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Currency News - AUD

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)

GBP/AUD Falls despite RBA Cutting Interest Rates

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / AUD

Last week’s high: $1.8257 Last week’s low: $1.8125   Australian Dollar Fluctuates as RBA Cuts Interest Rate The Pound began the week relatively subdued as UK political news was overshadowed by US President Donald Trump’s state visit. Meanwhile the Australian Dollar remained down following Sunday’s printing of the AiG performance of management index figures for…(read more)

GBP/AUD Sinks as Brexit and Leadership Uncertainty Weighs on Sterling

Written by Alastair Archbold on Monday, June 3, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8390 Last week’s low: AU$1.8185   Australian Dollar Suffers from Rising Fears of RBA Rate Cut The Pound sank against the Australian Dollar at the beginning of last week despite the ongoing US-China trade war holding back risk appetite for the ‘Aussie’. AUD trader optimism, however, could be running out due to…(read more)

GBP/AUD Suffers from Renewed Brexit Angst despite Simmering Trade Tensions

Written by Alastair Archbold on Monday, May 20, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8705 Last week’s low:  AU$1.8509   Pound Sinks as UK Political Turmoil Rears its Head Again Last week the Pound fell almost two cents against the Australian Dollar as political tensions once again hit the UK and markets began to price in the increasing likelihood of a no-deal Brexit occurring. On Friday…(read more)

GBP/AUD Exchange Rate Retreats as UK Political Uncertainty Grows

Written by Alastair Archbold on Monday, May 13, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8872 Last week’s low: AU$1.8547   Pound Slumps on Seeming Failure of Cross Party Brexit Talks The Pound fell back against the Australian Dollar last week as concerns over a lack of progress in cross-party Brexit talks and doubts over Theresa May’s future as PM weighed on Sterling sentiment. Even a strong…(read more)

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