Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Trading conditions remained quite calm throughout Europe yesterday …
- Over in the US, the Fed policy was left unchanged at the policy meeting …
- The updated SEP looked somewhat hawkish, while markets expect 35bps of tightening by year end …
- The dollar firmed markedly with the firming of US rates …
- EUR/USD opens today near the $1.15 threshold …
- GBP/USD is operating at the $1.33 mark …
- EUR/GBP remains at the midpoint of the 86-87p band …
- Looking ahead to today, focus will be on the BoE policy decision …
- Rates are expected to be left on hold, although the MPC voting split will warrant attention …
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