Foreign Exchange Daily Market Update 27/07/2017

Thu, July 27, 2017

Pound Rises To Highest Level In 10 Months

The FOMC confirmed belief that interest rates would be untouched – a decision that was solidified across the committee following its two-day meeting.

The Fed kept its benchmark lending rate in a target range of 1.00% - 1.25% which was forecasted, and said it was on track to persist the slow path of monetary tightening that has lifted rates by a percentage point since 2015.

In a statement following a two-day policy meeting, the U.S. central bank's rate-setting committee indicated the economy was growing moderately and job gains had been solid.

The Pound rose to its highest level against the Dollar in 10 months after the meeting rising to a high of 1.3149. The Pound was little changed against the Euro at 1.1202

Data to look out for today.

13:30: USD Durable Goods Orders

CURRENCY PAYMENTS MADE SIMPLE

PRESS RELEASE

KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html

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