020 7898 0500The pound ended 2017 rather positively and its move showed no signs of abating yesterday as it pushed higher against the dollar. Despite Trump’s tax reforms passing, the City remained confident in sterling and it crept to its highest mark against the dollar for more than three months.
Manufacturing PMI came in slightly below forecast at 56.3 (it was expected to come in at 58), but the figure is still positive and, as the first data release to be made in 2018, it is a strong start. It will be interesting to see if this can continue with the only release from the UK today – construction PMI for December.
From To
