Friday, 13 February 2009

Aussie dollar trades mixed against sterling

The Australian dollar traded mixed against sterling yesterday, as rising risk aversion kept the dollar under pressure amid disappointment at the lack of details about the US bailout. Sterling remained limited after the Bank of England said it was ready to take unconventional monetary easing measures to revive the ailing economy. BoE Governor Mervyn King said the central bank would discuss the measure at its next rate-setting meeting in early March.

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