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AUD currency update: GBP/AUD falls following the reopening of the European markets

James Baxter - AUD currency update: GBP/AUD falls following the reopening of the European marketsJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD has fallen around half a cent this morning after European markets reopened following the weekend break.

The Australian dollar has strengthened over the last few days following the interest rate rise in the States last week. The Aussie often trades inversely with the US dollar and has strengthened as its American counterpart has weakened.

There are no significant data release today but tomorrow morning we have the release of the Reserve Bank of Australia’s minutes from their latest monetary policy meeting; likely to cause some movement in AUD crosses.

At the time of writing, GBP/AUD is sitting in the mid-1.60’s and AUD/EUR is trading in the high 0.71’s.

GBP/AUD exchange rate graph

GBP/AUD exchange rate graph

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James Baxter
Senior Currency Broker
T: 01442 892 062

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