GBPAUD data before the end of the week

Aussie data still to come focuses on Import and Export data plus some loose Inflationary data. Overall I expect the Aussie to remain reasonably well supported since the higher interest rate down under makes it an attractive currency to hold. The abundance of raw materials too keeps the Aussie supported as well. Perhaps most important this week is tomorrow night’s Federal Reserve Interest decision where we will learn of new news on the withdrawal of QE and also any planned interest rate hikes. This may affect the attitude towards the Aussie as a risky currency. Essentially a positive view on the global economy from the Fed should hepl the Aussie, any signs of uncertainty my cause AUD weakness…

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