Chinese Retail sales figures tonight to be key – Thinner trading levels and U.K unemployment out tomorrow! (Daniel Wright)

AUDGBP: Australian Dollar Weakens in Worst COVID-19 Day Yet

Tonight we see Chinese Industrial Production and Retail Sales figures released which may be the next key piece of economic data to impact on the Australian Dollar. General expectations are for a slight improvement in production and for Retails Sales to remain at 10.9% so any deviation to this may lead to quite a volatile Australian Dollar overnight.

If your currency of interest is Sterling against the Australian Dollar then you may be in for a fair bit of movement over the trading day in the U.K on Wednesday throughout the morning.

We have U.K unemployment figures out at 09:30am followed by Governor of the Bank of England Mark Carney speaking at 10:30am. The Bank of England mentioned last week that they will not be raising rates until 2017 which actually knocked the Pound down a little.

Importantly tomorrow you must realise that we have much thinner trading levels due to bank holidays in the States, Canada and France so there will be less money moving around and the general impact of economic data on the value of currency will no doubt be greater.

If you have a currency exchange to carry out involving buying or selling Australian Dollars in the near future and you want to make sure that you get the most for your money then it is well worth you contacting me directly.

I can generally get better rates than all major brokerages out there and even a slight saving on a large currency exchange can make a big difference. If you feel that I may be beneficial to you then feel free to email me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to help you personally.