All Eyes on The Fed'
Weak retail sales figures from Germany sparked a Euro sell off yesterday. Sales were down 1.6% on the month versus expectation of 0.2%.
Nationwide house price data released this morning is showing an average price rise of 1.3% for October, which is giving cable a little boost.
The Federal Reserve will today raise US interest rates by 0.25% to 4%. Another quarter point is already priced in for the December meeting.
GBP EUR - Support 1.4735 then 1.4645
Resistance 1.4780 then 1.4810
GBP USD - Support 1.7655 then 1.7600
Resistance 1.7820-25 then 1.7900-03
DATA: Nationwide House Prices (already released, +1.3% for October)
US ISM Manufacturing (3pm) - Expecting 56.0 Vs 59.4 last time.
FOMC Interest Rate announcement 21:15
Posted at: 10:02
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