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AUDGBP Lower as Sterling Gets a Growth Boost

My thoughts with regards the AUD depend very much on global confidence. With the yields offered by AUD much higher in comparison to many other currencies it is often regarded as an attractive investment during times of increased global confidence and should we see Greece offered its final bailout and Spain admit defeat and request a bailout form the European Central Bank, as I believe they will, then I personally think this will increase market confidence and a drive towards riskier assets seen. This in theory should benefit the AUD and potentially benefit those looking to sell Australian Dollars.

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