The Federal Reserve will make its monetary policy statement and announce the official rate on December 19, at 21:00 MT time.
British factories enjoy another three-decade maximum for orders
In December, UK factories enjoyed a three-decade maximum for orders, as a poll disclosed, contributing to indications that UK producers are riding high notwithstanding the Brexit-bound economy is still slow.
British factories have derived benefits from an economic revival elsewhere in the EU and beyond, and also from the dive in the value of the UK pound after the previous year's referendum decision to break up with the European Union.
On Monday, the Confederation of British Industry told that in December its industrial order book balance still kept to +17, which is its joint highest outcome since August 1988.
The poll’s gauge of export orders descended to +16 from November’s outcome of +20, which turned to be its best reading since 1995.
By the way, manufacturing accounts for no more 10% of the UK economy.
However, the Bank of England expects exports to soften the hit to overall surge from lower spending by UK customers affected by a soar in inflation provoked by sterling's dip.
Find out the main market movers for today and the reasons behind the risk-off sentiment!
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…