Strong Australian GDP Gives AUD Temporary Boost – GBP/AUD

GBP/AUD Drops to Low 1.80’s After AUD GDP Figures   Australian GDP figures for the first quarter of 2014 showed a surprise increase, beating estimates by 0.2%. As a result, the dollar gained ground against sterling, pushing the rate back down to near the 1.80 mark. The graph below shows GBP/AUD movement over the last … Read more Strong Australian GDP Gives AUD Temporary Boost – GBP/AUD

GBP/AUD Falls as Sterling Weakens

Sterling Struggles amid Housing Market Concerns The pound struggled on Wednesday as concerns over the UK housing market led investors to sell sterling across the board, weakening it against most of its major counterparts. Weak mortgage approvals and worse than expected retail sales figures also knocked the pound, with investors selling sterling to take profits … Read more GBP/AUD Falls as Sterling Weakens

Weak Aussie Pushes GBP/AUD up Towards 1.83

GBP/AUD Rises After Better UK Data The Australian dollar had slumped to three-week lows on Thursday morning with the currency struggling after the Westpac consumer confidence index was released, showing a 6.8% decline in May, having increased 0.3% the previous month. The GBP/AUD rate has also been forced upwards by better than expected retail sales … Read more Weak Aussie Pushes GBP/AUD up Towards 1.83

GBP/AUD Falls after Solid Aussie and Chinese Data

GBP/AUD Drops Back Below 1.81 It’s been a fairly choppy few days’ trading for the sterling/aussie cross, with the pair trading above 1.82 again briefly, but now firmly on its way back towards 1.80. Solid Australian employment growth and better than expected Chinese trade data have strengthened the Aussie and brought the rate back down … Read more GBP/AUD Falls after Solid Aussie and Chinese Data

GBP/AUD Breaks 1.80

Weak Aussie and Chinese Data Sends AUD Lower The pound gained against the struggling Aussie on Wednesday morning after weak Australian inflation data and worse than expected Chinese manufacturing data left the dollar on the back foot. Chinese manufacturing figures showed activity in the manufacturing sector slowed for the fourth consecutive month. As a result, … Read more GBP/AUD Breaks 1.80

GBP/AUD Tests 1.80 After Better UK Data

Sterling Gains After UK Unemployment Data The pound made significant gains against most of the majors on Wednesday after figures from the Office For National Statistics showed UK unemployment had fallen to it’s lowest level in 5 years in the three months to February. Immediately following the announcement, GBP/AUD spiked up to trade just below … Read more GBP/AUD Tests 1.80 After Better UK Data