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GBP/AUD Slides Lower on Post-Brexit Trade Fears

Last week’s high: AU$1.7883

Last week’s low: AU$1.7695

GBP/AUD Exchange Rate Advances as US Protectionism Dents UK Trade Hopes

Fears of a global trade war impacting the UK’s post-Brexit plans saw the GBP/AUD exchange rate weaken. However, the losses were sporadic, as the Australian Dollar was also left in poor demand by other market concerns, which had been sparked when President Donald Trump announced tariffs of 25% on steel imports.

AUD Outlook: Australian Dollar could Fall if Tuesday Sentiment Data Disappoints

Tuesday will be a key day for the Australian Dollar, as home loans figures for January, the NAB business confidence index for February and the Westpac consumer confidence reading for March are all due for publication. These could reveal the state of economic sentiment in the Australian private sector and amongst households.

Key Events

12th March

22:30 AUD ANZ Roy Morgan Weekly Consumer Confidence Index (Mar 11)


13th March

00:30 AUD Home Loans (MoM) (Jan)

00:30 AUD NAB Business Confidence (Feb)

23:30 AUD Westpac Consumer Conf Index (Mar)

23:30 AUD Westpac Consumer Confidence (Mar)


James Baxter
Senior Currency Broker
T: 01442 892 062

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