Yesterday’s high: $1.3222
Yesterday’s low: $1.3165
Hurricane Concerns Weigh on USD
The US Dollar made minor losses against the Pound yesterday, closing daily trading in the region of 1.3200. There wasn’t a great deal of domestic data to refer to, with economists mainly focusing on the possible fallout of Hurricane Irma.
The Pound also rose against the US Dollar despite unrest about a vote on the EU repeal bill, which aims to transfer EU laws into UK laws. The bill has attracted controversy because, in the eyes of some, it would allow the Westminster government to ‘grab’ powers from devolved administrations.
UK Inflation in Focus ahead of BoE Policy Meeting
The US jobs opening report is the only domestic ecostat on the calendar today.
The UK’s inflation report for August, due out shortly, is likely to have a much more significant impact on GBP/USD. Inflation is forecast to increase on the month and year. This data will be considered relative to Thursday’s Bank of England (BoE) policy meeting.
09:30 UK Inflation Rate
15:00 US JOLTs Jobs Openings
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