The pound Australian dollar exchange rate is 0.107% lower on the day with 1 GBP = 1.5071 AUD. The Australian dollar US dollar exchange rate is 0.170% higher with 1 AUD = 1.0601 USD. The euro Australian dollar exchange rate is 0.429% lower with 1 EUR = 1.3068 AUD. THe pound sterling strengthened against the Aussie dollar yesterday closing half a cent higher at 1.5060. We could see these gains reverse today. "Weaker than expected employment data from the Australian Bureau of Statistics contributed to a slight bucking of the recent Aussie strengthening trend. The potential plateauing of the number of employed persons could affect consumption and indicate a slowdown in the growth of the economy," says a note from UK money transfer company Caxton Fx. Indeed, the money transfer firm see the prospects for Aussie dollars intrinsically tied to the growth story in Asia and this, although with greater downside risks recently, could continue to drive the Aussie dollar to greater highs. Meanwhile the New Zealand dollar traded in a range of about 2 cents against yesterday and closed in the middle, approximately where it opened, at 1.9145. We expect this range to hold today. "Since the dizzying highs of 2 Kiwi dollars to the pound the former has been strengthening and looking to test 1.90. The long term trend suggests continued appreciation for the Kiwi, albeit a dramatic contraction of risk appetite could see it lose substantial ground," say Caxton Fx. With no data coming out of New Zealand today with biggest news to drive this pairing will probably be the UK PPI number relating to UK inflation. A bigger number than expected should weaken sterling as we do not expect the BOE to counteract and raise rates anytime soon.

Source