020 7898 0500Brexit fears are bad for sterling but good for the dollar, which continues to climb higher against the pound. Yesterday the greenback hit its highest mark for almost a year and if a deal is not agreed between the UK and EU we can reasonably expect the dollar to climb even higher.
It is fairly quiet on the economic data front in the US today, although we will see mortgage applications up to 3 August tomorrow. On Thursday, we will see initial jobless claims up to 4 August. Friday is the headline day for the US, with the inflation rate for July on the schedule.
