Market Comment | Powell address reaffirmed the "patient" shift in Fed’s policy stance

Summary

Mild movements in markets with all eyes on Powell’s testimony at the US Senate today. With his remarks, Powell reaffirmed the Fed’s decision to shift to a “patient” policy stance. Meanwhile in Europe, the latest reports that pointed to May’s willingness to seek a delay in the deadline if her Brexit plan is not approved by mid-March, have boosted the GBP.

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