020 7898 0500The dollar didn’t have a great week against the pound last week and continues to tumble. It hit a ten-week low against sterling and the situation could worsen for the dollar if we see any particularly strong data from the UK; the recent movements are largely because of dollar weakness and some sterling strength would exacerbate the current situation.
The University of Michigan consumer sentiment was released on Friday and came in at 97.8 against an expectation of 100.5. The fall is said to be in part because of concerns about the potential impacts of Trump’s trade policies and how they could affect the US economy. Still, nothing is certain yet and there is still time to thrash out an agreement with China (and the rest of the world).
Today sees the release of the retail sales figures for March and tomorrow we will see the industrial and manufacturing production figures. On a monthly basis, industrial production is expected to climb by just 0.4% from 1.1% the month before.
