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Pound Sterling to Australian Dollar (GBP/AUD) Exchange Rate – ‘Aussie’ firmer on data release

pound sterling to australian dollar exchange rate

The Australian Dollar managed to halt its decline and recovered some ground against the Pound and other peers after data released overnight showed that business investment in the country jumped.

The ‘Aussie’ halted its decline against the Pound, US Dollar and Euro, following the release of data which showed that capital spending in the country increased by 3.6% in the third quarter compared to 1.6% in the second quarter. The figure smashed economist forecasts which had predicted a decline of 1.2%.

The US Dollar meanwhile is unlikely to make much movement today and Friday due to the closure of US markets for the Thanksgiving holiday season.

The Reserve Bank of Australia is expected to continue talking down the currency as it regards it as ‘overvalued’ and today’s gains are expected to be short-lived with many investors predicting that the ‘Aussie’ will resume its downward decline next week and extend its fall to its biggest drop in five years.

Current Australian Dollar Exchange (AUD) Rates

The Australian Dollar/US Dollar Exchange Rate is currently in the region of: 0.9138

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The Australian Dollar/Euro Exchange Rate is currently in the region of: 0.6720

The Australian Dollar/Pound Sterling Exchange Rate is currently in the region of: 0.5595

The Australian Dollar/ New Zealand Dollar Exchange Rate is currently in the region of: 1.1196

The US Dollar/Australian Dollar Exchange Rate is currently in the region of: 1.0942

The Euro/Australian Dollar Exchange Rate is currently in the region of: 1.4879

The Pound Sterling /Australian Dollar Exchange Rate is currently in the region of: 1.7872

The New Zealand Dollar/Australian Dollar Exchange Rate is currently in the region of: 0.8931

Correct as of 11:00 am GMT