The dollar is strong against the pound this morning and choppy against the euro. Sterling’s weakness has helped the greenback, which is anticipating The Federal Open Market Committee’s (FOMC) two-day policy meeting on Tuesday.
The markets have predicted that there will be at least two rate cuts by the end of the year, due to trade tensions and economic slowdown.
In trade war news, the US has said that there will be ‘consequences’ if China reject their invitation to continue talks at the G-20 summit at the end of the month.
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