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GBP/AUD Falls Further

James Baxter - Sterling Suffers After UK ElectionJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD has fallen further over the last 24 hours despite there being no significant data releases from either country.

The Aussie dollar has strengthened, along with the other commodity dollars, as investors favour risky assets over traditional safe-haven currencies, weakening the US dollar in the process. We could see a further strengthening of the Aussie today as there are no eco-stats scheduled for release from either country. At the time of writing, GBP/AUD is trading in the high 1.66’s and AUD/EUR has risen into the high 0.67’s, up marginally over the last 24 hours.

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

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