Dollar drops on seven month low in US consumer confidence

US consumers seem less upbeat - perhaps a delayed effect from October's partial government shutdown. That's seen the dollar slip against the pound.

Confidence is down from 72.4 (revised from 71.2) to 70.4. Economists had forecast an uptick to 72.9.

Amna Asaf of Capital Economics says that the decline "is a little disconcerting", but that "confidence hasn't been a very good indicator of consumption growth in recent years" and "improving fundamentals suggest that confidence should rebound soon."

Good news is that the jobs components is stronger, the plentiful indicator rose to 11.9 from 11.6.