It goes without saying that all eyes are on the Federal Reserve’s interest rate decision today, which will take place at 7pm. A 25 basis point cut is still widely expected, however, it’s unclear as to what Jerome Powell’s message will be surrounding future cuts.
The dollar has weakened slightly this morning against both the pound and the euro as the markets await the Fed’s rate cut.
In US-China trade news, President Trump reignited trade war fears with a flurry of tweets, causing the markets to fall across Europe. He suggested that China could even wait for the outcome of the 2020 election before striking a deal with the US.
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