020 7898 0500With minimal data out from the US, movement on Monday was seen to be driven by sterling. Today we can expect more of the same, with only Building Permits data due to be released from the US, which is expected to show a small increase on the previous month, for the second time in a row.
With a quiet start of the week expected, investors will be looking forward to Wednesday, when the US Federal Reserve’s Interest Rate decision is due. Also in the spotlight on Wednesday are the Federal Open Market Committee (FOMC)’s economic projections, statement and press conference.. It is widely expected that the central bank will keep its key interest rate on hold within its current range, but the statement that follows that could give clues as to when an interest rate hike could happen.
