AUD anniversary weakness
Today’s data focuses on the US retail sales figures for last month – obviously a clear guide to how consumers view the economy, a positive figure could increase probability of the Fed announcing some degree of tapering at next Wednesdays policy meeting.
Released at 1:30 this afternoon and accompanied by some medium-significance jobs data, expect to see a shift in GBP/USD in the early afternoon. This will no doubt be compounded by the US waking up and coming online at the same time.
On the 30th anniversary of the free floating Australian Dollar we see a continued sell off – despite a poor few days for GBP we are back over the 1.81 mark (surprisingly close to where it was floated 30 years ago).