Forex: Top FX Headlines: USD Uptrend Steady Before FOMC; GBP Risky Ahead of BOE: 11/1/17

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Date: 2017-11-01 11:03:51

– Fed funds are pricing in a 0% chance of a rate move today, which isn’t a surprise considering policy officials have all but explicitly said that the next hike is coming in December.
– Asymmetric risk exists for the British Pound around the BOE rate decision tomorrow, given the high degree to which a rate hike has been priced-in (89% per overnight index swaps).

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