FOMC Minutes: Fed to maintain positive stance to raise rates this year – NAB

FXStreet (Barcelona) - Emma Lawson, Senior Currency Strategist at National Australia Bank, previews the key events ahead in the US – FOMC Minutes and Fed Williams speech.

Key Quotes

“The US is modestly more interesting, with the minutes from the last FOMC minutes. That should explain the changes in the dot points, but mostly is expected to reiterate the line that the Fed expect to raise interest rates this year, but they are very data dependent. We get more from the Fed, with the Fed’s Williams speaking on the outlook for the economy. He is a voter and known moderate hawk.”

GBP/USD stays at 1-month lows

GBP/USD extended losses into a second day on Wednesday and scored fresh 1-month lows as the dollar benefited in a risk-off environment prevailing in financial markets.
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UK Budget: an economy strong enough to cope with austerity – ING

James Knightley, Senior Economist at ING, reviews the UK budget release, and further shares its implications on growth.
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