Chinese New year celebrations this week and Presidents Day on Monday may reduce activity but focus still remains on the effects following the global equity markets sell-off ten days ago. The USD fell sharply against major currencies last week, casting doubt amongst analysts about the path of rates in the US. We discuss the FOMC minutes to be released this week which may give more clues about the Federal Reserve’s thinking about the slight pick-up in inflation and likely path of interest rate under the new Chairman, Jerome Powell. We also discuss the second release of the UK’s GDP and a speech by Mark Carney.
