Market insights

Pound Finds A New Level - MI260324

On the back of the interest rate decision and rhetoric from the Bank of England last week, the pound had a short term, tough run.

However in the last 24 hours rates seemed to have found a level and are now tracking sideways.

Today could see moves for the Dollar and the Australian Dollar.

First up there's the durable goods orders report from the US before Australian inflation data out early tomorrow.

For the latter analysts are expecting annualised growth of 3.5% which would be a slight uptick from last months 3.4%.

Business news is relatively thin on the ground. There's partial closure of a popular pizza chain in the UK and a continuance of questions around smart meter accuracy.

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Economic calendar

US: 12:30 Durable Goods Orders

AUS: Wednesday 00:30 Inflation Report

As ever we look forward to keeping you in the loop and look out for our next update.

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