According to news reports, Prime Minister David Cameron and German Chancellor Angela Merkel have made progress in Britain’s renegotiation with the EU. The UK is to hold an in-out referendum on EU membership by the end of 2017 with the Prime Minister pledging to secure a better deal for the UK, and although there is still a long way to go in the negotiations there is a strong possibility that a deal is possible.
15:00 – USD – New Home Sales – expected to increase from 490K to 503K
19:00 – USD – Federal Funds Rate – expected to remain unchanged at 0.5%
19:00 – USD – FOMC Statement