Pound Sterling Forecast

Good day to you on what is statistically meant to be the most miserable and depressing day of the year, I hope you are all holding up well!

The week ahead looks to be a reasonably interesting one yet again, with a flurry of employment and inflation data and Mervyn King speaking too.

Those with an interest in the Australian Dollar may wish to keep a keen eye on the Chinese GDP data out overnight, should this be poor then we could see a small dent back in the AUD, better than expected and we could see new record lows.

Tomorrow Inflation data is out for the U.K followed by a speech from hea of the Bank of England Mervyn King, He is becoming ever nororious for knocking the Pound back when all looks to be heading the right way and a mention of Quantitative Easing plans may well do exactly that.

Wednesday is unemployment information, personally I would be surprised with the number of cuts we have seen and small businesses seemingly disappearing if this data is good, we may have a hairy few days lined up for Sterling if this is the case.

Australian Unemployment and U.S inflation data steps up on Thursday, hearing from contacts over in Australia I wouldn’t be surprised to see the Australian Dollar lose ground and some poor data to come out as apparently all isn’t as rosy as the currency strength suggest over in AUS.

Retail Sales for the U.K round of the week, probably will be reasonable as in the run up the Christmas stores were absolutely rammed and the boxing daty sales certainly didn’t show any sign of a recession from what I  could see.

In short, I wouldn’t be surprised to see the Pound start off the week slowly and then climb back towards the end of the week, however there are plenty of surprises that ould pop up.

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