GBP/AUD Falls After RBA Announcement

GBP/AUD Drops to 2.12 The Australian dollar has gained significant ground over the last week as expectations for the US interest rate hike have been pushed back and the RBA announced no change to monetary policy on Tuesday. As a result, the Australian dollar has gained around 8 cents on the pound, dropping from $2.20 … Read more GBP/AUD Falls After RBA Announcement

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

Volatile Week for GBP/AUD

GBP/AUD Trading Near $2 Having hit $2 to the pound last week, GBP/AUD subsequently dropped to 1.96 early this week as the Reserve bank of Australia announced that there would be no change to monetary policy, keeping interest rates at a record low of 2%. The Australian dollar then gained further ground against the UK … Read more Volatile Week for GBP/AUD

GBP/AUD Volatile After RBA Minutes

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

GBP/AUD flat ahead of RBA announcement

Pound hovers in $1.96s Sterling/Aussie has traded fairly flat over the past few days, as market players await a monetary policy announcement from the Reserve Bank of Australia next Tuesday – with most analysts expecting a further loosening of policy by Australia’s central bank. The graph below shows GBP/AUD movement over the last week. GBP/AUD … Read more GBP/AUD flat ahead of RBA announcement

Volatile week for GBP/AUD

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 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

GBP/AUD shoots up after RBA rate cut

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 drops ahead of RBA announcement

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

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