UK Unemployment gives Sterling a Boost (Tom Holian)

Australian Dollar to Pound Rate Continues to Remain in Monthly Range

Sterling is back trading above 1.83 again after the brief fall we saw yesterday.

The Office for National Statistics showed that UK unemployment has fallen between July and September to 1.96 million which is the 18th month in a row that the rate has fallen.

Average earnings growth is also just above inflation which is the first time since 2009. The current rate of inflation is 1.2% and earnings came in at 1.3%.

This has helped to strengthen the Pound against the Australian Dollar this morning and we are about to see the Quarterly Inflation Report due out at 1030 this morning.

If you would like to know what happens shortly after the report this morning and what impact it may have on GBPAUD exchange rates and have a currency transfer to make then contact me directly for a free quote. Tom Holian teh@currencies.co.uk