FX News

AUD/GBP Transfer:

The British Pound (GBP) sits around the weekly open at 0.5345 (1.8710) into Friday trading against the Australian Dollar (AUD) after reaching 0.5315 (1.8820) earlier in the week. The Pound held up reasonably well after Bank of England Bailey comments. The governor was out talking up stubborn inflation and the need to tighten policy. The long-term GBP rally is still intact, we predict the cross to push into low 1.80’s (0.5400) levels over the coming weeks. UK CPI Wednesday will be our focus.

The current interbank midrate is: AUDGBP 0.5342 GBPAUD 1.8719
The interbank range this week has been: AUDGBP 1.8644- 1.8817 GBPAUD 0.5314- 0.5363

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