020 7898 0500The dollar strengthened against the pound yesterday following comments from the BoE’s MPC member Michael Saunders. His insistence that UK interest rates needed to be raised urgently was not received confidently by the markets and sterling weakened on the back of the comments.
US weekly jobless claims held steady, with 236,000 last week. That was 1,000 more than the week before and was only a little below the 237,000 forecast by economists. As a result, there was little resultant movements in the dollar.
Today sees the release of the all-important US non-farms payrolls report. Economists are predicting that 180,000 were added this month, and it will be fascinating to see whether this comes above or below forecasts.
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