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AUD currency update: GBP/AUD has risen overnight

James Baxter - AUD currency update: GBP/AUD has risen overnightJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD has risen overnight as the pound has made modest gains across the board after Asian markets reopened following the weekend break.

Today could prove to be a quiet day on the markets as there are no scheduled data releases from any of the major economies. However, as has often been the case recently, political developments may cause some volatility in sterling crosses.

Tomorrow could prove to be an interesting day for the pound as we have the release of the latest inflation numbers. Inflation has risen sharply recently and if tomorrow’s numbers are above the expected then we may see sterling strength as an interest rate hike from the Bank of England becomes more likely.

At the time of writing, GBP/AUD is trading in the low 1.63’s and AUD/EUR has risen to 0.72.

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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