FX News

AUD/GBP Transfer:

The Bank of England remains firmly committed to stamping out inflation, which is the highest in all major Western economies. This has ensured that upward pressure on interest rates supports the GBP. The reserve currency is receiving support from US economic data, so that will balance British currency volatility.

Current Level: 0.5200 (1.9230)
Resistance: 0.5290 (1.8905)
Support: 0.5175 (1.9325)
Last Weeks Range: 0.5180-0.5260 (1.9305-1.9000)

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