The dollar is steady this morning against both the pound and the dollar. This follows President Biden’s reappointment of Federal Reserve Chair Jerome Powell, which has solidified expectations of an interest rate hike next year.
The Federal Reserve will release the minutes from its latest meeting this evening. The markets will be listening for any news about the tapering of the Fed’s bond buying programme and whether this could accelerate over the coming months.
Before the minutes, there will be a series of data releases including personal spending figures.
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