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September 2015

Pound weakens slightly this afternoon

Published: Monday 14 September 2015

It’s been a quiet day on the data front with the Pound slipping a little this afternoon, possibly due to Jeremy Corbyn’s victory but more likely sentiment towards the pound waning in light of a possible interest rate rise from the US Federal Reserve on Thursday. There are a lot of figures due this week including, crucially, UK Consumer Price Index (CPI) tomorrow. The minutes from the Royal Bank of Australia (RBA) September interest rate meeting are due tonight and if the RBA were more downbeat in their assessment of the Australian economy in light of China’s recent suffering then expect the Aussie to depreciate.