020 7898 0500The US economic data flow continues to be positive as the November Chicago Manufacturing PMI increased sharply and Octobers personal income and pending home sales for October beat expectations. This saw the US dollar strengthen close to a 14 year high yesterday against a basket of key currencies. However sterling bucked the trend and strengthened against the US dollar.
Today we can look forward to a busy day, with Unemployment and Manufacturing data due. Forecasts are not expecting any large differences in the data, compared to the previous month. Alongside this data, investors will be keen to see what effects the current oil price movements may have on the US Dollar.
