The dollar remains weaker against the pound but has regained some strength against the euro in the aftermath of the Federal Reserve’s decision to raise interest rates for the first time since 2018.
Other data releases for the US revealed that building permits fell 1.9% month-on-month in February but housing starts increased 6.8%. The Philadelphia Fed Manufacturing Index rose to 27.4 in March, above market expectations of 15 and the highest reading since November.
Today, existing home sales figures will be released and several Fed officials will speak.
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