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Currency News - AUD

GBP/AUD Exchange Rate Slumps as Brexit Talks Stall

Written by Alastair Archbold on Monday, September 24, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8396 Last week’s low: AU$1.7957 Brexit Impasse Weighs Heavily on GBP/AUD Exchange Rate Heading into the weekend the GBP/AUD exchange rate slumped sharply in response to a fresh breakdown in Brexit negotiations. As EU leaders rejected the Chequers proposals Theresa May announced that talks were now at an impasse, prompting the Pound…(read more)

Chance of Pound Sterling Gains on Higher Inflation

Written by Alastair Archbold on Monday, September 17, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8361 Last week’s low: AU$1.8115 GBP/AUD Recap: Volatility on Brexit Forecasts The Pound ultimately rose against the Australian Dollar last week, but there was significant GBP/AUD volatility due to some statements about Brexit. EU Chief Negotiator Michel Barnier triggered a GBP rally when he predicted concluding Brexit talks by November, while European…(read more)

GBP/AUD Exchange Rate Rallies amid Emerging Market Sell-Off

Written by Alastair Archbold on Monday, September 10, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8131 Last week’s low: AU$1.7788 Australian Dollar Hit by Emerging Market Fears The Pound Australian Dollar exchange rate surged higher last week as the ‘Aussie’ got caught up in a broad sell-off of emerging market currencies. However Sterling initially got off to a weak start as some lacklustre UK PMI readings and…(read more)

Brexit Speculation and Falling RBA Interest Rate Hike Bets Lead to GBP/AUD Surge

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

Last week’s high: AU$1.7988 Last week’s low: AU$1.7511 Australian Dollar Plummets on Bearish RBA Bets and Risk-Aversion A week of bullishness for the Pound to Australian Dollar (GBP/AUD) exchange rate continued right through Friday, as a more appealing Pound easily capitalised against a slumping Australian Dollar. In the middle of the week, EU Chief Negotiator…(read more)

GBP/AUD Exchange Rate Benefits from Australia’s Political Musical Chairs

Written by Alastair Archbold on Tuesday, August 28, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7690 Last week’s low: AU$1.7401 Volatility as Australia Gets Fifth Prime Minister in Five Years Political turmoil dominated the mood towards the Australian Dollar last week as divisions within the governing Liberal party spilled over. Although Malcolm Turnbull succeeded in seeing off the first leadership challenge on Tuesday he was ultimately ousted…(read more)

GBP/AUD Turbulence Ahead on RBA Minutes

Written by Alastair Archbold on Monday, August 20, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7627 Last week’s low: AU$1.7453 GBP/AUD Exchange Rate Weakened by Persistent Brexit Fears The Pound rose against the Australian Dollar at the start of the previous week, but was unable to maintain these gains and closed trading on Friday below its opening rate on Monday. This deterioration was caused by recurrent fears…(read more)

GBP/AUD Recovers from Six-Month-Lows on Risk-Off Movement

Written by Michael Vaughan on Monday, August 13, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7586 Last week’s low: AU$1.7286 Australian Dollar Sold as Investors Seek Safer Currencies The Australian Dollar’s bullish run against the Pound, which lasted throughout most of June, ended last week as the Pound to Australian Dollar exchange rate rebounded slightly from its worst levels in over six months. For most of last…(read more)

Is GBP/AUD Exchange Rate Recovery ahead on UK GDP Data?

Written by Alastair Archbold on Monday, August 6, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7811 Last week’s low: AU$1.7602 BoE’s Brexit Warning Drags GBP/AUD Down The Pound fell to more than a two-week low against the Australian Dollar last week, following a series of cautious statements from the Bank of England (BoE). The BoE hiked interest rates from 0.5% to 0.75%, but Governor Mark Carney rattled…(read more)

GBP/AUD Exchange Rate Benefits From Weak Australian Inflation

Written by Alastair Archbold on Monday, July 30, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7792 Last week’s low: AU$1.7655 Underwhelming Inflation Dents Australian Dollar Weaker-than-expected second quarter consumer price index data saw the Australian Dollar slump sharply on Wednesday. Markets were disappointed to find that inflation had failed to advance on the quarter, holding steady at a rate of 0.4%. However, as global trade tensions showed…(read more)

GBP/AUD Losses ahead on Higher AU Inflation Rates?

Written by Alastair Archbold on Monday, July 23, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7872 Last week’s low: AU$1.7581 Lower BoE Rate Hike Odds Drag GBP/AUD down The Pound struggled in trading against the Australian Dollar last week, progressively declining due to negative UK economic data. UK ecostats showed that wage growth, inflation and retail sales were all slowing, which rattled GBP traders and led to…(read more)

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