The pound is slightly stronger against the dollar this morning after the conclusion of the Federal Reserve’s latest monetary policy meeting yesterday. As expected, monetary policy was unchanged and Fed Chair, Jerome Powell, said that “the economy is a long way” from its goals.
Also in the US yesterday, President Biden addressed Congress and laid out his new investment plan for jobs, education and social care. This will be funded by tax increases for corporations and the wealthy.
It’s a busy day for data releases in the Europe, with a series of sentiment figures for March due this morning. This data measures the confidence level amongst manufacturers and service providers in the Eurozone.
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