AUD currency update: More movement then expected

James Baxter - AUD currency update: More movement then expectedJames Baxter
Senior Currency Broker
T: 01442 892 062

There was a little more movement than expected for GBP/AUD yesterday as the pair rose over a percent to 1.85 at the close of business.

The movement was the result of Aussie weakness, rather than sterling strength, as the Australian currency took a tumble, along with other ‘riskier’ currencies, after the speech from Mario Draghi following the ECB’s interest rate announcement.

There are no significant data releases to note today, so we may see further Aussie weakness if yesterday’s move builds momentum.

GBP/AUD exchange rate graph

GBP/AUD exchange rate graph

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James Baxter
Senior Currency Broker
T: 01442 892 062