This week is going to be one that’s filled with economic developments. Here’s what you should be watching for:
On Tuesday, the investing world will watch as the Reserve Bank of Australia announces its decision with regard to interest rates. Because interest rates largely control movement in currency, this could be a game changer for the AUD. However, policymakers have cited that the RBA is expected to leave interest rates unchanged as it waits for signs of a gradual improvement in economic growth to play out.
On Thursday, we’re going to see some big news coming out of the UK. Over the past twelve months, industrial production in the UK appeared to be slowing down as raw materials became more expensive due to the pound’s weakness. All in all, the upcoming report is likely to make waves in the GBP as well as the British market as a whole.

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