There were more than the usual weekly number of Australian ecostats but none of them carried enough weight to have any real effect on the Aussie. The only really newsworthy item was the minutes of the Reserve Bank of Australia's policy meeting. Its wording left open the possibility of a further rate cut. Overall the Australian dollar was roughly unchanged, on average, against the other dozen most actively-traded currencies and it lost half a cent to the US dollar.

The Aussie did however strengthen by nearly six cents against sterling. After the prime minister declared that the process of Britain's departure from the EU would begin by the end of March the pound went into freefall. Its decline was exacerbated by a sharp downward spike on Thursday night. Investors paid not the slightest attention to the UK ecostats, all of which were actually quite good: all they cared about was the uncertainty ahead.