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Currency News - AUD

Unimpressive Construction Growth Dents Australian Dollar (AUD) Exchange Rates

Written by Jack Wiles on Monday, January 8, 2018. Currency News - Sterling / AUD

Pound News: Halifax Points Towards Slowing UK Housing Market The Halifax house price data for December proved rather discouraging for Pound (GBP) exchange rates, with prices showing a surprise contraction on the month. While the ultimate impact of Theresa May’s much-anticipated cabinet reshuffle proved to be rather limited this was not enough to shore up…(read more)

GBP/AUD could Drop on Ballooning Trade Deficit

Written by James Baxter on Monday, January 8, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7412 Last week’s low: AU$1.7221 Surprise Trade Deficit Triggered Australian Dollar Losses The Pound ended last week trading up against the Australian Dollar, but UK domestic data wasn’t completely supportive. On the plus side, the UK services PMI showed higher-than-expected growth. Less helpfully, new car sales in 2017 declined overall. This was…(read more)

GBP/AUD Slumps Ahead of RBA Minutes

Written by James Baxter on Monday, December 18, 2017. Currency News - Sterling / AUD

Last week’s high: AU$1.7839 Last week’s low: AU$1.7363 GBP/AUD Rate Tumbled on Brexit Trade Timeline The Pound fell sharply against the Australian Dollar last week, despite an apparent Brexit breakthrough. At an EU summit, EU leaders finally approved the UK moving onto ‘phase two’ of Brexit discussions, which covers a transitional deal and post-Brexit trade….(read more)

GBP/AUD Slips from Highs on Brexit Uncertainty

Written by James Baxter on Tuesday, December 12, 2017. Currency News - Sterling / AUD

Last week’s high: AU$1.7988 Last week’s low: AU$1.7493 Fluctuating Risk-Sentiment Limits Australian Dollar Strength The Pound to Australian Dollar exchange rate did advance last week, but its gains were limited by market uncertainty about the second phase of Brexit negotiations and potential delays to trade talks. The first phase of talks finally reached a conclusion…(read more)

GBP/AUD Investors Anticipate Brexit and RBA News

Written by James Baxter on Monday, December 4, 2017. Currency News - Sterling / AUD

Last week’s high: AU$1.7907 Last week’s low: AU$1.7371 Brexit Hopes Boost GBP/AUD Near Yearly Highs Last week saw the Pound to Australian Dollar exchange rate surge as investors digested news that the UK and EU were getting close to reaching an agreement on the price of the Brexit ‘divorce bill’. Sterling surged following the reports…(read more)

Brexit News Sends GBP/AUD 0.6% Higher

Written by James Baxter on Wednesday, November 29, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7550 Yesterday’s low: AU$1.7392 GBP Crushed by OECD Pessimism Confidence in the Pound initially rose on Tuesday, when the Bank of England (BoE) reported that UK banks could withstand any serious economic shocks. Unfortunately, the Pound later tumbled when the OECD downgraded its UK growth forecasts for 2018 and 2019. The organisation was…(read more)

US Dollar Movements Drive AUD Trading

Written by James Baxter on Tuesday, November 28, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7555 Yesterday’s low: AU$1.7450 GBP/AUD Trends in Narrow Range Yesterday saw the Pound fluctuate against the Australian Dollar, with Sterling ultimately making a minor advance. There was little high-impact news from the UK; the only notable announcement concerned government plans for its industrial strategy. In order to strengthen the UK economy before the…(read more)

GBP/AUD Rallies Following Tenreyro Comments

Written by James Baxter on Monday, November 27, 2017. Currency News - Sterling / AUD

Friday’s high: AU$1.7528 Friday’s low: AU$1.7424 Sterling Recovers on Suggestion Brexit won’t Dissuade Rate Hike The Pound rallied by around a cent against the Australian Dollar at the end of last week’s session, recovering from a weekly low on Thursday following comments from the Bank of England’s (BoE) Silvana Tenreyro. In speaking about Brexit and…(read more)

Uncertainty ahead for GBP/AUD

Written by James Baxter on Friday, November 24, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7519 Yesterday’s low: AU$1.7414 GBP/AUD Rate Tumbles on UK Concerns The Pound struggled against the Australian Dollar yesterday as experts lined up to pick apart Philip Hammond’s Autumn Statement. Among the critics were Torsten Bell of the Resolution Foundation, Paul Johnson of the IFS and OBR Chairman Robert Chote. A recurrent message was…(read more)

GBP/AUD Down from Best Levels

Written by James Baxter on Thursday, November 23, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7532 Yesterday’s low: AU$1.7451 Sterling Unshaken by UK Budget Despite UK Chancellor Philip Hammond announcing that £3b would be invested in Brexit preparation and contingency plans over the next two years, the Pound to Australian Dollar exchange rate continued to trend just above the week’s opening levels on Wednesday. This was partially because…(read more)

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