FED decision as expected and market does little to react. Euro zone consumer confidence figures the focus this morning (Mike Vaughan)

Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

Following the FEDs decision to continue with its tapering of QE the market has done little to react as this was expected. This brings the focus this morning to Euro Zone consumer confidence figures which are expected to show a solid improvement and could lend support to the Euro this morning. This release is scheduled for 10:00.

To finish off the week for GBP/EUR Friday is relatively quiet day from the pounds point of view but watch out for inflation figures from Europe at 10:00 along with unemployment data. Unemployment is expected to stay at 12.1% but any deviation from this and expect volatility for Euro exchange rates.

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