020 7898 0500The US GDP growth rate came in better than expected yesterday by posting 2.9% when 2.7% had been forecast by the markets. This is obviously positive news, but it is worth noting that the figure still represents a fall from 3.2% in the third quarter of 2017.
The dollar continued its positive move against the euro, sterling and a basket of other currencies as investors scrambled to rebalance their hedge ratios and get everything in place before the Easter break. It will be curious to see what happens to the dollar today.
Today we have the initial jobless claims up to 24 March and we will also see the final reading of the University of Michigan’s consumer sentiment. Next Monday, while the majority of us will be enjoying a Bank Holiday, the manufacturing purchasing managers’ index for March will be released in the US. It is expected to dip from 60.8 to 60.0.
