The pound Australian dollar exchange rate is 0.376% lower with 1 GBP = 1.5737 AUD. The pound New Zealand dollar exchange rate is 0.496% lower with 1 GBP = 1.9697 NZD. GBP AUD traded flat on the day as the good news from China continued to offset sparse risk appetite. "Talk from Chinese officials of allowing the Chinese yuan to appreciate and of intent to continue to diversify away from the US dollar is guarding against any further losses for the aussie dollar. Asian stocks remain distinctly shaky," says Richard Driver at Caxton Fx. Trading at 1.57, Caxton say we may see some further risk aversion this morning, and this afternoon’s US data will determine directions from there on. Pound to Australian dollar is actually where it started the week now, but the Australian dollar is hard pushed to make any significant gains over sterling amid the current uncertainty. New Zealand dolalr GBP NZD is struggling to make any sustained break away from the 1.97 mark in the absence of any major headlines. "We are still seeing major swings in the riskier currencies, but we have not seen any sustained injection of risk aversion or confidence in the last couple of sessions. Interestingly, the market is still pricing in a 0.25% interest rate rise from the Reserve Bank of New Zealand as soon as September, even despite the huge concerns surrounding global growth. Some are even expecting a 0.50% hike, which seems a risky policy," says Driver.

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