Pound Australian Dollar (GBP/AUD) Exchange Rate Steady as Australia's CPI Falls Below Forecasts
April 28, 2021 - Written by John Cameron GBP/AUD Exchange Rate Rangebound as Australian Economy Begins to Show Signs of Recovery The Pound Australian Dollar (GBP/AUD) exchange rate held steady today despite Australia’s latest consumer price index falling below forecasts of 0.9% to 0.6%. The pairing is currently fluctuating around AU$1.79. The Australian Dollar (AUD) rose despite the nation’s CPI falling well below the Reserve Bank of Australia’s (RBA) target. CommSec chief economist Craig James expressed confidence in Australia’s economy, however, saying: ‘The economy is recovering ...
Source: currencynews.co.uk