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Continued good buying of GBP with Australian dollars.

Written by Sam Coxhead on August 3rd, 2012.      0 comments

6:58 PM (NZT) The AUD has seen further appreciation this week against the Pound Sterling. The pair has moved back to levels that offer great value buying of GBP with AUD. The largest boost in demand for the AUD came after the stronger than expected retail sales numbers in Australia.  Next week sees the employment numbers and RBA monetary policy decision and statement loom larger. Expect no change to the cash rate, but the statement will be closely followed as usual. In the UK the focus comes from the BOE inflation report on Wednesday. This should give Governor King ample time to make his feelings known on the latest economic developments, including last week’s horrid GDP number.
 
The current interbank midrate is:                                                            AUDGBP  .6754                GBPAUD 1.4806                                                                                         
 
The interbank range so far this week to date has been:                 AUDGBP .6652 – .6751  GBPAUD 1.4812 - 1.5033
 
Topics: AUD GBP
 

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