Though the high yielding aussie was under pressure at the end of last week, it posted gains against a broadly weaker pound

Sterling slipped over a cent against the aussie on Friday, giving up gains made earlier in the week, after weak borrowing figures undermined confidence in the UK economy.

• The aussie was broadly weaker on Friday as investors continued to take profits as global equities held their downward movement.
  
• However, the pound lost ground as sentiment toward the currency remained bearish following concern over rising debt levels in the UK.
  
• The Australian dollar is trading strongly again this morning, bringing the price back below 1.80, as gold rallies to a new high above $1165 per ounce.
  
• Analysts have also noted that the aussie's rise has been amplified as investors unwind bets on near-term weakness in the currency.