GBP/AUD Transfer
The cross rate between the Australian Dollar (AUD) and the Great British Pound (GBP) has traded between 0.4875 (2.0515) and 0.4955 (2.0180), working in tandem, and ignoring the plunging US Dollar. Markets have been dominated by fears over tariff wars and the war drums being beaten by the British PM. Defence and aid spending are on a sharp incline, and this will be funded by extended deficit and debt. The UK remain in a precarious economy position and appear to be on a downward spiral.
Current Level: 2.0354
Resistance: 2.0800
Support: 1.9890
Last Weeks Range: 2.0179 – 2.0514
