020 7898 0500The US dollar strengthened against most currencies, following the US Labour Department’s announcement that jobless claims are the lowest in decade and the rate of home building increased by more than expected. The dollar fell slightly against the pound, however, and against the euro it strengthened briefly before fading away.
Today the market is expected to be slow as the country watches the Trump inauguration. The reality is now here and the market “euphoria” that greeted his election seems to have plateaued and may have even peaked. The next 100 days are always key for an incoming President and I am sure the first 100 days of the Trump presidency especially so as he has no political record having never held any type of political office before – he is a complete political unknown!
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