020 7898 0500As expected the Fed increased US interest rates by 0.25% but also announced their aim to trim their balance sheet which has ballooned following the financial crisis and their programme of quantitative easing.
Earlier in the day, the GBP and USD pair extended after the post-UK jobs data recovery move and had jumped to fresh levels just below $1.28. In terms of data, yesterday saw poor data releases from the US in the form of the consumer price index and retail sales, both of which missed forecast figures by 0.1%.
Investors will be wondering if a move north of $1.30 is a possibility in the near future, though given the continued political uncertainty in the UK, it could move in the opposite direction.
Later today, we have the unemployment claims figure, which is expected to come in at 241,000.
