US Feds cuts back on the rates boosting the Dollar across the Board

Daily Update – 19th September 2019

Yesterday’s markets

• GBP Consumer Price Index
• Euro Consumer Price Index
• US FOMC Minutes & Interest Rate Decision

Yesterday’s explained

GBP Consumer Price Index resulted negative sending mixed message on Sterling Pound and followed by Euro Consumer Price Index indicated the Market is stalling and remained the same.

Finally US FOMC decided to cut back 25 basis points on their Interest Rate Decisions which boosted the Dollar against the Majors across the board.

 

Today’s markets

• GBP Interest Rate Decision & Bank of England Minutes
• US Initial Jobless Claims

Today’s explained

Firstly UK will release their Interest Rate Decision & Bank of England Minutes which will be key indicator on the current Economic conditions of UK and their future projections for the Next Quarter.

Finally to conclude the day US will release their Initial Jobless Claims report which provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.