Sterling finishes the week down vs. aussie

Last week ended with sterling losing 45 cents against the Australian dollar, as traders booked profits ahead of the weekend.

• Nevertheless, last week was very good for the pound as it gained nearly four cents against the Australian dollar as the recent cooling in commodity prices took its toll on the Aussie.
  
• Friday proved to be quiet for GBP/AUD trading as investors were wary of taking on too much risk – the pound was not helped as the FTSE 100 had a sluggish day.
  
• In early trading today, the pound is under broad selling pressure as equity markets remain under pressure. This week could prove to be volatile as key economic data is released out of America.