Today Will Be The Dullest Day On The Currency Markets Ever (Colm)

AUDGBP Braces for an Important Week of Data

With the US Independence Day bank holiday in the US and almost no data of note out today it has to be one of the dullest trading days ever.

Next week should prove a little more exciting with some consumer confidence surveys for Australia, and the US FOMC Minutes on Wednesday evening.  The Bank of England meet on Wednesday and announce on Thursday although not much is expected there.  With Chinese CPI out Wednesday morning, possibly serving as a barometer for demand of Aussie raw materials, and the FOMC Minutes that evening highlighting US Monetary Policy (and therefore the affect this may have on carry trades and the value of the Aussie), I anticipate Wednesday could be a busy day for Aussie buyers and sellers.

If you would like assistance transferring money from Australia, or want to send money Down Under, then feel free to get in touch by emailing [email protected] and I would be happy to explain how our services work.