FX News

AUD/GBP Transfer:

The British Pound (GBP) managed to clock another high against the Australian Dollar (AUD) mid last week of 0.5160 (1.9390) before dropping to around 0.5230 (1.9130) at the close of the week. This represents the lowest the pair has travelled since 3 May 2020. UK inflation is the key data to publish Wednesday and should reflect a softening theme. Certainly, this will give us clues how the BoE hike at their next meeting August 3rd. Aussie jobs numbers also publish Thursday with the unemployment rate expected to hold at 3.60%.

Current Level: 0.5213 (1.9182)
Resistance: 0.5410 (1.9340)
Support: 0.5170 (1.8485)
Last Weeks Range: 0.5157-0.5260 (1.9011-1.9390)

Previous ArticleNext Article