Jeremy Stretch Market Quotations

The statement was a lot more forceful than the market was expecting and that has given Asian currencies a strong boost. Japan is going to have to tolerate a stronger currency, like the rest of the countries in the region.

Confidence in the housing market helps consumer spending. That'll be supportive for sterling and it's not going to play too well with the shorter end of the gilt curve.

The market is getting bulled up on the China angle once again and dollar/yen has followed that,

The U.S. economy is still powering ahead and that keeps the market firmly focused on the fact that the Fed has further to go. With yield spreads widening out again the dollar can keep rallying.

The market got ambitious in what they were expecting from the Fed. The fact that the statement mentioned energy costs having some impact on consumer spending led some to be a bit cautious on the future growth outlook.

The Fed is going to hike more than the market is anticipating. A crossover would inevitably put more pressure on the pound.