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Currency News - AUD

GBP/AUD Exchange Rate Rocked by Trade Uncertainty and Recession Fears

Written by Alastair Archbold on Monday, August 19, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.7933 Last week’s low: AU$1.7717 Global Recession Jitters Shake Markets The Pound to Australian Dollar exchange rate met with considerable volatility last week as concerns over trade and slowing global growth rocked market confidence. A barbed back and forth between the US and China spurred fluctuating risk-appetite throughout the session. The risk-sensitive…(read more)

GBP/AUD Exchange Rate Sees Dramatic Swings Following RBNZ Rate Cut

Written by Alastair Archbold on Monday, August 12, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8170 Last week’s low: AU$1.7768 RBNZ’s Aggressive Rate Cut Prompts Wild Swings in the Australian Dollar The Pound to Australian Dollar exchange rate traded in a wide range last week as the Reserve Bank of New Zealand’s (RBNZ) larger-than-expected rate cut shocked markets. The ‘Aussie’ dropped sharply mid-week amid speculation that this…(read more)

Reserve Bank of Australia Speculation and Trade Tensions Lead to Australian Dollar Slump

Written by Alastair Archbold on Monday, August 5, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.7931 Last week’s low: AU$1.7576 GBP/AUD Recovers Despite No-Deal Brexit Fears Dominating Sterling Last week saw  volatile movement in the Pound to Australian Dollar exchange rate. GBP/AUD plunged to its worst levels of 2019 at the start of the week in reaction to the rising odds of a no-deal Brexit. However, the…(read more)

GBP/AUD Exchange Rate Advances on RBA Rate Cut Speculation

Written by Alastair Archbold on Monday, July 29, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.7975 Last week’s low: AU$1.7676 RBA Rate Cut Expectations Undermined the Australian Dollar The Australian Dollar trended lower throughout last week’s session, with the main catalyst for ‘Aussie’ losses being rising expectations of a third rate cut from the Reserve Bank of Australia (RBA) later in the year. Fuelling this speculation were…(read more)

GBP/AUD Exchange Rate Strikes Six-Month Low on Brexit Malaise

Written by Alastair Archbold on Monday, July 22, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.7944 Last week’s low: AU$1.7648 Pound Plummets on No-Deal Brexit Fears The Pound plummeted to a new six-month low against the Australian Dollar last week as persistent Brexit uncertainty prompted a collapse in Sterling sentiment. GBP investors grew increasingly unnerved by the prospect of a no-deal Brexit last week as both Conservative…(read more)

Australian Dollar Fluctuates on Rising Fed Rate Cut Expectations

Written by Alastair Archbold on Monday, July 15, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.79001 Last week’s low: AU$1.8032 GBP/AUD Exchange Rate Volatile on No-Deal Brexit Fears The Pound traded in a wide range against the Australian Dollar last week in the face of growing Brexit jitters. Also influencing Sterling was the Bank of England’s latest financial stability report, with GBP investors welcoming the bank’s assessment…(read more)

GBP/AUD Exchange Rate Flat as Aussie Retail Sales Disappoint

Written by Alastair Archbold on Monday, July 8, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8166 Last week’s low:  AU$1.7859 Australian Dollar Flat as Investors Fret Over a Third RBA Rate Cut The Pound Australian Dollar exchange rate slumped at the start of the week following an agreement between US President Donald Trump and Chinese leader Xi Jinping to resume trade talks. On Tuesday, the Reserve Bank…(read more)

GBP/AUD Exchange Rate Slumps to Four-Month Low as Risk-On Mood Prevails

Written by Alastair Archbold on Monday, July 1, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8414 Last week’s low: AU$1.8067 Australian Dollar Boosted by Trade Optimism The Pound fell heavily against the Australian Dollar last week, as hopes of a trade truce between the US and China saw investors willing to make some bullish bets on AUD. The ‘Aussie’ was also supported by comments from the Reserve…(read more)

Australian Dollar Recovers from Worst Levels as Traders Bet on Delayed RBA Rate Cuts

Written by Alastair Archbold on Monday, June 24, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8413 Last week’s low: AU$1.8227 RBA Signals Limit GBP/AUD Potential Despite a lack of support for the Australian Dollar over the past week, and lingering bearishness around Australia’s economic activity, GBP/AUD failed to sustain its gains last week. This is because Pound demand was also weighed down by a combination of UK…(read more)

GBP/AUD Exchange Rate Rises as AU Unemployment Figures Disappoint

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8380 Last week’s low:  AU$1.8184 Australian Dollar Slumps on Disappointing Jobs Report On Tuesday, GBP/AUD rose as UK unemployment figures beat market expectations and remained at a 44-year low. Meanwhile, the ‘Aussie’ was left depressed as, despite the Reserve Bank of Australia (RBA) trying to lift the gloom by cutting interest rates,…(read more)

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