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GBP/AUD Ends the Week Higher

Last week’s high: AU$1.7903

Last week’s low: AU$1.7617

Sterling Bounces Back from Worst Levels

After dipping in reaction to the UK’s latest employment figures, the GBP/AUD exchange rate managed to recover losses before the end of the week.

The Australian Dollar lost around 0.3% against the Pound on Friday, but still managed to hold its own against the New Zealand Dollar and Euro.

AUD Outlook: Aussie Could Gain on Manufacturing Strength

Next week is fairly quiet in terms of economic releases from Australia, with only the nation’s private sector credit and AiG Performance of Manufacturing Index set for publication.

A strong result could push the Australian Dollar higher, while any reduction in manufacturing output would reduce demand for the ‘Aussie’.

Risk appetite and any shifts in commodity prices could also have an impact on the currency.

Key Events

28th February

AUD Private Sector Credit

AUD AiG Performance of Manufacturing Index

1st March

AUD Private Capital Expenditure


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To keep up to date with the Australian Dollar, visit the AUD blog in our Currency News section.

James Baxter

Senior Currency Broker
T: 01442 892 062

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