020 7898 0500The US dollar weakened further on Tuesday, thanks to sterling strength following a positive UK inflation release. Data releases covering Housing Starts and Building Permits failed to give the American currency a boost.
We can expect a busy day today, with the focus on the Inflation data release; this is expected to remain the same as the previous month, which may lead to calls to hold off on a rate increase due to inflation flat lining; however we can see further US Federal Reserve views following this release, with the meeting minutes due out later this evening.
