Last week’s major winner was the Euro as the main news was that the ECB is set to scale back their programme of Q.E in the future.
As such at the end of the week, we saw the Euro strengthen and steal some ground against both the Pound and the USD.
This week is a quiet week in terms of data from the Pound, however, that doesn’t mean we expect rates to stay flat.
On Tuesday we have the Spring budget report, and whilst typically budgets don’t really move currencies, given how flat rates have been for GBP/EUR this could see the market move.
However, it’s really the USD that takes centre stage this week as we see inflation data, retail sales and housing data released.
The Euro like the Pound has few releases of note however, we do have a speech from ECB President Mario Draghi on Wednesday and also most notably inflation data on Friday.
Full Report: http://www.currencyindex.co.uk/us-consumer-price-index-highlight-week/
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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.