020 7898 0500Yesterday marked Thanksgiving in the US with a public holiday. It is deemed to be a more important day than Christmas for our friends across the pond so the US dollar (USD) was understandably quiet. In such a thin market, there is opportunity for more volatility as trade numbers are massively down, but the USD took a back seat, taking direction from its currency crosses such as GBP and the EUR.
Today marks the start of the shopping frenzy we call ‘Black Friday.’ Not just an opportunity for the astute shopper to pick up a bargain or three, economists will also watch these days closely for retail activity. This will filter down to interesting statistics around consumer spending and confidence ahead of Christmas, and give some indication of how buoyant the market currently is. Happy Black Friday!
