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United States Dollar:
With a lack of data out, sterling’s movement was dictated primarily by the ECB. We did also see the UK Supreme Court comment following the government’s four-day appeal against the recent High-Court ruling. They are looking too come to a decision “as soon as possible,” with many expecting a decision in late January. Today sees the Goods Trade Balance expected to show a slight improvement.
Yesterday’s unemployment claims result came in as expected, and just as the pound, the greenback’s movement was primarily driven by the ECB. Today’s Prelim UoM Consumer Sentiment is also expected to show an increase from last month, however markets are going to be waiting for next week’s FED meeting, where a rate-hike is almost certainly on the cards.
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