The pound is trading around the same levels against both the euro and the dollar this morning, despite positive economic data released yesterday. A survey which measures the health of the UK retail sector showed that retail sales volumes were viewed as ‘good’ for the first time this year.
The conclusion of the Federal Reserve’s two-day meeting will take place later today and the markets will be watching closely for comments from Fed Chair Jerome Powell. The dollar has strengthened slightly ahead of this.
President Biden will address a joint session of Congress for the first time today. He is expected to reflect on his first 100 days in office and outline his vision for the future.
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