03.30 GMT. Feel free to email me (Daniel Wright) on and I will be more than happy to have a no obligation chat to discuss a pending transaction with you. The main releases in the week ahead for Pound Sterling are the PMI (Purchasing Manager Index) business surveys, which provide a timely and reliable gauge of levels of activity and growth in various different industry sectors. Manufacturing PMI is out.30 on Tuesday, April 3, and is forecast to slide.8 from.2; Services is out.30 on Thursday, April 5, and is forecast to fall.2 from.5; and Construction at the same time on Wednesday. We have seen a slight uplift in the value of the Pound against the Australian Dollar in the past week or so, this has been mainly down to apparent Brexit progress and the.K seemingly edging closer to an initial deal with the. Also out on Tuesday is the other main release for the week, the Roy Morgan Consumer Confidence gauge for March, although it is out.00. Credit Suisse and, commerzbank, although both banks differ markedly on where the Aussie currency will sit come year-end.
Indeed, the outlook appears to be clouded by a litany of domestic and international risks that will be as relevant as ever for the Aussie currency this year. Our technical studies suggest Sterling is at an guide to cryptocurrency trading coinb overall advantage over the New Zealand Dollar since the GBP/NZD exchange rate has broken out what is thought to be a triangle formation on the price charts (see below). To round off the week there is a speech from. An interest rate hike would lift the Pound by supporting inflows of capital from investors seeking somewhere profitable to park their money. This dynamic should therefore disadvantage the Australian Dollar.