020 7898 0500The US saw no significant data releases yesterday and the same is expected today . However, we did have Lael Brainard, an important member of the Federal Reserve committee who votes on interest rates, urge caution on the timing on when to raise interest rates citing doggedly low inflation as a key factor. This saw sterling receive a boost against the US dollar.
Investors will also be looking forward more towards the end of the week. Thursday sees a raft of data releases, including retail sales, inflation, manufacturing and unemployment data. The trend continues on Friday, where significant inflation and consumer sentiment data releases are expected.
Any deviations from forecasted data could cause upset in US dollar markets this week, as could unexpected news from outside of the US. Investors will be keeping an eye on the BoE interest rate announcement in the UK and ECB President Draghi’s speech in the Eurozone.
