Tuesday 10/12/2024
Daily Update 10/12/2024
Key Headlines:
- Will GBPEUR surpass its previous highs?
- GBPAUD returns to its 2024 peak levels.
Recap
Commodity currencies surged yesterday as Chinese stimulus measures lifted global risk sentiment. The improved outlook also supported GBP, with GBPEUR testing its 2024 high once again and GBPUSD aiming for fresh one-month highs.
Today’s Rates
Today's Interbank Rates at 09:38 am against GBP movement.
GBP>EUR – 1.2101
GBP>USD – 1.2745
EUR>GBP – 0.8262
EUR>USD – 1.0533
GBP>CAD – 1.8068
GBP>AUD – 1.9929
GBP>SEK – 13.949
GBP>AED – 4.6809
GBP>HKD – 9.9130
GBP>ZAR – 22.746
GBP>CHF – 1.1217
GBP>PLN – 5.1617
Today’s Key Takeaways
- The AUD is under pressure following a dovish Reserve Bank of Australia (RBA) meeting.
- The RBA kept rates steady at 4.35%, expressing confidence in inflation trending towards its target.
- GBPAUD has climbed back to its earlier 2024 highs.
- An empty economic calendar for the rest of the day suggests rangebound trading, except for GBPEUR.
- GBPEUR is trading near its 2024 peak, with the potential for an upside breakout.
10th December 2024
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