Pound to Australian Dollar rate recovers back to 1.76, will Aussie weakness see GBP/AUD...
The Pound has recovered some ground against a number of commodity currencies this week, including the Aussie Dollar as these types of currencies are coming pressure.
The weakness is due to contagion fears as Turkey has been in the headlines since late last week as there are concerns the country could default. A row between Turkey and the US has broken out recently, as Trump believes that the detention of Andrew Brunson, an Evangelical pastor from North Carolina is unjust and Trump is demanding his...
Australian Dollar Named Worst Performing Major Currency This Week as GBP Advances
Australian woes continue, with the ongoing bushfires continuing to devastate both the environment and the country’s resources so unsurprisingly the Australian Dollar has been named the worst performing major currency over the course of this week. The expectations of an RBA rate cut in February are higher than ever and poor jobs data caught the markets attention, leaving the AUD tumbling. Meanwhile, the GBP made gains on both the Euro and the USD as UK PM Boris Johnson met with the European Commission President...
Pound to Australian Dollar rate hits 2-year high, where to next for GBP/AUD?
In early trading yesterday the GBP/AUD rate hit its annual high, which was also the highest level the pair have hit since the Brexit vote back in June of 2016. At its highest level it hit 1.8622 and at the time of writing the pair are now trading in the mid-1.84's so there has been a slight sell-off already since yesterday's spike.
Those of our clients and readers planning on making currency exchanges from pound's to Aussie dollars are now able to trade at attractive...
GBPAUD Exchange Rate: Sterling Falls Back From 2.0 Australian Dollar Level
The pound to Australian dollar exchange rate has fallen further away from the 2 dollar symbolic mark with rates currently trading at 1.9635.
As some economies such as Germany and the US begin to start relaxing lockdown measures that have been in place since March, this could be the start of further improvement for the Australian dollar. The Australian dollar as a commodity currency is directly impacted by the performance of other economies and usually suffers in times of economic uncertainty. Any major progress fighting...
GBP AUD Continues Lower After GDP Release
The GBP AUD exchange rate was -0.19% lower on Monday with further calls for Boris Johnson to resign as British Prime Minister. The Australian dollar was also boosted after new Prime Minister Anthony Albanese finally secured a majority for his leadership.
The GBP to AUD rate was trading at the 1.7600 level after the pound’s push higher faltered on Friday.
Australian PM secures a majority, GDP growth figures due
Australia's newly elected Labor Party will finally have a majority in Parliament, the country's Electoral Commission said Monday....
GBP AUD Higher After RBA Rate Surprise
The GBP AUD exchange rate was higher by 0.20% on Tuesday after the Australian Reserve Bank surprised markets with a larger rate hike. The pound sterling is gaining ground as the hikes are already putting the brakes on the Aussie consumer. Boris Johnson’s successful confidence vote also removes uncertainty for the pound in the near-term.
The GBP to AUD rate was trading at the 1.7440 with a third day of gains for sterling.
RBA surprises with interest rate hike of 0.50%, home owners could suffer
The Reserve...
Sterling Recovers against Australian Dollar on Ray of Brexit Hope
The Pound has made some small gains against the Australian Dollar to end the week after what was been a torrid week for the GBP AUD pair. The Pound had fallen briefly below 1.73 so it is encouraging there has been a bounce higher with 1.75 in its sights. This is more to do with a small win for the Pound after reports suggest there could be a way forward for Brexit using parts of what is knows as the "Jersey model" as a...
How the UK election, Brexit and the US China trade war is affecting GBP/AUD
The Australian dollar has been rising in value as investors predict improvements in the sentiment towards the trade disputes with China and the US. The outlook on this has generally related to how investors view global trade, with the currency market having generally favoured the Australian dollar when it appears the global economy is performing well.
The Australian dollar is a key exporter of raw materials such as Iron Ore, Copper and also Aluminium, which are used in many Industrial processes globally. Signs therefore that...
Australian Dollar gains ground on Sterling: Politics weighs on the Pound and Australian data...
Sterling weakens against the Australian Dollar as political uncertainty continues
The Pound to Australian dollar interbank rate has dropped into the 1.78s in morning trading, which is a loss of almost 1%. Sterling has weakened a little against all major currencies due to concerns as to how the political issues the UK are facing may work out, with today being very important for Prime Minister Boris Johnson.
He may face a vote of no confidence which in turn could then ultimately lead to him calling a...
GBP AUD Heads for April Lows After UK Data
The GBP AUD exchange rate slumped over the last three weeks as the pound rally was extinguished. This week’s inflation and wages figures have the pound sterling on the back foot again, as the pair heads for April lows. That is despite a potential 50bps rate hike coming from the BoE. Meanwhile, Australia is on alert for a possible outbreak of foot and mouth disease, which appeared in Melbourne.
The GBP to AUD rate trades at 1.7379, with the 1.7200 lows from April in focus.
The...
