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Currency News - AUD

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)

GBP/AUD Exchange Rate Benefits from Cooling Tensions in US-China Trade Spat

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

Last week’s high: AU$1.7756 Last week’s low: AU$1.7401 Australian Dollar Rallies as US-China Tensions Perceived to be Cooling House prices remain an issue for the Australian Dollar, as capital city home prices are on track to fall by 0.9% in November, the largest decline since November 2008. With the ongoing US-China trade spat, the suggestion…(read more)

GBP/AUD Exchange Rate Volatile on Brexit and US-China Trade Tensions

Written by Alastair Archbold on Monday, November 26, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7799 Last week’s low: AU$1.7525­­ US-China Trade Tensions Sparks Volatility in Australian Dollar Last week, news of the so-called thaw between the US and China in terms of trade relations – which helped the AUD exchange rates – has reversed and is fully reignited. The prospect of the US and China becoming…(read more)

GBP/AUD Exchange Rate Fluctuates Wildly as Brexit Chaos Dampens Sterling Sentiment

Written by Alastair Archbold on Monday, November 19, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8058 Last week’s low: AU$1.7510 Pound Pummelled by Fallout from Brexit Draft Agreement The Pound Australian Dollar exchange rate was hit by heavy losses last week as opposition to a draft Brexit agreement saw Theresa May lose two of her key Cabinet members. These resignations were accompanied by speculation that May could…(read more)

GBP/AUD Exchange Rate under Pressure after RBA Raises Growth Forecasts

Written by Alastair Archbold on Monday, November 12, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8114 Last week’s low: AU$1.7954 Australian Dollar (AUD) Exchange Rates Shake Off Weak Construction Sector Data The continued contraction of the Australian construction sector failed to weigh the Australian Dollar down for long last week. As the Reserve Bank of Australia (RBA) revised its growth forecasts a little higher this prompted investors…(read more)

GBP/AUD Outlook: Will Services PMI Boost Pound Sterling?

Written by Alastair Archbold on Monday, November 5, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8146 Last week’s low: AU$1.7871 Pound Australian Dollar Losses Seen on Construction PMI There was noticeable GBP/AUD exchange rate volatility last week, ending with Pound losses against the Australian Dollar. Initial support from hopes for a speedy resolution to Brexit talks gave GBP a boost, but gloomy forecasts followed a late-week construction…(read more)

GBP/AUD Volatility Ahead on Autumn Budget Announcement

Written by Alastair Archbold on Monday, October 29, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8445 Last week’s low: AU$1. Higher Brexit Tensions Caused GBP/AUD Losses The Pound fell to a monthly low against the Australian Dollar last week, with growing fears about a no-deal Brexit result draining GBP trader confidence. News that the government intends to prepare for a no-deal Brexit in November rattled GBP traders,…(read more)

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