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AUD currency update: GBP/AUD pushed back to the 1.61s

James Baxter - AUD currency update: GBP/AUD pushed back to the 1.61sJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD has risen modestly overnight as the pound has gained ground across the board. Worse than expected motor vehicle sales numbers from Australia this morning have weakened the Aussie slightly, pushing GBP/AUD back above 1.61.

Today could prove to be an interesting day on the currency markets as we have the Dutch elections and an interest rate decision from the Federal Reserve in the States, so we should expect some volatility in AUD crosses, owing to the inverse relationship between the Australian and US dollars.

At the time of writing, GBP/AUD is trading in the low 1.61’s and AUD/EUR is sitting in the low 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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