs data for a better representation of the American labour force and economic health. The all-important non-farms payrolls and unemployment rate will be released this afternoon.
Next week, inflation figures for the US will be released. Markets are predicting a slight decline from 9.1% to 8.9%.