EN:British Pound Sterling: Currency continues to lose out to AUD, EUR as risk transition continues
The pound euro exchange rate is 0.547% lower on the day with 1 GBP = 1.1384 EUR at 9AM in London.
The pound US dollar exchange rate is 0.451% higher with 1 GBP = 1.5814 USD.
The pound Australian dollar exchange rate is 1.230% lower with 1 GBP = 1.5291 AUD.
This morning it is risk sentiment that is driving the currency markets. The more conservative British Pound is losing out to the more volatile and high yielding currencies such as the Australian dollar.
