020 7898 0500The dollar slid to its lowest mark against sterling for nine weeks as the pound’s positive move continued. The greenback also slid against the euro, as some strong unemployment claims’ data was released in the eurozone. More uncertainty over the Trump administration won’t help matters, with reports that the President is set to replace his State Secretary Rex Tillerson.
Initial jobless claims came in at 238,000 against an expectation of 236,000, while personal income came in at 0.4% against an expectation of 0.3%. Today’s major release comes in the form of the manufacturing PMI. It has been forecasted to dip slightly from 58.7 in October to 58.2 in November.
