GBP/AUD Rises to 2.13

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 Remains in Tight Range

GBP/AUD Rangebound There hasn’t been much to report for the sterling/aussie cross over the last few weeks as the pair has been stuck in a fairly tight range. The situation in Greece continues to dominate headlines, with most market movement the result of progress, or lack thereof, of negotiations between Greece and its creditors. The … Read more GBP/AUD Remains in Tight Range

GBP/AUD Drops After UK Inflation Data

GBP/AUD Drops into 1.95’s The pound lost ground against most of its major counterparts on Tuesday morning as UK inflation figures showed price rises in the UK have fallen into negative territory for the first time since 1960. As a result, the pound lost nearly a percent against the euro, dollar and Aussie dollar. The … Read more GBP/AUD Drops After UK Inflation Data

GBP/AUD Falls After Federal Reserve Minutes

GBP/AUD Drops Towards 1.90 The Aussie has performed well against sterling over the last few days as inconclusive minutes from the Federal Reserve’s latest policy meeting provided no insight as to when the US central bank would look to tighten policy. As a result, investors have flocked to the Aussie dollar in search of guaranteed … Read more GBP/AUD Falls After Federal Reserve Minutes

Impressive US jobs data weakens Cable and boosts GBP/EUR through €1.34

US private sector hiring hits 17 year peak Better than predicted non-farm payrolls figures from the US caused volatility on the FX markets on Friday afternoon. The number of new jobs in January came in well over the 236,000 estimate, showing that 257,000 new jobs were created last month. Job creation was also much stronger in … Read more Impressive US jobs data weakens Cable and boosts GBP/EUR through €1.34

GBP/AUD rises to $1.94

RBA policy loosening leaves Australian dollar on back foot Mounting speculation over an imminent interest rate cut from the Reserve Bank of Australia has led to a massive sell-off of the Australian currency, which has now dropped 11 cents against the pound in the last two weeks. Against the US dollar, the Aussie has just hit … Read more GBP/AUD rises to $1.94

Pound remains stable, for now…

Pound remains stable It was a quiet day for GBP/EUR, with the pair trading within a fairly narrow range; the pound hovering around the €1.26 mark throughout most of the day. We did see some movement in GBP/USD, however, after the release of better than expected US GDP figures. Other than these figures, there were no … Read more Pound remains stable, for now…

GBP/AUD – Volatility After Fed Announcement

GBP/AUD Drops into 1.81’s It’s been a quiet couple of weeks for the sterling/aussie cross, with the pair trading in a fairly narrow range, with not much movement either side of the 1.83 mark. In fact it’s been a relatively subdued few weeks for most of the major currencies with little movement in any of … Read more GBP/AUD – Volatility After Fed Announcement