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Currency News - AUD

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)

GBP/AUD Exchange Rate Falls despite UK Services Expanding

Written by Alastair Archbold on Tuesday, May 7, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8650 Last week’s low: AU$1.8315   Australian Dollar Rises despite Sharp Fall in Building Approvals On Tuesday, China’s Caixin manufacturing PMI slipped below expectations damaging sentiment in the risk-sensitive ‘Aussie’. However, further face-to-face US-China discussions continued, which were labelled by US Trade Secretary Steven Mnuchin as ‘productive’. This caused an increase in…(read more)

Speculation over RBA Cutting Interest Rates Helps GBP/AUD Advance

Written by Alastair Archbold on Monday, April 29, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8441 Last week’s low: AU$1.8156   GBP/AUD Registers Gains on ‘Aussie’ Weakness despite Lack of Drive in Pound Movement Last week was another one of Brexit uncertainties leaving investors hesitant to move much on the Pound. Even as Parliament returned from its Easter recess, investors felt there would be no fresh Brexit…(read more)

GBP/AUD Exchange Rate Slides despite Brexit Delay

Written by Alastair Archbold on Monday, April 15, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8428 Last week’s low: AU$1.8246   Pound Volatility Fades as UK Avoids No-Deal Brexit, for Now Trade in the Pound Australian Dollar exchange rate was notably more subdued last week, with the pairing not experiencing the dramatic swings seen in recent weeks as Brexit was delayed by another six months. However despite…(read more)

GBP/AUD Fluctuates as Brexit Limbo Hampers Pound

Written by Alastair Archbold on Monday, April 8, 2019. Currency News - Sterling / AUD

Last week’s high: $1.88302 Last week’s low: $1.72951   Australian Dollar Gains against Sterling Plagued by Brexit Uncertainty The Pound Australian Dollar exchange rate fluctuated wildly last week following the second round of ‘indicative votes’, which were once again entirely rejected by Parliament. This left the Pound hanging at the beginning of the week, as…(read more)

GBP/AUD Exchange Rate Rocked by Heightened Brexit Uncertainty

Written by Alastair Archbold on Monday, April 1, 2019. Currency News - Sterling / AUD

IfLast week’s high: AU$1.8725 Last week’s low: AU$1.8344   Pound Struggles as Brexit Uncertainty Reaches Fever Pitch The Pound Australian Dollar exchange rate traded in a wide range last week as Brexit drama continued to dominate Sterling sentiment. The highlights in the ongoing Brexit saga included a jump in Sterling on Wednesday after Theresa May…(read more)

GBP/AUD Recovers from Worst Levels

Written by Arron Morris on Monday, March 25, 2019. Currency News - Sterling / AUD

Last week’s high: $1.8777 Last week’s low: $1.8356 Australian Dollar Bolstered by Improving Chinese Economy The Pound Australian Dollar (GBP/AUD) exchange rate struggled last week as Brexit developments lead to a shorter extension to Article 50 than hoped for, while pressure was also increasingly applied on MPs to back Prime Minister Theresa May’s withdrawal agreement…(read more)

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