Last week was fairly quiet for the pound, with little data releases of note for investors to move on, while no further news from the Brexit negotiations, meant rates were range bound for most of the week. Sterling found some strength on Thursday showing some gains, ending the week in the 1.13's against the euro and pushing up towards the key 1.4 level against the USD.
Little occurred over the weekend to change sentiment so as Asian markets opened rates stayed fairly in line with where they finished up on Friday ahead of what is due to be a very busy week for the UK and global data releases.
Monday kicks off a two-day G20 meeting while on the data front it's actually pretty quiet apart from EU trade balance and a speech by one of the Fed members ahead of their interest rate-setting meeting later in the week. Overnight Monday the Reserve Bank of Australia releases the minutes from their most recent meeting where rates were held, which should give an insight into their future policy which has of late kept the dollar weak.
Full Report: https://www.currencyindex.co.uk/busy-week-uk-global-data-releases/
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Brokerage fee amount by transaction value 1.
Trade online and settle your trade to a CDIA or CommSec Margin Loan 2.
Trade online and settle into a bank account of your choice.
Share Trades over the Phone 3.
CommSec Share Packs online 4.
CommSec Share Packs over the phone 4.
Trades requiring settlement through a third party 6.
1 For GST rounding reasons, the final brokerage fee may vary from the stated or expected brokerage fee by a couple of cents.
4 Normal brokerage will apply when a stock acquired through CommSec Share Packs is subsequently sold.
5 Amount per share will be noted as brokerage on each confirmation issued. There will be no substitution should a stock have a trading halt placed on it.
6 Includes third party Margin Lending, and where the Commonwealth Bank exercises its rights under the loan Terms and Conditions.
Other fees may apply. Please see the CommSec Financial Services Guide.
Open a CommSec Share Trading Account.
Buy and sell shares using a CommSec Share Trading Account with our cash account - with it you can seamlessly settle trades, transact and earn interest.
Buy and sell shares using a CommSec Share Trading Account with your existing bank account.
Frequently asked questions.
Shares held with another broker.
For the transfer to be successful the name and address registered on your issuer holdings must match your CommSec account.
Your request will be completed within 72 hours.
Shares held with the share registry To transfer shares held with the share registry into your CommSec Trading Account you need to complete an Issuer Sponsored Holdings to CHESS Sponsorship Transfer Form.
Your request will be completed within approximately 48 to 72 hours of receipt.
When you have bought and sold shares on the same day and the next trading day, your payment may be partially or wholly offset. For more information refer to the New Client Guide.