FX News

AUD/GBP Transfer

With a lack of meaningful data publishing the British Pound (GBP), Australian Dollar (AUD) cross has been affected mostly over the week by US Data ques. The GBP drifted lower off the open extending last week’s move s to 0.5240 (1.9090) before reversing on hotter than expected US inflation data reaching 0.5185 (1.9290). US inflation released higher than expected pushing risk flow currencies into the red as the USD rallied. Next week’s UK CPI y/y read should throw up volatility with predictions of a drop to 3.1% y/y from the current 3.4%. The pair is still trading in a bull trend from the low at 0.5110 (1.9570) early March.

The current interbank midrate is: AUDGBP 0.5206 GBPAUD 1.9208

The interbank range this week has been: AUDGBP 0.5184- 0.5237 GBPAUD 1.9093- 1.9288





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