In this post and the posts that follow I want to provide members of PIA the good and the bad of whats happening that may affect exchange rates. So regular updates should continue at the end of this thread. My aim is not to make this too technical.
An interesting change today has had an affect on the exchange rates
Australian Private Capital Expenditure q/q was expected to go up by 1.1% instead it was -3.9% which has had a positive effect on the pound, in a small way but still significant
Private Capital Expenditure q/q is a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.
So watch this space, those of you with pounds I guess will want news to continue in this way for Australia.
Above is factual information and is not intended to be advice.
For financial advice please pm or call me.