GBP v USD: Pound undermined by comments from American finance official
The GBP/USD exchange rate has dipped -0.2 per cent to US$1.354 after Mr Williams suggested that the Federal Reserve should hike interest rates three times in 2018, while claiming that President Donald Trump’s tax reform plans would give the economy a boost.
The virtually empty UK data calendar today means that Sterling will be left without much support against the US dollar’s advance, unless there are positive developments on the UK’s political front, particularly regarding Brexit.
Theresa May is today expected to carry out a Cabinet reshuffle; her biggest shakeup since the disastrous snap... read more
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