Breakfast this morning saw the UK release its monthly GDP report. Analysts were expecting a reading of -0.1%, so the off reading of -0.3% was a real negative.
This has caused an immediate softening in Sterling rates.
However, looking ahead things could shift significantly against the Dollar as the FED releases its interest rate decision later this evening. Analysts are expecting them to keep the rate at 5.5%.
At the same time there's the FED's monetary policy statement followed by a press conference shortly after.
Going into tonight eyes move to the Southern hemisphere. First out of the traps is New Zealand GDP before Australian unemployment in the early hours of tomorrow.
On the horizon for tomorrow is the UK's interest rate decision, so it's a news packed day or two ahead.
US: 19:00 Interest Rate Decision
US: 19:00 FED Monetary Policy Statement
US: 19:30 FOMC Press Conference
NZ: 21:45 GDP Numbers
AUS: Thursday 00:30 Unemployment Rate
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