GBP/AUD Trading in 1.92’s It’s been a fairly volatile week for the sterling/aussie cross, with market movement still being dictated by speculation over a potential tightening or loosening of monetary policy, both in the UK and in Australia. During a speech in New York on Monday evening, governor of the RBA Glenn Stevens hinted at … Read more GBP/AUD Volatile After RBA Minutes
Pound rises from AUD$1.96 to mid $1.98s It’s been a particularly volatile week for GBP/AUD with the pound dropping from AUD $2.00 to $1.96 and then climbing back up to $1.9820 (at the time of writing). The graph below shows sterling/aussie movement over the last 7 days. GBP/AUD The release on Tuesday of the Reserve … Read more Volatile week for GBP/AUD
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
Pound falls into AUD$1.92s It was a fairly quiet start to the week on Monday, with no significant data from either country affecting rates. The subdued trading could be interpreted as the quiet before the storm, with Tuesday’s announcement from the RBA expected to reveal the direction of monetary policy in Australia for the first half of … Read more GBP/AUD drops ahead of RBA announcement