The U.K. economy will probably perform under trend again next year. The pound will fall early next year.

I don't think the market will push far before the Fed statement. If they remove the sentence implying some further measured tightening then the dollar is at risk.

It's difficult to argue against a stronger dollar. The Fed has clearly telegraphed it will continue raising the rate through the year.

The U.S. labor market continues to tighten and the implication is the Fed will need to raise rates. Anything above 250,000 jobs today and the dollar will continue to push higher.

The boom in western Canada's resource economy will help Canadian Pacific.

At present there is a probability of just under 70 percent of the Fed raising interest rates to 5.0 percent by May.