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Currency News - AUD

GBP/AUD Sustains Solid Gains on Bank of England Rate Hike Bets

Written by James Baxter on Monday, March 26, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8349 Last week’s low: AU$1.8050 Global Trade Concerns Smooth Way for GBP/AUD Gains While it slipped slightly from its best levels towards the end of the week, the Pound to Australian Dollar exchange rate saw solid gains throughout last week’s trading session thanks to rising bets that the Bank of England (BoE)…(read more)

GBP/AUD Surges as Risk Appetite Ebbs

Written by James Baxter on Monday, March 19, 2018. Currency News - Sterling / AUD

Friday’s high: £1.8013 Friday’s low: £1.7864 GBP/AUD Exchange Rate Climbs on Fears of an Escalating Global Trade War The Pound Australian Dollar (GBP/AUD) exchange rate climbed last Friday, capitalising on escalating fears of a possible global trade war and the severe implications it could have on riskier commodity currencies like the ‘Aussie’ Dollar. Investors (abhorring…(read more)

GBP/AUD Slides Lower on Post-Brexit Trade Fears

Written by James Baxter on Monday, March 12, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7883 Last week’s low: AU$1.7695 GBP/AUD Exchange Rate Advances as US Protectionism Dents UK Trade Hopes Fears of a global trade war impacting the UK’s post-Brexit plans saw the GBP/AUD exchange rate weaken. However, the losses were sporadic, as the Australian Dollar was also left in poor demand by other market concerns,…(read more)

Political Uncertainties Cause GBP/AUD Fluctuations

Written by James Baxter on Monday, March 5, 2018. Currency News - Sterling / AUD

Fears of a Trade War Help GBP/AUD Recovery despite Brexit Uncertainties Towards the end of last week, the US President Donald Trump announced hefty tariffs on US imports of major materials such as steel and aluminium. This shocked markets with the President later even commenting that the US could ‘easily fight and win a trade…(read more)

GBP/AUD Ends the Week Higher

Written by James Baxter on Monday, February 26, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7903 Last week’s low: AU$1.7617 Sterling Bounces Back from Worst Levels After dipping in reaction to the UK’s latest employment figures, the GBP/AUD exchange rate managed to recover losses before the end of the week. The Australian Dollar lost around 0.3% against the Pound on Friday, but still managed to hold its…(read more)

GBP/AUD Fluctuates on Mixed Data

Written by James Baxter on Monday, February 19, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7801 Last week’s low: AU$1.7579 Sterling Rocked by Lacklustre Retail Sales The Pound against the Australian Dollar was hit by volatility last week following some mixed domestic data. While Sterling was able to find some fleeting gains from a stronger-than-expected inflation report, GBP fell on Friday as the UK’s retail sales missed…(read more)

Australian Dollar Softened by Underwhelming Labour Market Data

Written by Michael Vaughan on Friday, February 16, 2018. Currency News - Sterling / AUD

Pound News: Markets Relieved as Brexit ‘Punishment Clause’ Removed As EU officials reportedly agreed to remove the so-called ‘punishment clause’ from the draft proposal for the Brexit transition period the mood towards the Pound (GBP) improved. While a significant degree of uncertainty over Brexit remains this was not enough to prevent GBP exchange rates rallying…(read more)

GBP/AUD Fluctuates as Central Banks Discuss Monetary Policy

Written by James Baxter on Monday, February 12, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7830 Last week’s low: AU$1.7358 Brexit Uncertainty Rocks Sterling The Pound experienced volatility against the Australian Dollar last week as Brexit uncertainty played havoc with the UK currency. The heaviest blow to Sterling came right at the end of the week after the EU’s chief negotiator Michel Barnier suggested that a post-Brexit…(read more)

RBA Caution on Inflation Dents Australian Dollar Demand

Written by Jack Wiles on Wednesday, February 7, 2018. Currency News - Sterling / AUD

Pound News: Brexit Uncertainties Weigh on Sterling The high level of uncertainty that still surrounds the UK government’s approach to Brexit kept Pound (GBP) exchange rates under pressure on Tuesday. With markets concerned by the persistent lack of clarity over what the ultimate shape of the UK’s future relationship with the EU could be there…(read more)

GBP/AUD Jumps as Australian Inflation Disappoints

Written by James Baxter on Monday, February 5, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7830 Last week’s low: AU$1.7358 Australian Dollar Stumbles as Inflation Fails to Meet Expectations The Pound rallied against the Australian Dollar last week as Australia’s latest inflation reading missed expectations, only rising to 1.9% against forecasts of 2% in the fourth quarter. Combined with a significant contraction in building approvals in December,…(read more)

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