Economic data out overnight that may move exchange rates

Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence
Daniel Wright

We have a few releases out overnight involving both Sterling and the Australian Dollar which may move to overnight volatility.

First and foremost we have Consumer Confidence data for the U.K which will show us just how much the positive economic data we have seen for the U.K over the past few months has rubbed off on general public approaches and opinion.

Should this come out as positive we may see the Pound gain value overnight however should it come out surprisingly negative then Sterling may be a lot weaker by the start of trading tomorrow morning.

Shortly after this we have a couple of data releases for Australia inclusive of inflation data and money supply. All eyes will more than likely turn towards next Tuesday for the RBA interest rate decision and any comments we may see after it regarding future economic policy and should there be any further comments on the currency being too strong may lead to further Australian Dollar weakness.

If you have a currency requirement involving wither buying or selling the Australian Dollar and you want to get the very best rate of exchange for it then feel free to contact me (Daniel Wright) directly by emailing me on [email protected] with a brief description of your requirements and a contact number and I will be more than happy to get in touch personally. I deal with bank to bank transfers and have saved thousands of clients money over using their bank or current choice of broker through this website.

I look forward to hearing from you.