020 7898 0500In direct contrast to the UK, the US GDP growth rate came in below expectations on Friday. Analysts had forecast 3% growth but the figure was actually 2.6%. Still, it wasn’t all doom and gloom as there were some positive elements to the release when studied further.
The week begins with the personal income and spending figures for December, while on Wednesday we will see the employment change for January. We will also see the Fed interest rate decision that day, although it is expected to remain at its current level of 1.5%.
Jobless claims come on Thursday, as well as manufacturing PMI for January. The week ends with the non-farm payrolls and unemployment rate. What all of these releases do to dollar strength or weakness will be fascinating to see and we’ll be watching closely.
