GBP/AUD Rates Edging Towards 1.82 (Matthew Vassallo)

AUD to GBP Higher Ahead of UK Inflation Data

GBP/AUD rates are back through 1.81 following a positive move for the Pound today. The AUD had started to creep back and it seemed as if a move back under 1.80 was on the cards but once again negative news from Australia, coupled with the positive UK data already discussed, pushed GBP/AUD back above 1.81. By close of European trading rates were edging ever closer to 1.82 on the exchange and I wouldn’t be surprised if tomorrow’s data pushed the currency pair through this level.

Looking forward and overnight Reserve Bank of Australia (RBA) governor Glen Stevens is talking and we will also wake up to the latest set of Retail Sales figures, which if positive could help to support the AUD around its current level.

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