As reported at 9:48 am (GMT) in London, the GBP/USD was trading lower at $1.4414, down 0.33%; the pair has ranged from $1.4375 to $1.4467 in today’s trading session. The GBP/EUR was lower at 0.7811 Pence, a gain of 0.25% for the Euro; that pair was trading within a band of 0.7789 Pence and 0.7825 Pence today.
Fed Officials to Offer Outlook
In a short trading week as a result of the holiday on Good Friday, markets will focus on further guidance for interest rate direction from officials of the U.S. Federal Reserve Bank. Recently, Richmond Fed President Jeffrey Lacker gave hawks reason for optimism with his upbeat comments on the divergence of the Fed monetary policy relative to other central banks. Later today, the president of the Atlanta branch of the Fed will be speaking and Chicago president Charles Evans will speak tomorrow.
