020 7898 0500It was a mixed day on Monday in terms of US data, with the ISM Manufacturing Purchasing Managers’ Index (PMI) coming out better than expected and posting growth compared to the contraction we saw the month before. Construction spending, however, took a sharp drop against the forecast of positive growth for the first time in five months. Despite this data, the US dollar managed to strengthen due to sterling weakness.
With no data due for release today, attention will turn the employment indicators on Wednesday and Thursday leading up to the significant non-farm employment change release on Friday.
