020 7898 0500- Yesterday saw a much more encouraging start to the week for the Australian dollar as it gained nearly a cent on sterling. The aftermath of the central bank’s Monetary Policy meeting minutes was relatively positive as the board decided to leave the cash rate at 2%. Today is a busy one for Australia, with inflation data and a speech from Governor Stevens earlier.
- The Japanese Yen gained ground against sterling on the back of UK currency weakness and relatively good outcomes from the Japanese central bank’s Monetary Policy meeting. Although the economy is far from booming, there has been steady progress and 8 out of 9 members sought to maintain original guidelines for Japan’s economic policy. They will be hoping for more of the same upward trend for the rest of the week.
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