Fed unchanged on interest rates

A statement released by the FOMC stated that it expects to begin implementing its balance sheet normalisation programme soon.Traders are increasingly beginning to price in a hike for September or October.

As had been widely expected the central bank left core rates unchaged however a little statement regarding the weaker than expected inflation rate gave other currecnies impetos against the Dollar. The USD fell to fresh lows against the EUR with the cable rate up to year highs passing 1.3150 for the first time