XE Market Analysis: British Pound Stable as Article 50 Triggered

OVERVIEW A source at the ECB said that March’s message of reducing their stimulus was “way over-interpreted”.  Ian McCafferty from the BoE played down suggestions that he would follow Kristen Forbes lead and start voting for a rate hike. UK consumer borrowing slowed less than expected in February, rising £1.44bn versus forecasts of £1.3bn. The Fed’s vice chairman Stanley Fischer said that he sees a further two rate hikes this year.  U.S. pending home sales surged 5.5% in February to a 10-month high.

Source: XE news feed
XE Market Analysis: British Pound Stable as Article 50 Triggered