020 7898 0500Sterling’s start to 2018 has been nothing short of remarkable when you think about how it performed against the dollar throughout 2017. So far this year, from top to bottom, there has been almost a 10-cent swing in the GBP/USD pairing. January has indeed been a volatile month.
Today’s releases come in the form of the Nationwide housing prices for January (both month-on-month and year-on-year), and the Markit manufacturing purchasing managers’ index for January. The figure is expected to creep up to 56.5 from 56.3 which would still represent strength.
Finally, tomorrow we will see the construction PMI which is expected to slip a little from 52.2 to 52.0.
