020 7898 0500The dollar had weakened against sterling throughout the day before Johnson announced his resignation. Then we saw sterling sliding very fast indeed.
Today is also a little quiet on the economic data front, but the rest of the week promises to be busier. Tomorrow we’ll see mortgage applications before Thursday’s inflation rate release. We’ll also see initial jobless claims up to 7 July 2018, before Friday’s University of Michigan consumer sentiment reading.
The markets will be watching Trump’s Twitter account for any comments on the trade war between the US and China. Both nations are currently embroiled in a tit-for-tat trade tariff battle.
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