020 7898 0500The momentum for a weaker dollar seems to have dissipated as it moved sideways against sterling and strengthened against the euro.
The proposed fiscal stimulus – one of the key drivers for the dollar at the end of 2016 – is expected to boost the currency. Coupled with a cut in corporation tax as an incentive for US companies to repatriate their off-shore funds, this should help the dollar to strengthen, which isn’t good news for dollar buyers.
