The dollar begins the week stronger against both sterling and the euro.
Since the Federal Reserved the federal funds rate by 75 basis points in September, pushing America’s borrowing costs to their highest levels since 2008, policymakers anticipate ongoing increases in order to tackle soaring inflation. Today markets can expect two speeches from the US Federal Reserve. The first from head of the Chicago Fed, Charles Evans at 2pm UK time and the second from the Fed’s Vice Chair, Lael Brainard at 6:35pm this evening.
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