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Currency News - AUD

UK PMIs in Focus for This Week’s GBP/AUD Movement

Written by Alastair Archbold on Monday, July 2, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7946 Last week’s low: AU$1.7741 GBP/AUD Drops to Two-Week Low on Slow Brexit Progress The GBP/AUD exchange rate rose early last week, but failed to maintain these gains and finished the week down. Brexit concerns were the main reason for Pound losses; EU leaders and Bank of England (BoE) officials warned that…(read more)

Weekly GBP/AUD Outlook: Is Turbulence ahead on UK GDP Data?

Written by James Baxter on Monday, June 25, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7976 Last week’s low: AU$1.7767 GBP/AUD Exchange Rate Boosted by August Interest Rate Hike Forecast The Pound to Australian Dollar exchange rate was volatile last week, despite GBP being boosted by a shift in the Bank of England’s (BoE) outlook. BoE policymaker Andy Haldane voted for higher interest rates at the monthly…(read more)

GBP/AUD Exchange Rate Advances on Mixed Australian Employment Figures

Written by James Baxter on Monday, June 18, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7795 Last week’s low: AU$1.7539 Australian Dollar Weakened by Labour Report The Pound Australian Dollar (GBP/AUD) exchange rate closed last week’s session up by over a cent, as the ‘Aussie’ slumped in the wake of some lacklustre domestic labour figures, which revealed a sharp drop in full-time employment. The ‘AUD exchange rate…(read more)

GBP/AUD Exchange Rate Volatile on Australian GDP Figures, BoE Rate Speculation

Written by James Baxter on Monday, June 11, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7729 Last week’s low: AU$1.7396 Australian Dollar Strengthened by Impressive GDP Figures The Pound Australian Dollar (GBP/AUD) exchange rate got off to a slow start last week, despite some upbeat PMI figures helping to strengthen optimism in the UK economy. The second half of the week proved to be a bit more…(read more)

Volatile GBP/AUD Ends Week on the Up

Written by James Baxter on Monday, June 4, 2018. Currency News - Sterling / AUD

Last week’s high: A$1.7714 Last week’s low: A$1.7524 GBP/AUD Fluctuates on Shifting Risk Appetite and Mixed US Data The Pound Australian Dollar (GBP/AUD) exchange rate encountered significant volatility last week; awash in the ebb and flow of the changing political situation in Italy and US trade tariff measures on steel and aluminium. Investors were pleased…(read more)

GBP/AUD Tumbles on Soft UK GDP and Easing Geopolitical Anxieties

Written by James Baxter on Tuesday, May 29, 2018. Currency News - Sterling / AUD

Last week’s high: A$1.7982 Last week’s low: A$1.7594 UK Q1 GDP Estimate Disappoints – GBP/AUD Trades on the Back Foot The Pound Australian Dollar (GBP/AUD) exchange rate encountered pressure last week, falling as investors reacted to news that the UK’s Q1 economic growth was rather soft. According to the 2nd estimate from the Office for…(read more)

GBP/AUD Fails to Hold Gains on Brexit Uncertainties

Written by James Baxter on Monday, May 21, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8097 Last week’s low: AU$1.7921 Strong Commodity Prices Keep Australian Dollar Buoyant Despite some speculation that the UK could remain in an EU customs union following Brexit, the Pound to Australian Dollar exchange rate was unable to sustain gains last week and closed relatively closely to the week’s opening levels. Sterling has…(read more)

GBP/AUD Exchange Rate Plummets after BoE Leaves Rates on Hold

Written by James Baxter on Monday, May 14, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.82348 Last week’s low: AU$1.79153 Sterling Crashes as BoE’s ‘Unreliable Boyfriend’ Returns A notable drop in market risk appetite allowed the Pound Australian Dollar exchange rate to tick higher throughout much of last week’s session. This was also aided by the release of Australia’s latest retail sales figures as domestic sales were…(read more)

GBP/AUD Exchange Rate Slumps on Weak UK PMI Data

Written by James Baxter on Tuesday, May 8, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8471 Last week’s low: AU$1.81879 UK’s Sluggish Start to Q2 Leaves Pound on the Back Foot The Pound Australian Dollar exchange rate slumped to a fresh one-month low last week as markets reacted to the softer-than-expected growth in the UK private sector last month. Markets were particularly concerned by the lacklustre activity…(read more)

GBP/AUD Slides as UK GDP Disappoints

Written by James Baxter on Monday, April 30, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8471 Last week’s low: AU$1.81879 Pound Weakened as UK Growth falls to 0.1% The Pound Australian Dollar exchange rate trended lower again last week as Sterling was rocked by some much weaker-than-expected growth figures. UK economic growth was shown to have slowed from 0.4% to just 0.1% during the first quarter of…(read more)

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