Daily Alert: Thursday 12th October 2017

Mark NugentDaily Alert, Oct 2017

Forex Analysis for Thursday 12th October 2017

Yesterday saw the Minutes of the last Fed meeting. Key points:

  • One more rate increase this year is likely.
  • Further increases in 2018 are data dependent, and there is concern at persistent low inflation.
  • GDP will be lowered by hurricanes but will rebound by year end.

Spanish PM Rajoy gave the Catalan leader 5 days to clarify their position regarding independence.

Brexit negotiations are at a virtual political standstill, with no notable advances made in the fifth round of negotiations, according to several diplomats briefed on the discussions.

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