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The AUD sees pressure from the GBP late this week.

Written by Sam Coxhead on November 16th, 2012.      0 comments

3:10 PM (NZT) This pair has had enough very mixed week within its recent range. The .6500 (1.5385) level remains the key in the short term. A break through this level opens up the way to further AUD weakness. The wider market risk aversion seen throughout the last few sessions helped the GBP take back its recently lost ground. Also aiding the cause for the GBP has been renewed demand for the EURO. These themes could well continue next week. With both the RBA and BOE releasing the minutes from their previous monetary policy meetings, expect the interest rate markets also to be on considerable influence. Those looking to buy GBP with AUD could do worse than the current levels, even given the move this week.
 
The current interbank midrate is:                                                  AUDGBP  .6513                           GBPAUD 1.5354
                                                                                         
The interbank range so far this week to date has been:       AUDGBP .6495 - .6584              GBPAUD 1.5188 - 1.5396
Topics: AUD GBP
 

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