Live: The Pound / Australian Dollar Exchange Rate Chart


Live: The Pound / Australian Dollar Exchange Rate Chart - This is the spot market rate, for the best possible retail market quote please enquire with our partner here

Latest Pound to Australian Dollar Exchange Rate News

Australian Dollar | Latest Australian Dollar Exchange Rate News and Live Chart

British Pound Sterling: Currency loses ground against rampant AUD, NZD



The pound Australian dollar exchange rate is 1.460% lower with 1 GBP = 1.5255 AUD.

The pound New Zealand dollar exchange rate is 1.195% lower with 1 GBP = 1.9610 NZD.

"The Australian dollar continues to recoup ground against a vulnerable-looking pound, ahead of the RBA’s minutes," says foreign exchange rate dealer Richard Driver at CaxtonFx.


Advertisement - Article Continues Below

           



Last week saw some encouraging data from China and the US increase appetite for the Australian dollar, as well as developments in the eurozone.

Chinese GDP is announced in the coming overnight session; a slowdown is expected, which could weigh on the aussie slightly. The Reserve Bank of Australia’s meeting minutes are also released this evening. Interest rate cut concerns have been put on the back-burner for now, but the market will be looking for further clarity on this issue.

Meanwhile, the New Zealand dollar is trading very strongly as market sentiment continues to improve.

"The improved eurozone situation is triggering a rally in riskier assets such as the kiwi dollar. News that China is willing to make huge commitments to prop up the eurozone’s debt-ridden nations is also helping. The Nikkei closed 1.50% up last night, underlining appetite for the kiwi dollar," says Richard Driver.

GBP NZD is trading well below the 2.00 mark now at 1.9650. Risk appetite looks highly likely to continue to improve today, and sterling is therefore likely to remain out of favour.


Currency Services

custom charting

Copyright 2012: The Economy News Ltd - a company registered in England and Wales, Number: 7097773. Contact Us

Our Privacy Policy is Here

 
Terms: The news items and information on this publication are provided in good faith that they are correct. However, no representation or guarantees regarding the accuracy of this information is provided. Use at your own risk.

At no point does the information on Economy-News.co.uk constitute investment advice, perceived or otherwise. You should always seek the opinion of a qualified adviser, broker or analyst before risking your investments on the financial markets.


 

Subscribe

Google Analytics Alternative