US Dollar set for its biggest weekly advance in two months versus all major currencies after it was announced borrowing costs could start to rise.
The US dollar goes from strength to strength following Wednesday evenings Fed announcement. The dollar reached a two month high against the euro and has gained a whopping 180 points against the pound over the last couple of days..
There is no new data from the US today, but there are several Fed speakers. Forward guidance is likely to be the topic of discussion.
Today is another very quiet day for the UK surprise surprise although we do have the release of the UK February public finances although s unlikely to generate much interest.
This afternoon we have consumer confidence for the euro-zone and on Monday we have manufacturing figures which will be watched very closely.