GBP/AUD Falls to 9-Month Low

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops to 1.95 Monday saw the pound drop to its lowest level in 9 months against the Australian dollar, suffering its worst daily loss in 6 years. The GBP/AUD had been trading comfortably above $2 for most of last year but has recently … Read more GBP/AUD Falls to 9-Month Low

GBP/AUD Rises Further as China Wobbles

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 Choppy on Chinese Concerns

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Trading at 2.05 After a quiet period over Christmas and New Year, GBP/AUD has started 2016 on a choppy note as concerns over the Chinese economy continue to dictate movement in the Australian dollar. The graph below shows GBP/AUD movement over the last … Read more GBP/AUD Choppy on Chinese Concerns

GBP/AUD Falls After Better GDP Figures

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops to 2.05 The Australian dollar has continued its impressive run against the pound after the release of better than expected Australian GDP figures and an upbeat speech by the president of the Reserve Bank of Australia, Glenn Stevens. The graph below shows … Read more GBP/AUD Falls After Better GDP Figures

GBP/AUD Higher After RBA Announcement

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

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 Rises as Aussie Dollar Hits 6-Year Low

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

GBP/AUD Rises to 2.05

GBP/AUD Hits 6-year High The pound hit fresh 6-year highs on Wednesday after better than expected data from the UK pushed the UK currency higher against most of its major counterparts. Weak iron-ore futures also helped the Aussie on its slide against the pound, pushing GBP/AUD briefly above 2.05. The graph below shows GBP/AUD movement … Read more GBP/AUD Rises to 2.05

GBP/AUD Rises to 1.94

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 touches $2

Pound rises as rate cut speculation mounts Australian unemployment data released on Thursday has further compounded the Aussie dollar’s woes, pushing the pound up towards AUD$2 – levels not seen for just over five years. The Aussie has weakened significantly over the last few months, also dropping to a five and a half year low against the … Read more GBP/AUD touches $2