020 7898 0500As I am sure you will have noticed, Brett Kavanaugh was voted on to the bench of the Supreme Court over the weekend. The votes in favour and against were almost exclusively on partisan lines, with the exception of Joe Manchin. A recent poll showed that 73% of Democrats believed Dr Ford, while 74% of Republicans believed Judge Kavanaugh, which serves to highlight how pretty much everything is now a partisan issue.
It will be interesting to see what the results of the midterm elections are.
The dollar had a good run against sterling and the euro yesterday, to continue a trend that has been going on for the last few months now. It remains to be seen what the next controversy in the US will be, but you can be sure it is only just around the corner.
On the schedule today is the NFIB business optimism index and consumer inflation expectations for September. Tomorrow we will see mortgage applications up to 5 October 2018 and on Thursday, the inflation rate for September will be released. It is expected to have dipped to 2.4% from 2.7% in the previous period.
