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Janet Yellen speaks in London. It is her first public appearance since the hawkish hike two weeks ago. Given falling inflation and mixed messages from Fed officials, some were asking: will the Fed really raise rates again?

This is not a prepared speech but rather a conversation. She is speaking on a wide variety of topics: models, banking, etc. There is no direct mention of inflation or the next rate hike at the time of writing.

Nevertheless, EUR/USD continues higher, reaching a new high of 1.1337. From here, the pair is not really going anywhere, just staying around the highs.

Markets have been on the move already earlier.