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So a big Federal Reserve decision, a right hike, but I have never seen so much debate over a Federal

Reserve decision which involves such few changes to the monetary policy stance and even the

projections. Let's bring in Jane Foley from London,

Ram a bank head of FX strategy.

Jane, what was your takeaway on a hugely debated Federal Reserve decision

which really generated very little change at all? Well, that's certainly right right but I think what the market really is debating about right now is what's going to happen, say in the tail under 2019, what's going to happen in 2020?

I think that's what the largest amount of uncertainty is concerned. I mean already

surveys are suggesting that the UK or the US rather could go into recession in 2020.

Therefore there's still I think a lot of uncertainty about what would happen

perhaps in the second half of of 2019 so you sort of know what the

Fed has projected to do in in the say the next 12 months but beyond that I think there's a lot of uncertainty and I think that's really where the crux of the debate is.

And Jane what often comes with the Federal Reserve decision is the summary of economic projections and as you

...