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Currency News - AUD

GBP/AUD Fluctuates on Mixed Data

Written by James Baxter on Monday, February 19, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7801 Last week’s low: AU$1.7579 Sterling Rocked by Lacklustre Retail Sales The Pound against the Australian Dollar was hit by volatility last week following some mixed domestic data. While Sterling was able to find some fleeting gains from a stronger-than-expected inflation report, GBP fell on Friday as the UK’s retail sales missed…(read more)

Australian Dollar Softened by Underwhelming Labour Market Data

Written by Michael Vaughan on Friday, February 16, 2018. Currency News - Sterling / AUD

Pound News: Markets Relieved as Brexit ‘Punishment Clause’ Removed As EU officials reportedly agreed to remove the so-called ‘punishment clause’ from the draft proposal for the Brexit transition period the mood towards the Pound (GBP) improved. While a significant degree of uncertainty over Brexit remains this was not enough to prevent GBP exchange rates rallying…(read more)

GBP/AUD Fluctuates as Central Banks Discuss Monetary Policy

Written by James Baxter on Monday, February 12, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7830 Last week’s low: AU$1.7358 Brexit Uncertainty Rocks Sterling The Pound experienced volatility against the Australian Dollar last week as Brexit uncertainty played havoc with the UK currency. The heaviest blow to Sterling came right at the end of the week after the EU’s chief negotiator Michel Barnier suggested that a post-Brexit…(read more)

RBA Caution on Inflation Dents Australian Dollar Demand

Written by Jack Wiles on Wednesday, February 7, 2018. Currency News - Sterling / AUD

Pound News: Brexit Uncertainties Weigh on Sterling The high level of uncertainty that still surrounds the UK government’s approach to Brexit kept Pound (GBP) exchange rates under pressure on Tuesday. With markets concerned by the persistent lack of clarity over what the ultimate shape of the UK’s future relationship with the EU could be there…(read more)

GBP/AUD Jumps as Australian Inflation Disappoints

Written by James Baxter on Monday, February 5, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7830 Last week’s low: AU$1.7358 Australian Dollar Stumbles as Inflation Fails to Meet Expectations The Pound rallied against the Australian Dollar last week as Australia’s latest inflation reading missed expectations, only rising to 1.9% against forecasts of 2% in the fourth quarter. Combined with a significant contraction in building approvals in December,…(read more)

GBP/AUD Investors Anticipate Australian Inflation Report

Written by James Baxter on Monday, January 29, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7709 Last week’s low: AU$1.7313 Pound Ends Higher Against Australian Dollar on Strong UK Data While the Australian Dollar saw some support last week, and market risk-sentiment was decent, the Pound to Australian Dollar sustained notable gains of almost two cents last week, due mostly to Pound strength. Sterling was supported throughout…(read more)

Risk Appetite to Drive Australian Dollar

Written by James Baxter on Monday, January 22, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7394 Last week’s low: AU$1.7275 Pound Volatile on UK Inflation and Sales Stats Movement in the GBP/AUD exchange rate was primarily the result of UK data, with traders responding negatively to falling inflation and slowing retail sales. Primary concerns were that lower consumer price pressures could reduce the odds of a Bank…(read more)

Australian Dollar Higher after Sales Data, but GBP/AUD Rebounds

Written by James Baxter on Monday, January 15, 2018. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7322 Yesterday’s low: AU$1.7105 Late-Week Pound Rally Triggered by ‘Soft Brexit’ Hopes The GBP/AUD exchange rate fell for most of last week, with the pairing dropping by a further ½ cent after Australia’s retail sales figures smashed forecasts. However, GBP/AUD staged an impressive rebound on Friday, jumping by 1%. The Pound’s gains against…(read more)

Unimpressive Construction Growth Dents Australian Dollar (AUD) Exchange Rates

Written by Jack Wiles on Monday, January 8, 2018. Currency News - Sterling / AUD

Pound News: Halifax Points Towards Slowing UK Housing Market The Halifax house price data for December proved rather discouraging for Pound (GBP) exchange rates, with prices showing a surprise contraction on the month. While the ultimate impact of Theresa May’s much-anticipated cabinet reshuffle proved to be rather limited this was not enough to shore up…(read more)

GBP/AUD could Drop on Ballooning Trade Deficit

Written by James Baxter on Monday, January 8, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7412 Last week’s low: AU$1.7221 Surprise Trade Deficit Triggered Australian Dollar Losses The Pound ended last week trading up against the Australian Dollar, but UK domestic data wasn’t completely supportive. On the plus side, the UK services PMI showed higher-than-expected growth. Less helpfully, new car sales in 2017 declined overall. This was…(read more)

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