FX News

AUD/GBP Transfer

The Australian Dollar (AUD), British Pound (GBP) sits deep within recent ranges into Tuesday, falling back to 0.5240 (1.9080) off the open as markets await today’s RBA cash rate release. The Reserve Bank of Australia will keep their cash rate on hold later today at 4.35% with Governor Bullock remaining on alert about lingering inflation. She said recently these problems are localised not global. With recent PMI data showing a slowdown in the economy this should be reflected in the 3rd quarter data and 4th quarter CPI. We expect the Aussie to drift lower over the week.

The current interbank midrate is: AUDGBP 0.5240 GBPAUD 1.9083

The interbank range this week has been: AUDGBP 0.5238- 0.5271 GBPAUD 1.8971- 1.9090

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