Click here for market leading GBP AUD exchange rates
GBP vs AUD currency overview for 25th February 2018The Pound to Australian Dollar exchange rate briefly dipped on Thursday, but on Friday morning the pairing continued to climb and hit its best level in over a week. Amid a lack of supportive factors in Australian Dollar trade this week, GBP/AUD looks on track to end the week higher.
Australia’s economic calendar will be relatively quiet next week too besides manufacturing stats due on Thursday, meaning GBP/AUD is more likely to react to Sterling movement, as well as risk-sentiment.
GBP vs AUD trend analysis for 25th February
Both the long term (green line) and recent trends (blue line) show that GBP-AUD is trending upwards.
As the Pound is generally strengthening against the AUD, this means that you should receive more Pounds for every Australian Dollar.
However, as the recent trend is now weaker than the long term trend, the exchange rates between the GBP and the AUD may be softening. Now may be a good time to buy Australian Dollars, depending on the exchange rates that you can achieve, but this weakening trend may indicate that exchange rates are starting to fall.
The overview update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/AUD exchange rates
This article is for information and educational purposes only and does not form a recommendation to invest or otherwise. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.