London Open – Focus on ‘Yell’en - (14/10/2016)
Yellen takes center stage at a time when markets feel December rate hike is pretty much a done deal. Hence, it is essential to shed light on what Yellen could possible say with regards to rate hike, US economy and Fed’s independence and anticipate the effect on the financial markets.
In today’s London open show we discuss Yellen speech, along with forex market forecasts. Experts are of the opinion that Yellen could do a balancing act and that could aid an extremely oversold Sterling recovery some lost ground.