020 7898 0500Impressive US GDP growth rate figures for the second quarter of 2018 did virtually nothing to EUR/USD movements yesterday. The US economy had been expected to have grown by a whopping 4% in Q2 but it actually came in at 4.2%.
Despite the extremely positive reading, the dollar barely moved following the release. It appears that the market is not currently being driven by economics and the focus is firmly trained on political events instead.
Today we have the personal income and spending figures for July, as well as initial jobless claims up to 25 August 2018. Employment figures have been impressive in America for a long time now and it is expected the trend will continue.
