1st August 2012
The pound continues to struggle against the Australia dollar currencies as low UK interest rates still loom large over forex trading.
Yesterday (July 31st) the GBP:AUD exchange rate was 0.39 per cent lower on a daily basis, hovering around 1.4904, reports The Australian Dollar.
Investors continue to see the Aussie currency as one of the most sought-after in the world. It is expected to trade impressively while central banks on both sides of the Atlantic stall on monetary easing measures.
Building approvals data from down under was also much better than expect.
Meanwhile, sterling continues to trade at low levels against the New Zealand dollar, as it slipped a further 0.32 per cent yesterday to 1.9351.
Strong Kiwi business data held the currency, but news that manufacturing powerhouse China is looking to stimulate its own economy is fuelling further demand for both the AUD and NZD.
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