All eyes were on the Federal Reserve’s press conference yesterday evening, which followed their latest monetary policy meeting. As expected, Fed officials voted to keep interest rates on hold and pledged to support the economy.
The statement said the rate would stay the same until officials are “confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.”
Sterling is still being driven by euro and dollar movements, but any news about Brexit or the economy could impact the pound. Meanwhile, the Eurozone kicked off a busy two days of data this morning with figures from Germany.
Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
