020 7898 0500Yet again the dollar had a fine day against the euro and sterling, though the moves were brought about from events outside of the US. Extremely disappointing economic growth
data from the eurozone made the euro slip, while continuing Brexit uncertainty caused the pound to tumble.
The only release of note from America yesterday was consumer confidence in October, which came in at 137.9 from 138.4 the previous month and some way above the 136.0 the
markets had been expecting. Meanwhile, in Trump-related news, the president blamed the midterms for the market sell-off. In a series of Tweets, the former reality television
star dished out some investment advice. The general consensus is that some of what he said has some truth in it, but the rest is typical bluster.
The only releases of note from the US today are the employment change figures for October and mortgage applications up to 26 October 2018. Tomorrow we will see the
manufacturing PMI reading for October and initial jobless claims.
