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GBP/AUD Flat as Both Currencies Strengthen

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

GBP/AUD has traded within a fairly narrow range over the last 24 hours as both currencies have gained strength.

The pound has benefitted from better than expected unemployment numbers released yesterday morning, while the Aussie has strengthened after strong Chinese trade numbers and a general weakening of the US dollar, pushing the Aussie to a four-month high against its American counterpart. There are no data releases to note from either country today although a speech from Fed Chair, Janet Yellen, may cause some volatility in Aussie crosses this afternoon, owing to the often inverse relationship between AUD and USD. At the time of writing, GBP/AUD is sitting in the mid 1.67’s and AUD/EUR is trading in the mid 0.67’s.

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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