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Settling ahead of FOMC

FOREX

Fairly steady now in FX ahead of US FOMC

  • Dust settles, following earlier Dovish comments from ECB Knots.
  • As a reminder he is one if not the most Hawkish member, so cross assets did react,
  • USD leads versus SEK and NOK in G10, +0.38% and +0.32% respectively.
  • Cable is off the high, but the British Pound trades in the Green.

Recall today for the UK (all GMT)

  • 12.00: PMQs
  • 13.15; Matt Hancock Covid update
  • 14.25: Priti Patel on border

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