020 7898 0500The dollar weakened against the euro yesterday, but it did manage to make some gains against sterling following the release of disappointing UK retails sales data. There was yet more positive data from the US, as its job market showed itself to be robust. Only 222,000 members of the North American public filed new claims for unemployment benefit last week – the lowest figure since 1973.
Economists had predicted that the figure would fall to 240,000, so it is a fair bit stronger than what was expected. Still, this didn’t stop the dollar from weakening against the euro – a situation that could easily change if the situation between Spain and Catalonia is not resolved soon.
Today is extremely quiet on the data front, but after a fairly dramatic day yesterday, we’ve earned a breather.
