What will happen with Australian Interest Rates?

The fall in COVID cases throughout Oz has led to AUDGBP, AUDUSD and AUDEUR rate increasing throughout yesterday’s trading.

Tonight we see the announcement from the Reserve Bank of Australia as to whether or not there will be a change in interest rates. After consecutive cuts in November and December it is unlikely that there will be any change. Also GDP figures are out on Wednesday expected to show 0.7% for the December quarter. GBPAUD exchange rates currently at 1.4870.