The dollar was higher on Friday against most major pairs. The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single currency.
GBP/USD has started the week with solid gains. In Monday’s North American session, the pair is trading at 1.3022, up 0.40% on the day. On the release front, Services PMI dipped to 52.2, shy of the estimate of 53.4 points. In the U.S, ISM Non-Manufacturing PMI posted a strong gain of 60.3, above the estimate of 59.3 points.
Read our six-article series on what businesses need to know about a variety of global currencies in the second half of 2018. We focus on political, economic, and financial events that will affect these currencies. We cover the Canadian Dollar, Mexican Peso, Euro, Australian Dollar, Pound Sterling, and emerging markets.