020 7898 0500Despite Trump’s tax reforms, the dollar had a pretty terrible start to 2018 as it suffered some significant weakening against the euro and sterling. However, it wasn’t all doom and gloom, as the Markit manufacturing PMI came in at 55.1 in December, from 53.9 in November. This is the strongest manufacturing growth since March 2015.
Today we have the ISM manufacturing PMI for December, which is expected to dip slightly from 58.2 in November to 58.1. We will also see the mortgage applications up to 29 December 2017 and there will be the release of the Federal Open Market Committee meeting minutes.
