020 7898 0500It was a quiet Friday morning for the US dollar, with sterling attempting to recover from its recent hits. However, with better than forecasted growth in Gross Domestic Product (GDP) for America, as well as Personal Spending and Personal Income both growing better than expected this was short lived.
We can expect further movement this week with the all-important Non-Farm Employment Change on Friday. Leading up to this release we can expect various indications on Wednesday and Thursday, with the ISM manufacturing Purchase Managers Indices (PMI) and Non-Manufacturing PMI’s expecting mixed releases. The worry continues to be how robust is the US economy and how likely are further increases in US interest over the rest of 2016.
