Federal Reserve meeting minutes as expected

The US dollar (USD) was relatively unmoved on Wednesday. Surprisingly it remained range bound against the pound (GBP), despite positive comments earlier in the week from Bank of England (BOE) Governor Mark Carney.

The Federal Reserve minutes released yesterday from their last meeting met expectations stating that another interest rate rise was imminent if inflation and employment continued to increase. Given the announcement met expectations the US dollar was unaffected.

Unemployment Claims and Crude Oil Inventories data is due out from the US today, no major moves are anticipated of the back of this.