020 7898 0500On Tuesday we saw the release of Building Permits, which remained static compared to the previous month, and down on the expectation. This however didn’t have too much impact on the market.
After another quiet day for the US in terms of data on Tuesday, investors will be looking forward to the all-important US Federal Reserve Interest Rate Decision and Statement this afternoon.
It is widely expected that the US Federal Reserve will keep rates on hold, but it is the comments in the Statement that follows that could potentially move the market. With another rate hike expected before the end of the year, any indication from the Statement that this could happen soon could potentially see US dollar strength.
For the latest rates and news on a wide range of currency pairings, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
