The rise in household prices in the UK, whose growth rates accelerated from 4.0% to 4.5%, nor data of retail sales in Europe, which accelerated from 2.3% to 3.7%, did not have an impact on investor sentiment. And it can change if the ECB decides to print money by the autumn of next year, and the Bank of Japan, it seems, will never stop the printing press. Meanwhile, the Bank of England raised the refinancing rate. However, until 2020, the maximum number of hikes that can be expected is only two. On the other hand, the Fed is determined to continue to tighten monetary policy. At least there is no reason to think that the plans will be revised, despite the prompt departure of Janet Yellen. Recent US data was not bad. The number of open vacancies increased from 6090 thousand to 6093 thousand, and consumer lending increased by $20.8 billion compared with $13.1 billion a month earlier.
Today, the calendar is completely empty, Therefore, given the general mood in the market, one should expect a sluggish strengthening of the dollar.
The euro/dollar pair will consolidate at 1.1575.
The pound/dollar pair has every chance to gain a foothold at 1.3125.
