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 Rises to 2.13 It’s been a fairly choppy week for the GBP/AUD cross, with positivity from both nations strengthening the respective currencies, pulling the cross both ways in a currency tug-o’war. Better than expected inflation data from the UK on Tuesday morning gave the pound a much needed boost, having had a rough previous … Read more GBP/AUD Rises After UK Inflation Data
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