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AUD currency update: Much better than expected unemployment data

James Baxter - AUD currency update: Much better than expected unemployment dataJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD has fallen around half a percent over the last 24 hours after the publication of much better than expected unemployment data from Australia in the early hours of this morning.

The figures showed unemployment had dropped from 5.9% to 5.7% and the Australian currency strengthened as a result. Retail sales numbers from the UK this morning have the potential to cause some movement in sterling cross so we may be in for an interesting day for GBP/AUD.

At the time of writing, GBP/AUD is trading in the high 1.73’s and AUD/EUR is sitting in the high 0.66’s, unchanged over the last 24 hours.

GBP/AUD exchange rate graph

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James Baxter
Senior Currency Broker
T: 01442 892 062

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