The UK economy is back in black after GDP figures for January showed a slight improvement from December’s -0.1% printing at 0.2%. The signs are there that the economy may be improving out of the doldrums however the economy is still fragile needing to build on these numbers in the following months. The Australian Dollar (AUD), British Pound (GBP) cross hasn’t travelled outside of recent ranges this week – currently trading at 0.5160 (1.9370) after bouncing off last week’s high at 0.5185 (1.9280) midweek.
The current interbank midrate is: AUDGBP 0.5159 GBPAUD 1.9383
The interbank range this week has been: AUDGBP 0.5142- 0.5185 GBPAUD 1.9283- 1.9445