Wrap: The calm before the Fed storm

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Summary

The Federal Reserve is set to raise rates but perhaps to pause afterward, given the slowdown. Speculation is rife also about the Fed's balance sheet. The ramifications of the decision will be felt for quite some time. We also have quite a few other movers, notably the pound and the Canadian dollar. After the FED, we have three additional rate decisions from the SNB, BOJ and the BOE. Hold on tight.

Watch full analysis: Live Europe Market: GBP recovering, CAD rally, USD, EUR, JPY steady ahead of the Fed