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The AUD remains high against the Pound Sterling.

Written by Sam Coxhead on August 10th, 2012.      0 comments

5:55 PM (NZT) This pair has had a very contained range for the week, as it consolidates at levels close to record AUD high levels against the GBP. Needless to say that current levels offer great value buying of GBP with Australian dollars.  The RBA are conceivably on the sidelines for an extended period now, so long as we do not see credit event play out in Europe. With this in mind the lead could well be driven by the murmurings and action of the BOE in the coming months. The UK will be the main focus next week with the inflation number, BOE monetary policy meeting minutes and retail sales numbers.
 
The current interbank midrate is:                                                            AUDGBP  .6751                    GBPAUD 1.4813                                                                                        
 
The interbank range so far this week to date has been:                 AUDGBP .6731 – .6795     GBPAUD 1.4717 – 1.4857
Topics: AUD GBP
 

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