Written by; Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] CPI from both the UK and US ahead of Fed minutes Yesterday saw the release of CPI data from both the UK and US, we had year on year CPI from the UK which met forecasts of -0.1% and core CPI marginally improved to 1.1%. … Read more CPI from both the UK and US ahead of Fed minutes
GBP/AUD Falls to 2.15 The Australian dollar has strengthened over the last 48 hours as the Reserve Bank of Australia announced on Tuesday that they would not be cutting interest rates, keeping the base rate at the record low of 2%, having already loosened policy twice this year. As a result, the Australian dollar gained … Read more GBP/AUD Falls After RBA Rate Announcement
GBP/AUD Trading Above $2 The GBP/AUD rose to trade above $2 again on Thursday after the Reserve Bank of New Zealand announced a 25 basis point cut to their interest rate, weakening the Kiwi dollar and dragging the Aussie down in the process. It was the first rate cut by the Kiwi central bank in … Read more GBP/AUD Rises After Kiwi Rate Cut
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 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 trading in $1.96s The Aussie lost significant ground early on Tuesday after the Reserve Bank of Australia announced a 25 basis point cut to the base rate – dropping it to an historic low of 2.25%. The announcement was no great surprise, with speculation over a cut rife as economic conditions in Australia continued to deteriorate … Read more GBP/AUD shoots up after RBA rate cut
GBP/AUD – Volatile Week for Currency Pair It’s been a turbulent month for the GBP/AUD cross with sterling initially losing ten cents to the Aussie over 3 weeks and then regaining 6 cents over the last week. Sterling had been suffering amid fears over the outcome of the Scottish referendum, with the potential breaking up … Read more GBP/AUD Climbs as Aussie Weakens
Sterling Struggling Ahead of Scottish Referendum – GBP/AUD Falls The pound has been on the back foot for the past two weeks as concerns over the outcome of the Scottish independence vote have been weighing heavily on sterling. The UK currency has lost considerable ground against most of the majors and has now lost … Read more GBP/AUD Falls to 1.75
GBP/AUD Back in the 1.78’s What a difference a week makes. GBP/AUD had been trading in a narrow range until early last week but has been fairly volatile over the last seven days, now trading at a two-month low. The Aussie has actually been struggling against its main trading partner, the US dollar, but … Read more GBP/AUD Remains Volatile
GBP/AUD Drops to Two-Month Low Sterling was left on the back foot on Tuesday morning as UK inflation figures pushed GBP/AUD down in to the 1.78’s, its lowest level since early June. The pound has come under pressure over the last few weeks after some worse than expected data, coupled with Mark Carney’s speech … Read more GBP/AUD Falls After UK Inflation Data