Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

AUD currency update: Higher than expected inflation figures from the UK weakens the pound

James Baxter - AUD currency update: Higher than expected inflation figures from the UK weakens the poundJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD fell around one cent yesterday after higher than expected inflation figures from the UK weakened the pound across the board.

The Aussie dollar has also weakened this morning as consumer confidence figures from Australia missed expectations, pushing GBP/AUD back up to where it was yesterday morning. Unemployment numbers coupled with average earnings figures from the UK this morning could cause some more volatility in sterling crosses, so we may be in for another choppy day on the currency markets.

At the time of writing, GBP/AUD is trading in the low 1.74’s and AUD/EUR has dropped into the high 0.66’s.

GBP/AUD exchange rate graph

If you need to buy or sell Australian dollars, or any other major currency, contact me today for a free, no obligation consultation. If you don’t have an account here at Foremost Currency Group click here to register for a free trading facility today.

To keep up to date with the Australian dollar, visit our AUD blog section on our website here.

To keep up to date with all our currency news, visit our Currency News section on our website here.

James Baxter
Senior Currency Broker
T: 01442 892 062

© Copyright 2013 to 2017 | Foremost Currency Group Ltd | All rights reserved