020 7898 0500There is a constant flow of data from the US this week which could see the US dollar make further gains especially given the low trading volumes expected in the holiday period.
The data that is being released, especially the Purchasing Manager Indices, are expected to show continuing expansion of the US economy which is all supportive of a US interest rate rise sooner than any likely increase here in the UK. And in turn this could keep pushing sterling to lows last seen in the middle of 2013 against the US dollar.
Please keep in contact with your trader over this period so that you don’t get caught out by any sudden and unexpected exchange movements.
