GBP/AUD Exchange Rate Falls Despite Expectations for RBA Rate Cut

Last week’s high: AU$1.8437 Last week’s low: AU$1.8165 ‘Aussie’ Rises despite Dovish Comments From RBA Governor Lowe The ‘Aussie’ slipped against the Pound on Tuesday as the Reserve Bank of Australia (RBA) Governor, Philip Lowe gave his clearest indication yet that the central bank will slash interest rates in October. While he said previous cuts … Read more GBP/AUD Exchange Rate Falls Despite Expectations for RBA Rate Cut

GBP/AUD Exchange Rate Soars to a Four-Month High – is a Brexit Deal Within Reach?

Last week’s high: AU$1.8483 Last week’s low: AU$1.8060 Pound Soars on Fresh Brexit Optimism The Pound to Australian Dollar exchange rate skyrocketed last week, jumping around three cents in response to renewed hopes for a UK-EU Brexit deal. This was triggered by comments from EU Commission President Jean-Claude Juncker, who told Sky News that he … Read more GBP/AUD Exchange Rate Soars to a Four-Month High – is a Brexit Deal Within Reach?

Brexit Optimism Propels GBP/AUD Exchange Rate to Two-Week High

Last week’s high: AU$1.8135 Last week’s low: AU$1.7851 Pound Soars on Hopes of a Brexit Breakthrough The Pound to Australian Dollar exchange rate initially surged last week as a positive GDP released helped to quell fears the UK may slip into a recession this year. GBP/AUD consolidated these gains through the mid-week as UK political … Read more Brexit Optimism Propels GBP/AUD Exchange Rate to Two-Week High

UK Political Uncertainty triggers Volatility in the GBP/AUD Exchange Rate

Last week’s high: AU$1.8101 Last week’s low: AU$1.7807 Pound Rallies from Lows as No-Deal Fears Fade The Pound to Australian Dollar exchange rate traded in a wide range last week in response to an increasingly fractious mood in UK politics. Political uncertainty initially drove GBP exchange rates lower but Sterling rallied mid-week as Boris Johnson … Read more UK Political Uncertainty triggers Volatility in the GBP/AUD Exchange Rate

Worsening No-Deal Brexit Fear Keeps GBP/AUD from 2-Month-Highs

Last week’s high: AU$1.8357 Last week’s low: AU$1.8019 US-China Trade Hopes Help Australian Dollar Avoid Major Losses The Pound to Australian Dollar (GBP/AUD) exchange rate struggled last week as fears over the prospect of a no-deal Brexit increased, causing Pound sentiment to slump. UK premier Boris Johnson successfully secured a five week prorogation of parliament, … Read more Worsening No-Deal Brexit Fear Keeps GBP/AUD from 2-Month-Highs

GBP/AUD Outlook: Could Sterling Sink on Increased Brexit Uncertainty?

Last week’s high: AU$1.8140 Last week’s low: AU$1.7808 Australian Dollar Steadies as Brexit Uncertainty Weighs on Pound The Pound (GBP) was subdued at the start of the week despite mounting cross-party opposition against a no-deal Brexit. Tuesday saw the Pound sink further against the Australian Dollar (AUD) after the Reserve Bank of Australia’s (RBA) board … Read more GBP/AUD Outlook: Could Sterling Sink on Increased Brexit Uncertainty?

GBP/AUD Exchange Rate Rocked by Trade Uncertainty and Recession Fears

Last week’s high: AU$1.7933 Last week’s low: AU$1.7717 Global Recession Jitters Shake Markets The Pound to Australian Dollar exchange rate met with considerable volatility last week as concerns over trade and slowing global growth rocked market confidence. A barbed back and forth between the US and China spurred fluctuating risk-appetite throughout the session. The risk-sensitive … Read more GBP/AUD Exchange Rate Rocked by Trade Uncertainty and Recession Fears

GBP/AUD Exchange Rate Sees Dramatic Swings Following RBNZ Rate Cut

Last week’s high: AU$1.8170 Last week’s low: AU$1.7768 RBNZ’s Aggressive Rate Cut Prompts Wild Swings in the Australian Dollar The Pound to Australian Dollar exchange rate traded in a wide range last week as the Reserve Bank of New Zealand’s (RBNZ) larger-than-expected rate cut shocked markets. The ‘Aussie’ dropped sharply mid-week amid speculation that this … Read more GBP/AUD Exchange Rate Sees Dramatic Swings Following RBNZ Rate Cut

Reserve Bank of Australia Speculation and Trade Tensions Lead to Australian Dollar Slump

Last week’s high: AU$1.7931 Last week’s low: AU$1.7576 GBP/AUD Recovers Despite No-Deal Brexit Fears Dominating Sterling Last week saw  volatile movement in the Pound to Australian Dollar exchange rate. GBP/AUD plunged to its worst levels of 2019 at the start of the week in reaction to the rising odds of a no-deal Brexit. However, the … Read more Reserve Bank of Australia Speculation and Trade Tensions Lead to Australian Dollar Slump

GBP/AUD Exchange Rate Advances on RBA Rate Cut Speculation

Last week’s high: AU$1.7975 Last week’s low: AU$1.7676 RBA Rate Cut Expectations Undermined the Australian Dollar The Australian Dollar trended lower throughout last week’s session, with the main catalyst for ‘Aussie’ losses being rising expectations of a third rate cut from the Reserve Bank of Australia (RBA) later in the year. Fuelling this speculation were … Read more GBP/AUD Exchange Rate Advances on RBA Rate Cut Speculation