020 7898 0500Trump has angered politicians from both sides following his refusal to reject Putin’s claim that Russia did not meddle in the 2016 presidential campaign. Many called him treasonous after he sided with Putin over his own intelligence agencies, but while some prominent Republicans did criticise him, most appear unwilling to engage in open conflict.
It makes for a fascinating run-up to midterm elections which will take place in November this year. That will be the first true litmus test of how the US public view Trump’s presidency, but the Putin debacle certainly won’t have helped his cause. Even staunch Trump supporters like those on Fox News turned on him (although many still managed to deflect from the issue at hand).
The dollar enjoyed a good day against sterling and the euro and made some healthy gains against the pound in particular. Industrial and manufacturing production figures were impressive and showed a healthy bounceback from the previous month’s readings. Today we will see further testimony from Fed Chair Powell, as well as building permits and housing starts.
