GBP/AUD Rises as Iron Ore Price Falls The Aussie has tumbled over the last few days as the price of iron ore continues to fall. GBP/AUD had fallen below 1.90 last week but has since climbed back up towards 1.95. The falling price of iron has fuelled speculation that the Reserve Bank of Australia will … Read more GBP/AUD Rises to 1.94
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
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