Markets Stay Firm Before US Fed Statement

Forex News

It is expected, that the US stock markets will continue to grow today. Stock markets grew on optimism regarding tax reform and sustainable corporate reports. An important event for the markets this week is the US Federal Reserve's decision on monetary policy. Markets do not expect any changes in the interest rate, and expect another rate hike in December. Investors estimate the probability of another rate increase this year at 96.2% compared with 91.3% last week.

The British pound is growing before the meeting of the Bank of England, which will be held tomorrow. It is expected, that the central bank of Great Britain will announce its first increase in rates in more than ten years. The activity of the manufacturing sector in the UK increased significantly in October. The PMI Manufacturing increased to 56.3, with a forecast of 55.8