FX News

AUD/GBP Transfer

Detrimental news out of China this week pulled back risk currencies of recent moves, the Australian Dollar (AUD) no exception coming off 0.5200 (1.9230) levels to make 0.5175 (1.9330) early Friday. To be fair on the Pound, UK manufacturing wasn’t exactly a bumper read helping the pull back in the GBP. Recent rate hikes doing the job of sparking a renewed downturn in business activity, the question remains – is it enough to deter the Bank of England (BoE) from raising rates again.?. Buying GBP may want to consider.

The current interbank midrate is: AUDGBP 0.5092    GBPAUD 1.9638

The interbank range this week has been: AUDGBP 0.5018- 0.5101    GBPAUD 1.9603- 1.9925

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