FX News

AUD/GBP Transfer

Bank of England officials spoke of a drop to UK inflation and the likelihood of just one more hike to come in September during the week devaluing the Pound (GBP) from 0.5065 (1.9750) to 0.5130 (1.9490) into Friday trading. Tuesday’s RBA rate announcement came and went without fanfare, the RBA retaining their 4.10% interest rate. Australian GDP was also steady at 0.4% in the second quarter in line with estimates bringing back AUD buyers. Next week’s Aussie employment release is our focus, a handy barometer of inflation predictions.

The current interbank midrate is: AUDGBP 0.5112    GBPAUD 1.9561

The interbank range this week has been: AUDGBP 0.5064- 0.5138    GBPAUD 1.9462- 1.9746


Previous ArticleNext Article