020 7898 0500A mixed day for the dollar which made gains against the safe-haven Japanese yen but dropped against the euro and pound.
Donald Trump is pushing for aggressive tax reforms and his aides say he is willing to accept a slight increase in the deficit to boost growth. Lawmakers will have to agree to any tax changes, but their attention will first be on preventing a government shutdown which could commence this weekend.
Consumer confidence slipped in April although it still remains at high levels, The CCI registered 120.3 down from 124.9 in March, which was the highest reading in 16 years.
Data showed a surge in new US home sales to reach an eight-month high, suggesting underlying strength in the economy despite an apparent slowdown in growth in the first quarter.
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