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Currency News - AUD

GBP/AUD Decline Triggered by RBA Rate Hike Optimism

Written by James Baxter on Wednesday, November 22, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7599 Yesterday’s low: AU$1.7433 GBP/AUD Rate Turbulence Ahead The Pound struggled against the Australian Dollar yesterday as traders were alarmed when the UK borrowing deficit was reported to have risen by more than expected. The Australian Dollar, meanwhile, rallied thanks to Reserve Bank of Australia (RBA) news. While he was generally cautious, RBA…(read more)

Australian Dollar Drops after RBA Speech

Written by James Baxter on Tuesday, November 21, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7554 Yesterday’s low: AU$1.7448 GBP/AUD Close to 5-Month High The Pound to Australian Dollar (GBP/AUD) exchange rate remained close to a five-month high on Monday thanks to Brexit speculation. Rumours circulated about the government changing tact in Brexit talks and offering the EU more money for the ‘divorce bill’. While not officially confirmed,…(read more)

GBP/AUD Strikes New Six-Month High Following US Dollar Weakness

Written by James Baxter on Monday, November 20, 2017. Currency News - Sterling / AUD

Friday’s high: AU$1.7567 Friday’s low: AU$1.7390 Brexit Concerns Cuts Pound’s Gains The Pound climbed to a new six-month high against the Australian Dollar on Friday morning as the UK currency appeared to be the main benefactor from a sell-off of the US Dollar during the Asian session. However Sterling struggled to hold on to these…(read more)

GBP/AUD Strikes New Five-Month High as UK Retail Sales Return to Growth

Written by James Baxter on Friday, November 17, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7402 Yesterday’s low: AU$1.7314 Pound Bolstered by Retail Data The Pound advanced by around half a cent against the Australian Dollar on Thursday as the pairing was buoyed by a rebound in UK retail sales in October. Data published by the ONS showed that sales growth climbed to 0.1% last month after falling…(read more)

Australian Dollar Strengthened by Employment Data

Written by James Baxter on Thursday, November 16, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7393 Yesterday’s low: AU$1.7237 GBP/AUD Falls from Best Levels The Pound slipped from a two-week high against the Australian Dollar on Wednesday, with investors reacting poorly to the UK’s latest average earnings statistics as they revealed that the gap between wage growth and inflation remained significant in September. However GBP AUD rebounded by…(read more)

GBP/AUD Surges as Australian Wage Figures Miss

Written by James Baxter on Wednesday, November 15, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7233 Yesterday’s low: AU$1.7120 Sterling Volatility Following Inflation The Pound was up and down like a yo-yo against the Australian Dollar on Tuesday in the wake of the UK’s latest CPI figures as inflation held at a five-year high in October, with concerns growing over the financial burden that it is placing on…(read more)

Pound’s Recovery Short Lived as Australian Confidence Rises

Written by James Baxter on Tuesday, November 14, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7166 Yesterday’s low: AU$1.7075 GBP/AUD Volatile as Pressures Mount Against Theresa May The Pound slumped against the Australian Dollar on Monday in the wake of reports that rebel Conservative MPs may seek to hold a leadership contest after 40 Tories signed a letter of no confidence in Theresa May. The news did not…(read more)

GBP/AUD Mounts Recovery as Trade Deficit Narrows

Written by James Baxter on Monday, November 13, 2017. Currency News - Sterling / AUD

Friday’s high: AU$1.7245 Friday’s low: AU$1.7063 Sterling Surges Following Uptick in Growth The Pound rebounded sharply against the Australian Dollar on Friday as the UK currency was buoyed by a stronger than expected trade balance, with Britain’s trade deficit narrowing from £3.46bn to £2.75bn in September. Aiding Sterling’s startling recovery late last week was the…(read more)

Australian Dollar Softened by RBA Inflation Forecast

Written by James Baxter on Friday, November 10, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7126 Yesterday’s low: AU$1.7042 GBP/AUD Fluctuates Amid UK Political Uncertainty The Pound fluctuated against the Australian Dollar on Thursday in the wake of the political uncertainty prompted by the resignation of Priti Patel from her position as international development secretary. This was the second cabinet resignation within a week, leading to fears of…(read more)

GBP/AUD Plummets as Banks Warn of London Exodus

Written by James Baxter on Thursday, November 9, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7227 Yesterday’s low: AU$1.7034 Pound Tumbles as Banks Warn Jobs May Leave City of London The Pound slumped against the Australian Dollar on Wednesday as investors were unsettled by a report from the FT that revealed that many major US banks are planning to relocate staff outside of London due to the lack…(read more)

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