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Lack of Data Keeps GBP/AUD Range-bound

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

GBP/AUD has remained range-bound over the last 24 hours as there were no data releases to note from either country yesterday. Worse than expected home loans data from Australia in the early hours of this morning has had little impact on the strength of the Aussie dollar. There are no further eco-stats scheduled for release today. However, a speech from UK Prime Minister Theresa May may cause some movement in sterling pairs. At the time of writing, GBP/AUD is trading in the low 1.69’s and AUD/EUR is sitting in the high 0.66’s, up slightly over the last 24 hours.

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James Baxter
Senior Currency Broker
T: 01442 892 062

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