020 7898 0500The dollar suffered some losses against the pound yesterday, following increased hopes that a Brexit deal will be reached before the deadline. It also lost some ground against the euro, to mark a bit of a poor showing for the greenback following an extended period of gains. Today we could see some further dollar movement as, in sharp contrast to yesterday, we have a busy schedule in America.
Indeed, it is a big day for the US today, with the inflation rate for September on the schedule. Inflationary pressures appear to have eased a little following the disappointing non-farm payrolls data, but as that data release is notoriously volatile, a significant revising upwards is not out of the question. Inflation is expected to have fallen to 2.4% in September from 2.7% the previous month, so investors will have their eyes trained on that.
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