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GBP vs AUD currency overview for 17th October 2017
The Pound to Australian Dollar exchange rate advanced yesterday despite Brexit anxieties, as higher Fed rate hike bets and a stronger US Dollar kept the risky Australian Dollar under pressure.
Tuesday’s Asian session saw the Reserve Bank of Australia (RBA) publish its latest meeting minutes report, which didn’t give investors any surprising new guidance to digest. The bank put a stronger emphasis on denying speculation that it would be tightening monetary policy because other central banks in the US and Canada had done so, which weighed on the ‘Aussie’.
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/AUD exchange rates
GBP/AUD performance, 17th October 2017
This chart shows how the GBP is performing againt the Australian Dollar throughout the day.
The red line shows the opening exchange rate at the start of the day so that you can see if the current exchange rate is above, or below, yesterdays’ rate.
The GBP/AUD exchange rate (1.681) is lower than todays opening rate, so the Pound is weaker against the Australian Dollar compared to yesterday.
The long term chart at the top of this page shows how the GBP/AUD exchange rate has performed over the last few months.
GBP/AUD is scoring 67 (out of 100) on our trend strength indicator, which indicates that this currency pair is likely to be establishing a strong downwards trend.
Todays GBP/AUD exchange rate summary
Highest exchange rate today: 1.6918
Lowest exchange rate today: 1.6793
Opening exchange rate today: 1.6871
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.