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AUD currency update: GBP/AUD takes a tumble after Brexit bill amendments are rejected

James Baxter - AUD currency update: GBP/AUD takes a tumble after Brexit bill amendments are rejectedJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD has tumbled overnight as the British parliament rejected amendments made to the Brexit bill by the House of Lords, paving the way for Theresa May to trigger Britain’s exit from the EU before the end of this month.

Nicola Sturgeon’s commitment to hold a second Scottish referendum on independence from the UK is also weighing heavily on the pound, pushing GBP/AUD into the mid 1.60’s, down around one cent over the last 24 hours.

There are no significant data releases to note from either country today so we may see a continuation of yesterday’s trend.

At the time of writing, AUD/EUR is sitting at around 0.71, unchanged over the last 24 hours.

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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