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Currency News - AUD

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)

GBP/AUD Exchange Rate Rallies amid Emerging Market Sell-Off

Written by Alastair Archbold on Monday, September 10, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8131 Last week’s low: AU$1.7788 Australian Dollar Hit by Emerging Market Fears The Pound Australian Dollar exchange rate surged higher last week as the ‘Aussie’ got caught up in a broad sell-off of emerging market currencies. However Sterling initially got off to a weak start as some lacklustre UK PMI readings and…(read more)

Brexit Speculation and Falling RBA Interest Rate Hike Bets Lead to GBP/AUD Surge

Written by Alastair Archbold on Monday, September 3, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7988 Last week’s low: AU$1.7511 Australian Dollar Plummets on Bearish RBA Bets and Risk-Aversion A week of bullishness for the Pound to Australian Dollar (GBP/AUD) exchange rate continued right through Friday, as a more appealing Pound easily capitalised against a slumping Australian Dollar. In the middle of the week, EU Chief Negotiator…(read more)

GBP/AUD Exchange Rate Benefits from Australia’s Political Musical Chairs

Written by Alastair Archbold on Tuesday, August 28, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7690 Last week’s low: AU$1.7401 Volatility as Australia Gets Fifth Prime Minister in Five Years Political turmoil dominated the mood towards the Australian Dollar last week as divisions within the governing Liberal party spilled over. Although Malcolm Turnbull succeeded in seeing off the first leadership challenge on Tuesday he was ultimately ousted…(read more)

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)

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