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Relatively quiet week for the Sterling vs the AUD.

Written by Sam Coxhead on June 22nd, 2012.      0 comments

4:46 PM (NZT) This pair has seen a relatively small range this week. The AUD saw initial appreciation driven by dual factors of less “dovish “ monetary policy meeting minutes from the RBA, and increasing expectations of further QE from the FED. The FED did not increase the QE program at their meeting, and the stronger than  expected UK retail sales numbers were released. These factors have seen the GBP take back almost all of the ground it lost earlier in the week.  In the short term further downside for the AUD can’t be ruled out. Current levels are close to middle of the range seen in the last 12months.
 
The current interbank midrate is:                                                            AUDGBP  .6442                     GBPAUD 1.5523                                                                          
 
The interbank range so far this week to date has been:                 AUDGBP .6407 – .6502       GBPAUD 1.5380 – 1.5608
Topics: GBP AUD
 

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