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Currency News - AUD

GBP/AUD Exchange Rate Fluctuates Wildly as Brexit Chaos Dampens Sterling Sentiment

Written by Alastair Archbold on Monday, November 19, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8058 Last week’s low: AU$1.7510 Pound Pummelled by Fallout from Brexit Draft Agreement The Pound Australian Dollar exchange rate was hit by heavy losses last week as opposition to a draft Brexit agreement saw Theresa May lose two of her key Cabinet members. These resignations were accompanied by speculation that May could…(read more)

GBP/AUD Exchange Rate under Pressure after RBA Raises Growth Forecasts

Written by Alastair Archbold on Monday, November 12, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8114 Last week’s low: AU$1.7954 Australian Dollar (AUD) Exchange Rates Shake Off Weak Construction Sector Data The continued contraction of the Australian construction sector failed to weigh the Australian Dollar down for long last week. As the Reserve Bank of Australia (RBA) revised its growth forecasts a little higher this prompted investors…(read more)

GBP/AUD Outlook: Will Services PMI Boost Pound Sterling?

Written by Alastair Archbold on Monday, November 5, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8146 Last week’s low: AU$1.7871 Pound Australian Dollar Losses Seen on Construction PMI There was noticeable GBP/AUD exchange rate volatility last week, ending with Pound losses against the Australian Dollar. Initial support from hopes for a speedy resolution to Brexit talks gave GBP a boost, but gloomy forecasts followed a late-week construction…(read more)

GBP/AUD Volatility Ahead on Autumn Budget Announcement

Written by Alastair Archbold on Monday, October 29, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8445 Last week’s low: AU$1. Higher Brexit Tensions Caused GBP/AUD Losses The Pound fell to a monthly low against the Australian Dollar last week, with growing fears about a no-deal Brexit result draining GBP trader confidence. News that the government intends to prepare for a no-deal Brexit in November rattled GBP traders,…(read more)

GBP/AUD Exchange Rate Loses Ground after Australian Unemployment Rate Surprise

Written by Alastair Archbold on Monday, October 22, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8560 Last week’s low: AU$1.8240 Australian Dollar (AUD) Exchange Rates Benefit From Lower Unemployment Rate Investors were caught off guard as Australia’s unemployment rate unexpectedly fell in September, easing from 5.3% to 5.0%. However, this sharp decline in unemployment was ultimately driven by a slump in the participation rate, meaning that fewer…(read more)

GBP/AUD Exchange Rate Rocked by Brexit Uncertainty, Stock Market Sell-Off

Written by Alastair Archbold on Monday, October 15, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8726 Last week’s low: AU$1.8426 Australian Dollar Undermined by Sudden Stock Market Drop The Pound Australian Dollar exchange rate was volatile last week, with rising commodity prices allowing AUD exchange rates to rise at the start of the session despite the UK currency being buoyed by hopes of an imminent Brexit deal…(read more)

GBP/AUD at Two-Year High on Brexit Optimism

Written by Alastair Archbold on Monday, October 8, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8492 Last week’s low: AU$1.8021 GBP/AUD Boosted by High Hopes for Brexit Deal The Pound rose to an over-two year high against the Australian Dollar last week, hitting the best exchange rate since June 2016. This appreciation was caused by renewed hopes for a Brexit deal in the coming weeks which would…(read more)

GBP/AUD Exchange Rate News: Choppy Ride for Sterling as Business Investment Disappoints

Written by Alastair Archbold on Monday, October 1, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8210 Last week’s low: AU$1.7903 Sturdy GDP Data Fails to Lift Pound against the Australian Dollar The Pound spent last week recovering many of its losses against the Australian Dollar but came under pressure on Friday, losing -0.5% over the day. The loss came despite UK Q2 GDP figures coming in on-forecast,…(read more)

GBP/AUD Exchange Rate Slumps as Brexit Talks Stall

Written by Alastair Archbold on Monday, September 24, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8396 Last week’s low: AU$1.7957 Brexit Impasse Weighs Heavily on GBP/AUD Exchange Rate Heading into the weekend the GBP/AUD exchange rate slumped sharply in response to a fresh breakdown in Brexit negotiations. As EU leaders rejected the Chequers proposals Theresa May announced that talks were now at an impasse, prompting the Pound…(read more)

Chance of Pound Sterling Gains on Higher Inflation

Written by Alastair Archbold on Monday, September 17, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8361 Last week’s low: AU$1.8115 GBP/AUD Recap: Volatility on Brexit Forecasts The Pound ultimately rose against the Australian Dollar last week, but there was significant GBP/AUD volatility due to some statements about Brexit. EU Chief Negotiator Michel Barnier triggered a GBP rally when he predicted concluding Brexit talks by November, while European…(read more)

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