020 7898 0500The general election in the UK will continue to dominate the headlines until Thursday, when former FBI Director James Comey is due to testify before the Senate. There is no telling what that could do to the dollar – it depends on what is said, but the world will be watching closely and so will we.
In terms of macro-data, the US economic data flow has a quiet week. The only release of note came out yesterday, as US non-manufacturing ISM was reported as 56.9, slightly below forecast and the previous month’s figure of 57.5. Investors were hoping for better, which would have resulted in a firmer pace of growth.
It remains to be seen whether the rate hike expectations will be solidified next week.
