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Currency News - AUD

GBP/AUD Turbulence Ahead on RBA Minutes

Written by Alastair Archbold on Monday, August 20, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7627 Last week’s low: AU$1.7453 GBP/AUD Exchange Rate Weakened by Persistent Brexit Fears The Pound rose against the Australian Dollar at the start of the previous week, but was unable to maintain these gains and closed trading on Friday below its opening rate on Monday. This deterioration was caused by recurrent fears…(read more)

GBP/AUD Recovers from Six-Month-Lows on Risk-Off Movement

Written by Michael Vaughan on Monday, August 13, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7586 Last week’s low: AU$1.7286 Australian Dollar Sold as Investors Seek Safer Currencies The Australian Dollar’s bullish run against the Pound, which lasted throughout most of June, ended last week as the Pound to Australian Dollar exchange rate rebounded slightly from its worst levels in over six months. For most of last…(read more)

Is GBP/AUD Exchange Rate Recovery ahead on UK GDP Data?

Written by Alastair Archbold on Monday, August 6, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7811 Last week’s low: AU$1.7602 BoE’s Brexit Warning Drags GBP/AUD Down The Pound fell to more than a two-week low against the Australian Dollar last week, following a series of cautious statements from the Bank of England (BoE). The BoE hiked interest rates from 0.5% to 0.75%, but Governor Mark Carney rattled…(read more)

GBP/AUD Exchange Rate Benefits From Weak Australian Inflation

Written by Alastair Archbold on Monday, July 30, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7792 Last week’s low: AU$1.7655 Underwhelming Inflation Dents Australian Dollar Weaker-than-expected second quarter consumer price index data saw the Australian Dollar slump sharply on Wednesday. Markets were disappointed to find that inflation had failed to advance on the quarter, holding steady at a rate of 0.4%. However, as global trade tensions showed…(read more)

GBP/AUD Losses ahead on Higher AU Inflation Rates?

Written by Alastair Archbold on Monday, July 23, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7872 Last week’s low: AU$1.7581 Lower BoE Rate Hike Odds Drag GBP/AUD down The Pound struggled in trading against the Australian Dollar last week, progressively declining due to negative UK economic data. UK ecostats showed that wage growth, inflation and retail sales were all slowing, which rattled GBP traders and led to…(read more)

GBP/AUD Exchange Rate Fluctuates on Trade Tensions, Brexit Uncertainty

Written by Alastair Archbold on Monday, July 16, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7937 Last week’s low: AU$1.7705 Australian Dollar Driven by Trade War Fears The Pound Australian Dollar exchange rate was marked by volatility last week, with both trade and Brexit uncertainty prompting major swings in the pairing. For the Australian Dollar a sharp escalation in trade tensions between the US and China dogged…(read more)

GBP/AUD Exchange Rate Fluctuates as Trade Tensions Mount

Written by Alastair Archbold on Monday, July 9, 2018. Sterling / AUD

Last week’s high: AU$1.7952 Last week’s low: AU$1.7792 Australian Dollar Rocked by Trade War Fears The Pound Australian Dollar exchange rate was met by volatility last week, with mounting concerns over US trade policy hurting the ‘Aussie’, and Sterling struggling in the face of growing Brexit uncertainty. In terms of data the Pound was supported…(read more)

UK PMIs in Focus for This Week’s GBP/AUD Movement

Written by Alastair Archbold on Monday, July 2, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7946 Last week’s low: AU$1.7741 GBP/AUD Drops to Two-Week Low on Slow Brexit Progress The GBP/AUD exchange rate rose early last week, but failed to maintain these gains and finished the week down. Brexit concerns were the main reason for Pound losses; EU leaders and Bank of England (BoE) officials warned that…(read more)

Weekly GBP/AUD Outlook: Is Turbulence ahead on UK GDP Data?

Written by James Baxter on Monday, June 25, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7976 Last week’s low: AU$1.7767 GBP/AUD Exchange Rate Boosted by August Interest Rate Hike Forecast The Pound to Australian Dollar exchange rate was volatile last week, despite GBP being boosted by a shift in the Bank of England’s (BoE) outlook. BoE policymaker Andy Haldane voted for higher interest rates at the monthly…(read more)

GBP/AUD Exchange Rate Advances on Mixed Australian Employment Figures

Written by James Baxter on Monday, June 18, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7795 Last week’s low: AU$1.7539 Australian Dollar Weakened by Labour Report The Pound Australian Dollar (GBP/AUD) exchange rate closed last week’s session up by over a cent, as the ‘Aussie’ slumped in the wake of some lacklustre domestic labour figures, which revealed a sharp drop in full-time employment. The ‘AUD exchange rate…(read more)

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