Good morning readers,

Inflationary data is due out today which will be key to the performance of Sterling on the last day of this week. The U.K has indeed seen some fairly positive data released of late which is why the Pound has performed reasonably well and a continuation to this at 09:30am this morning may lead to further strength.

Overnight we saw Chinese GDP data which came out slightly worse than expected (however still fairly positive) The performance of China is having a major effect on the Australian Dollar as China has been a major help in the solid performance of the Australian economy over the past few years… Should Chinese growth start to tumble I beleive we may see the AUD follow suit.