Coronavirus Remains Outlook Focus for Australian Dollar as Fears Lighten
AUD on the Rise as Coronavirus Threat Looks to Lighten
AUD Gains Could Continue Bullish Pattern on China Trade Developments
Coronavirus Will Remain the Focus for AUD Outlook but Aussie Data Also Looms
The coronavirus remains the key factor to the Australian dollar’s success in the weeks to come. After several weeks at the bottom of the trading pile due to the outbreak of the coronavirus, the Australian dollar appears to be benefitting from an increased market risk sentiment. The lift in the market’s...
GBP to AUD Forecast: Will the Pound continue to improve against the Australian Dollar?
GBP to AUD Forecast: The Pound continues its fantastic run against the Australian Dollar
The Pound has been performing very well against the Australian Dollar in recent weeks gaining by as much as 9 cents since the start of December. This is a difference of £5,850 on a currency transfer of AUD $200,000.
This particular statistic highlights the importance of keeping up to date with what is happening to the foreign exchange markets and especially the GBP/AUD exchange rate which has moved a huge amount in...
Australian Dollar suffers on rate hike outlook and global fears
The Australian Dollar has taken a few steps back as the market's recent ascendancy fails to continue. The Australian Dollar has suffered with the market not believing any interest rate hikes will be quite as forthcoming as it might be down the line, as confirmed by the RBA, (Reserve Bank of Australia) earlier this week.
The Pound to Australian Dollar exchange rate has risen presenting some much better opportunities to be buying Australian Dollars with Pounds, some of the best in the last week. This...
Will the pound get stronger? Growth figures show a surprise positive reading on Friday
The UK looks set to avoid a recession in 2022 as GDP data was announced on Friday. The UK economy grew by 0.1% in November, with the services sector providing a welcome boost when a 0.2% expansion was announced.
This came as a surprise to many forecasters, with a 0.3% GDP contraction the market expectation. Despite this, the pound failed to make any significant gains against the Euro, finishing the week trading at 1.1280 – a near 0.75% decrease since markets opened on Monday.
The Pound...
Will the pound rise or fall this week?
The pound could be in for a good week with a series of important economic releases scheduled which might create some good short-term opportunities for clients looking to buy or sell the pound. Personally, I expect the pound to struggle as recent confidence that the UK will raise interest rates starts to ebb away.
The pound has been falling ever since the Bank of England confirmed no rate hike, perhaps for this year and not until 2019. The market was very hopeful of a stronger...
GBP to AUD: Australian Dollar Holds Firm as UK Manufacturing Data Does Not Do...
Investors were keen to find out the results from the UK manufacturing data which was released just yesterday. The data was to be an important figure as the New Year arrived and had the potential to send the GBP upwards in the GBP/AUD exchange rate. However, the result showed a slight upward revision of the finalised UK manufacturing PMI, but this was not enough to prevent the GBP from spiralling to its second weakest level since 2012. Meanwhile, the AUD has found further support...
Pound to Australian Dollar forecast: Could the escalating tensions between the US and China...
Earlier this morning the pound to Australian dollar exchange rate traded close to the 1.80 interbank threshold which it has remained below for over a month now. The Australian dollar has been coming under pressure as the trade war talks between the US and China appear to have deteriorated quite drastically over the past few weeks. This has resulted in a sell-off within global stock markets.
US stocks markets record biggest fall in 2019: US China trade war ramps up
Yesterday, the Dow Jones fell by...
Australian Retails Sales significantly improves
Australian retailers experienced the best sales data in twelve months last quarter. This can be put down to discounts pushing goods off of shelves. Consumer spending is helping the Australian economy maintain momentum.
Data from the Australian Bureau of Statistics (ABS) showed that the June quarter rose to 1.2%; the best outcome in more than a year and above the 0.8% estimation.
This is good news as retail sales has been poor of late. Australians have been forced to spend their hard earned money on necessities...
GBP AUD Looks to Advance above 1.8600
The GBP AUD exchange rate started the year 0.20% higher at 1.8650 as the pair tried to escape a tight trading range from December. The Australian and UK economies are both experiencing high record high virus case numbers and that could weigh on the exchange rate with little economic data ahead.
The GBP to AUD trades has resistance above the 1.8800 level with only RBA charting data released on Wednesday.
Australia bracing for higher cases into late-January
South Australia’s state premier, Steven Marshall, has warned that case...
Brexit delayed once again and the impact on the Pound vs the Australian Dollar
Boris loses once again
After what has been a very interesting month so far with Brexit this weekend saw parliament sit for the first time on a Saturday since the Falklands War.
GBP/AUD exchange rates have recently been trading very close to 1.90 but the Pound has so far failed to hold on to its gains.
Over the weekend Boris Johnson failed to get the support needed to get the most recent Brexit Withdrawal Bill approved.
Another Brexit vote expected today?
Later today Boris Johnson is looking to have...
