020 7898 0500The main release of the day was the US balance of trade. The dollar had started the day weakening against sterling, but then climbed higher as the morning progressed. In the early afternoon, the balance of trade figures were released and showed that the gap increased to $53.1 billion in December from $50.4 billion in November. The greenback promptly fell back once more on a typically volatile day.
The recent moves between the pairing have been rather remarkable and it will be fascinating to see where future movements head.
Today is fairly quiet, but we will see mortgage applications up to 2 February 2018. Tomorrow sees the release of the initial jobless claims.
