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The AUD loses ground to the Pound Sterling.

Written by Sam Coxhead on August 24th, 2012.      0 comments

6:32 PM (NZT) The AUD has seen some decent pressure from the Pound Sterling this week. The GBP demand has been predominantly driven by the lead provided by the resurgent EURO. The AUD also added to the mix with some underperformance following the news of  the paring back of mining investment, and the repeatedly weak Chinese manufacturing numbers. Current levels are close to the crucial AUD support at .6550 (1.5270) and around this level provides the next test for the pair. Even current levels may prove to have offered good value buying of GBP with AUD if the current price action continues.
 
The current interbank midrate is:                                                            AUDGBP  .6571                   GBPAUD 1.5218                                                                                        
 
The interbank range so far this week to date has been:                 AUDGBP .6568 – 6677     GBPAUD 1.4977 – 1.5225
Topics: AUD GBP
 

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