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AUD currency update: GBP/AUD remains around the 1.74 mark

James Baxter - AUD currency update: GBP/AUD remains around the 1.74 markJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD has remained around the 1.74 mark over the last 24 hours as there were no data releases to note from either country yesterday.

The minutes from the Reserve Bank of Australia’s latest policy meeting, released this morning, have had little impact on the strength of the Australian currency as they contained no surprises.

Today could prove to be more interesting for the pound as we have the release of UK inflation numbers this morning, one of the more closely watched of the data releases. The figures are likely to cause some movement in sterling crosses so we could see some volatility in GBP/AUD.

At the time of writing, GBP/AUD is trading at 1.74 and AUD/EUR is sitting in the low 0.67’s.

GBP/AUD exchange rate graph

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James Baxter
Senior Currency Broker
T: 01442 892 062

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