020 7898 0500The dollar found itself sliding against the pound for the first time in four days and it fared badly against the euro too. Although positive data from the eurozone was a significant factor, some disappointing unemployment data served to exacerbate the problem.
It had been expected that some 246,000 Americans would have filed for unemployment benefits in the first week of 2018, but the figure actually came in at 261,000. Analysts suggested that extremely harsh winter conditions could have been a significant factor – amazing really how much the weather has played a role in the economic performance of America over the last few months.
Today is a busy one for the US, as we will see the inflation rate released and, like the UK, the retail sales for December.
