James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Rises to 2.08 The Australian dollar has continued to fall against most of its major counterparts as the economic situation in China appears to be deteriorating. The Chinese had to suspend trading on their stock market on Thursday for the second time in … Read more GBP/AUD Rises Further as China Wobbles
GBP/AUD Trading Above 2.17 It’s been a fairly turbulent week for the Australian dollar, weakening and then strengthening with the collapse and then stabilisation of the Chinese stock market. Over the past 24 hours, the Australian dollar has again weakened after the RBA announced overnight that they would be keeping interest rates on hold, staying … Read more GBP/AUD Higher After RBA Announcement
GBP/AUD Heads Higher The Aussie dollar has had a rough ride since my last post, losing over 4.5% in July, thanks to falling commodities prices and increasing concern over the Chinese stock market situation. The Australian dollar has fallen significantly, dropping to 2.13, a move reflected in other commodities currencies, namely the Kiwi and Canadian … Read more GBP/AUD Rises to 2.13
GBP/AUD Moving Towards 2.09 The Australian dollar has continued on its downward trajectory this week as concerns over the Chinese stockmarket and continued weakness in commodities prices has left the Aussie on the back foot, dropping to 6-year lows against the US dollar and the pound. The graph below shows GBP/AUD movement over the last … Read more GBP/AUD Rises as Aussie Dollar Hits 6-Year Low