The GBP has performed relatively strongly over the last couple of months, trading around 0.5200, in the cross rate with the AUD. This is likely due to, the better-than-expected string of positive economic data releases, out of the UK. The Bank of England is likely to recommence rate cuts, as the latest CPI numbers has confirmed the battle against inflation may well be over. There may be some more downward pressure on the cross rate.
The current interbank midrate is: AUDGBP 0.5145 GBPAUD 1.9436
The interbank range this week has been: AUDGBP 0.5106- 0.5169 GBPAUD 1.9344- 1.9584