AUD/GBP Transfer
The English Pound (GBP), Australian Dollar (AUD) hasn’t done a lot over the week sticking to around 0.4785 (2.0900) levels, behaving a little different to previous weeks moves. Australian first quarter GDP came in at 0.2% below estimates of 0.4% rallying the AUD from 0.4770 (2.0960) to this mornings 0.4805 (2.0810) level. This data has reinforced expectations of an RBA cut of 50 points at their July 8 meeting. UK Manufacturing improved the GBP slightly with output and new orders falling at the slowest pace since early 2025. Momentum is to the upside.
The current interbank midrate is: AUDGBP 0.4793 GBPAUD 2.0863
The interbank range this week has been: AUDGBP 0.4770- 0.4805 GBPAUD 2.0810- 2.0964
