Federal Reserve Chair Janet Yellen spoke on Wednesday afternoon, and she'll speak again tonight. The good doctor sounded quite hawkish, as have other Fed officials who have spoken this week, such as San Francisco Fed President John Williams, and (former perma-dove) Governor Lael Brainard. In yesterday's address, the Fed Chair said that she, and most other officials at the central bank expected to "raise short term interest rates a few times a year through 2019".
Wednesday's session saw GBP/USD trend in the region of 1.2300 and was down around -0.7% on the day's open.
The European Central Bank said Thursday that it would leave all of its interest rates unchanged, a move that economists broadly expected following the central bank’s decision last month to extend its bond-buying program until at least the end of 2017.
Next trading day's important events
- USDJPY: 114.62
- EURUSD: 1.0669
- S&P 500: 2271.89
- NASDAQ : 5555.65