The Pound Australian Dollar rate is lower by 0.283% with 1 GBP = 1.6637 AUD at 10am.
The Pound New Zealand Dollar rate is lower by 0.521% with 1 GBP = 2.1312 NZD.
Australian Dollar FX rates
In trading this morning, the pound is drifting lower, though movement has been relatively slight.
Surprisingly strong data from Australia showing producer prices rising has given the aussie some support but direction is predominantly coming from broader market themes.
In line with its broad market gains yesterday, sterling climbed a cent against the aussie as risk aversion stung the higher-yielding currency.
The problems in the eurozone put pressure on the Australian dollar, with a lack of clarity over Greece and fears that troubles could spread to Portugal dampening risk appetite.
As well as strong housing data, signs of an outright Conservative win also enhanced demand for sterling.
New Zealand Dollar FX rates
At present the pair is trading around 2.1350 with the price little moved on the day.
The kiwi dollar gained for the third consecutive day against the pound yesterday, with the market encouraged about prospects for New Zealand's rate decision on Wednesday.
A an actual interest rate rise is not expected until later this year, but market players are expecting the Reserve Bank of New Zealand will comment positively on the economic recovery, and outline the need to move interest rates to comply with current conditions.
Rising global equity markets have also fuelled demand for the commodity-linked currency recently, though profit taking has slowed the kiwi's advance this morning.
