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Forex: Tuesday's review
Higher consumer spending, along with business investment in equipment and software, point to U.S. growth this year of “pretty close to 4%,” Lacker said today in a speech in Newark, Delaware.
Fed Chairman Ben S. Bernanke testifies tomorrow at a hearing of the House Budget Committee.
Sterling dropped after the U.K. increased a levy on bank balance sheets.
UK data includes trade and also the latest Bank of England Quoted Rates data. The trade data is expected to be steady at -stg8.7 billion in Global Goods with Total Trade at -stg4.0 billion.
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