Australian Dollar Increases Against The Pound

Over night the Australian Dollar has increased against the pound due to the worst set of manufactoring figures coing out of China for almost 9 months. With the Aussie Dollar still being weak from the US minutes a day earlier, this made the pound a lot stronger and therefore we have seen a huge increase overnight.

We have seen some large profit taking, the biggest fall in US stocks in a month so that hurt the Aussie dollar, but it is being supported by a strong euro and quite strong gold price.

Pound To Australian Dollar - 1.5235
Euro to Australian Dollar - 1.2043
US Dollar to Australian Dollar - 0.9595

Bye For Now

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