020 7898 0500Further strength was seen for the US dollar against sterling yesterday, as the UK currency weakened as it has been in the run-up to the UK’s EU Referendum vote. With no data releases out during Wednesday, attention was focused on the minutes from the US Federal Reserve’s March meeting. These proved to be interesting reading highlighting the uncertainty and mixed views and thoughts of the committee members. This month’s meeting should be a lively affair and we shouldn’t rule out the possibility of a surprise 0.25% increase in US interest rates.
We can expect the weekly labour data today, with yet another stable figure being anticipated. Following this, we can look forward to Federal Reserve Chair Janet Yellen speaking. Investors will be looking out for more clarification regarding interest rate decisions.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
