GBP AUD Soars on UK Coronavirus Variant Panic

GBP AUD Soars on UK Coronavirus Variant Panic

The GBP AUD exchange rate soared 1.0% on Friday as the financial markets panicked about a new ‘mild’ virus variant from South Africa. Despite differing expectations for the latest strain, markets went into fear mode over new restrictions. For the pound sterling, the latest move erases much of the premium given for the expected interest rate rise in the UK. The GBP to AUD trades at 1.18720 with Australian GDP being the key data point this week. World goes into a coronavirus tailspin once again A new...
GBP AUD Mixed as Traders Weigh Up Recent Data

GBP AUD Mixed as Traders Weigh Up Recent Data

The GBP AUD exchange rate was slightly higher by 0.05% on Thursday but traders are hesitant about the next path for the pair. Australian retail sales were set to show a rise after a boost to consumer data this week ahead of Black Friday sales. The GBP AUD exchange rate was trading at 1.8520 ahead of the retailer data. Australian economy ‘on the road to recovery,’ says treasurer Australian treasurer Josh Frydenberg has said that Australia is on the road to recovery from the coronavirus pandemic after...
GBP AUD Higher Ahead of Australian Retail Data

GBP AUD Higher Ahead of Australian Retail Data

The GBP AUD exchange rate was 0.15% higher on Wednesday ahead of the latest retail sales data from Australia. Shoppers have returned down under after the latest reopening but there are concerns for 2022. Treasurer Josh Frydenberg also talked of a ‘strong economy’. The GBP AUD exchange rate was trading at 1.8530 ahead of the economic data. Australian shoppers set for a black Friday splurge The mood among Australian consumers improved in the last week as the nation recovers from the recent government lockdowns. The ANZ-Roy Morgan consumer...
GBP AUD Lower After PMI Data for UK and Australia

GBP AUD Lower After PMI Data for UK and Australia

The GBP AUD exchange rate was -0.10% lower on Tuesday after the latest PMI data showed an improvement in Australian manufacturing. The latest PMI data for the UK was also higher but businesses are facing a headwind from higher costs. The GBP AUD exchange rate was trading at 1.8515 and sterling was boosted by reassurances that the UK would not follow Europe with further restrictions. GBP AUD could be set for another coronavirus reversal The manufacturing sector in Australia expanded in November at a faster pace than...
GBP AUD Weaker as Australia Reopens Borders

GBP AUD Weaker as Australia Reopens Borders

The GBP AUD exchange rate was weaker by -0.24% as Australia adds Korean visitors to its recent easing of border restrictions. Comments from Bank of England Governor Andrew Bailey also failed to clarify the rate position at the weekend. The GBP to AUD trades at 1.18525 ahead of Australian PMI data. Australia to welcome more visa holders in bid to boost economy Australia is set to allow foreign visa holders to enter the country in December, Prime Minister Scott Morrison said on Monday, in the latest effort...
GBP AUD Higher Despite Improved GDP Picture

GBP AUD Could Rise Further on Rate Differentials

The GBP AUD exchange rate surged last week as traders priced in higher interest rates for the UK economy. Higher rates will attract investors while Australia continues to hold rates at historic lows. There is no high-level economic data for the UK Or Australian economies this week and GBP strength could continue. The GBP to AUD trades at 1.18575 as the trading week begins. Australia to welcome 200,000 visa holders The Australian government will open its borders to more than 200,000 visa holders to enter the country...
GBP AUD Hesitates as Traders Weigh Up Virus Path

GBP AUD Pauses After Two Day Data Rally

The GBP AUD exchange rate was flat on Thursday after a strong two-day rally in the British pound after employment and inflation data. Both data sets increased the chances of a rate hike for the UK In December. A headwind for the UK is coronavirus rates once again as Europe talks lockdowns. The GBP AUD exchange rate was trading at 1.8540 ahead of UK consumer confidence figures. GBP AUD could be set for another coronavirus reversal Australia has finally eased its latest bruising lockdown and now the...
GBP AUD Mixed as Traders Weigh Up Recent Data

GBP AUD Jumps on December Interest Rate Bets

The GBP AUD exchange rate was 1% higher after the UK released it inflation figures. The latest numbers showed annual inflation had risen to 4.2%. That prompted buying in sterling as traders predict the Bank of England will have to raise interest rates in December. Stronger employment figures and a dovish RBA has added to this week’s move. The GBP AUD exchange rate was trading at 1.8565 after the latest economic data. Inflation surges in the UK but BoE remains confident The latest UK inflation figures saw...
GBP AUD Higher on UK Employment and RBA

GBP AUD Higher on UK Employment and RBA

The GBP AUD exchange rate was 0.60% higher after the UK released its latest employment figures. A record jump in payrolls after the end of the furlough scheme took the unemployment rate to 4.3%. The latest figures give support for an interest rate rise for the British economy, while RBA comments suggest otherwise for the Aussie dollar. The GBP AUD exchange rate was trading at 1.8350 after the latest economic data. UK unemployment drops despite end of furlough The UK jobs market remained resilient despite the end...
GBP AUD Lower Ahead of RBA Meeting Minutes

GBP AUD Lower Ahead of RBA Meeting Minutes

The GBP AUD exchange rate was -0.26% lower ahead of the latest RBA meeting minutes. The Aussie dollar was supported despite the pound sterling faring well against other major currencies. The fears over a return to Brexit-related crisis for the pound receded but the Australian dollar is still in charge. The GBP AUD exchange rate was trading at 1.8250 ahead of the latest comments from the Reserve Bank. Reserve bank takes the stage for Aussie dollar direction Tuesday sees the release of the latest RBA meeting minutes,...