Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

USD weekly currency update- 27 January 2017

By Daily Market Brief - Fri 27th Jan 2017

Politics, not economic data, shaped the fortunes of the dollar and the pound. In Westminster the government's reaction to the Supreme Court's ruling that parliament must approve the EU departure process was positive for sterling. Investors welcomed the promise of a white paper that should further clarify Downing Street's plans for Brexit and beyond. 

In the US pronouncements and executive orders of the new president were unhelpful to the dollar. His obsession with the numbers attending his inauguration worried investors, as did his readiness to quote "alternative facts" when the real ones don't suit. The prospect of a trade war with Mexico was another concern.

The dollar took a weekly loss of two cents to the pound. It was unchanged against the euro. Economic data played only a minor role. British retail sales for December were disappointing while growth in the fourth quarter of 2016 beat expectations. There were no important figures from the United States.

Comment on this Blog

 
Be the first to comment on this Blog !!

Recommended Items

More Blogs By Daily Market Brief