The US Federal Open Market Committee's latest two-day meeting kicks off today, with a decision on interest rates expected tomorrow evening UK time. Most market experts are predicting no move in rates, although the Fed is due to make one more hike before the end of the year if it is to stick to its own target of three hikes.
After the Bank of England's Monetary Policy Committee last week put the focus on the UK, and sent sterling rocketing after a more hawkish than expected outcome, this week all eyes will likely be on the US.
The two-day Federal Open Market Committee meeting, on Tuesday and Wednesday, could see the Federal Reserve unveil another hike in US interest rates. However, most market experts expect the policymakers to hold fire and retain the current 1-1.25%. Although consumer confidence is rising, inflation has remained subdued.