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Currency News - AUD

GBP/AUD Exchange Rate Slumps as Australian Consumer Confidence Improves

Written by Alastair Archbold on Monday, February 18, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.2971 Last week’s low:  AU$1.2776   Australian Dollar Rises as Consumer Confidence Unexpectedly Rebounds Last week saw the Pound Australian Dollar (GBP/AUD) exchange rate weaken, as concerns over Brexit once again came to the fore, while Australian consumer confidence picked up. In the UK, GDP growth was revealed to have hit a…(read more)

GBP/AUD Exchange Rate Soars as RBA Confirms Rate Cuts on the Table

Written by Alastair Archbold on Monday, February 11, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8330 Last week’s low: AU$1.7875   Australian Dollar Falters on RBA Rate Cut Concerns The Pound Australian Dollar exchange rate rocketed higher last week after Reserve Bank of Australia (RBA) Governor Philip Lowe suggested that the next move in interest rates is ‘evenly balanced’ between a hike and a cut. This erased…(read more)

GBP/AUD Exchange Rate Hit by Political Uncertainties despite Risk-Off

Written by Alastair Archbold on Monday, February 4, 2019. Currency News - Sterling / AUD

  Last week’s high: A$1.8435 Last week’s low: A$1.7944   Pound Slumps as No-Deal Brexit Fears are Reignited The Pound to Australian Dollar exchange rate fell markedly last week as Sterling was hammered by fears that a no-deal Brexit was becoming increasingly likely following the vote in the House of Commons in which MPs approved…(read more)

Pound Slips off Three-Month High vs Australian Dollar as Brexit Dominates

Written by Alastair Archbold on Monday, January 28, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8506 Last week’s low: AU$1.7935   Brexit Speculation Boosts GBP/AUD Exchange Rate to Three-Month High Speculation over Brexit saw the GBP/AUD exchange rate climb sharply over the course of the week, hitting its highest level since October 2018. As investors saw the odds of a no-deal Brexit declining, in spite of the…(read more)

GBP/AUD Volatility Possible as May Prepares Brexit ‘Plan B’

Written by Alastair Archbold on Monday, January 21, 2019. Currency News - Sterling / AUD

Last week’s high: $1.8097 Last week’s low: $1.7680   Australian Dollar Rises against Pound Wracked by Brexit Uncertainty The Pound Australian Dollar exchange rate fluctuated last week, in the face of heightened Brexit volatility and falling inflation data. The first half of the session was marked by a weakening of the Australian Dollar after poor…(read more)

GBP/AUD Exchange Rate Slumps as US-China Trade Tensions Ease

Written by Alastair Archbold on Monday, January 14, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.7929 Last week’s low: AU$1.7619   Australian Dollar Bolstered by Trade Optimism, Fed Rate Speculation The Pound Australian Dollar exchange rate fell back last week, amid a notable upswing in market risk appetite. This was driven by a mixture of easing trade tensions on signs that US-China talks were progressing at a…(read more)

Pound Loses Ground to Australian Dollar thanks to Underwhelming UK PMIs

Written by Alastair Archbold on Monday, January 7, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8290 Last week’s low: AU$1.7889 Mixed UK PMIs Prompt GBP/AUD Exchange Rate Volatility December’s set of UK PMIs proved rather mixed last week, with deterioration in the manufacturing and construction sectors contrasted by a rebound in services. However, the uptick in the services PMI was not enough to give the GBP/AUD exchange…(read more)

GBP/AUD Trends Near Monthly Highs amid Risk-Aversion

Written by Alastair Archbold on Monday, December 24, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7892 Last week’s low: AU$1.7523 Federal Reserve Jitters Lead to Weakness in Risky Australian Dollar Uncertainty about how the Brexit process will unfold didn’t prevent the Pound from climbing versus a weaker Australian Dollar last week. The reality that 2018 would come to an end without any real clarity over Brexit limited…(read more)

Brexit Fears Limit GBP/AUD Recovery despite Market Risk-Aversion

Written by Alastair Archbold on Monday, December 17, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7726 Last week’s low: AU$1.7295 Signs of Weakness in Global Growth Weakens Risk-Sentiment and Australian Dollar The Pound to Australian Dollar exchange rate ultimately slipped last week, as Sterling remained weak on Brexit fears despite the Australian Dollar’s late-week slump. Brexit uncertainties worsened considerably throughout the week, as UK Prime Minister Theresa…(read more)

GBP/AUD Exchange Rate Jumps as Huawei Arrest Spooks Investors

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

Last week’s high: AU$1.7722 Last week’s low: AU$1.7217 Australian Dollar Slumps as Markets Shun Risk-Sensitive Currencies Following Huawei Drama The Pound Australian Dollar exchange rate punched higher last week as the arrest of an executive from Chinese telecoms giant, Huawei, threatened to renewed US-China tensions, weakening the appeal of the risk-sensitive ‘Aussie’. Adding to AUD’s…(read more)

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