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AUD GBP pair sees a limited range this week.

Written by Sam Coxhead on December 6th, 2012.      0 comments

4:30 PM (NZT) This pair has seen relatively cointained price action for the week. The AUD initially saw some pressure following the weak retail sales numbers on Monday, but the post RBA recovery in demand for the AUD recovered that lost ground. Since then the pair has seen mostlyu directless trade aside from the small pick up in demand after today Australian employment numbers. The BOE meeting tonight should be of limited impact with no change on the cards. Next week sees the UK employment numbers the primary focus as the year starts to wind into an end. Current levels still offer reasonable levels of which to buy GBP with Australian dollars.
 
The current interbank midrate is:                                                  AUDGBP  .6504                            GBPAUD 1.5375 
                                                                                         
The interbank range so far this week to date has been:       AUDGBP .6465 - .6518              GBPAUD 1.5342 – 1.5468
 

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