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GBP vs AUD currency overview for 23rd June 2017
Although GBP/AUD was marginally in negative territory, elsewhere it was the Australian Dollar that was weakening. The turbulence on the global crude oil markets was weighing on risk-appetite.
Weak oil prices will lower inflation across the globe, reducing the likelihood of central bankers hiking interest rates. This kept the risky ‘Aussie’ in low demand yesterday.
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GBP/AUD performance, 23rd June 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 (1.6755) is lower than todays opening rate, so the Pound is weaker against the Australian Dollar compared to yesterday. GBP/AUD is near the the low of the day, which could indicate that this exchange rate could go lower.
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 83 (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: 1.6842
Lowest exchange rate today: 1.6755
Opening exchange rate today: 1.6813
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.