GBP AUD at Risk of Further Losses Ahead of Data

GBP AUD at Risk of Further Losses Ahead of Data

The GBP AUD exchange rate has been higher for two consecutive weeks but the bounce has not shown strength. The pound sterling could see further losses with UK unemployment and inflation ahead this week. First up will be the RBA minutes of their recent meeting. The UK also has political risk with the threats of triggering Article 16. The GBP to AUD trades at 1.1825 ahead of the RBA minutes, while there is also a speech due from governor Lowe. Australian government slammed for weak climate...
GBP AUD Gets a Lift but Sterling Still Weak

GBP AUD Exchange Rate: The Week Ahead November 14th

The GBP AUD exchange rate was higher on the week after the pound suffered from further unwinding of the rate hike bets. The Bank of England governor reiterated that the bank will “have to act”. A former MPC member was more sceptical and said that investors should take the bank’s views with a pinch of salt. UK economy showed employment was back at pre-virus levels. For the Australian economy there was disappointing jobs data with unemployment surging to 5.2%. The GBP to AUD was trading...
GBP AUD Weakens Ahead of Aussie Jobs Report

GBP AUD Weakens Ahead of Aussie Jobs Report

The GBP AUD exchange rate was -0.46% lower ahead of the latest Aussie jobs report. Traders are expecting an additional 50k jobs in the economy after the -138k reading from the lockdown damage in the previous month. The UK has data this morning in the form of GDP for the recent quarter and trade balance figures. The AUD GBP exchange rate was trading at 1.8285 and will aim for the recent lows near 1.18100 with a strong jobs number. Reserve bank policy flaws exposed with market...
GBP AUD Rallies Ahead of Westpac Consumer Data

GBP AUD Rallies Ahead of Westpac Consumer Data

The GBP AUD exchange rate rallied from recent lows as it seeks to recover from an Aussie dollar correction. Traders had unwound bearish Aussie bets as the country moved to a reopening and reassessed the potential for an RBA rate hike. The pound is recovering as investors feel the recent bearishness may be overdone. The AUD GBP exchange trades at 1.8380 ahead of the latest Australian consumer data from Westpac. Australian economy ranked last in climate response The Australian government’s response to climate was ranked last in...
GBP AUD Gets a Lift but Sterling Still Weak

GBP AUD Gets a Lift but Sterling Still Weak

The GBP AUD exchange rate bounced by 0.10% on Monday as the British pound shrugged off recent selling. The pair now awaits the latest Westpac consumer confidence figures which will highlight the state of play ahead of the latest reopening. As we saw with the UK economy, Melbourne’s version of “Eat Out to Help Out” will warp future consumer and inflation numbers. The AUD GBP exchange trades at 1.8255 ahead of the latest data. Australian economy faces ‘downside risks’ from China slowdown Treasurer Josh Frydenberg has said...
GBP AUD at Risk of Further Lows After BoE Reversal

GBP AUD at Risk of Further Lows After BoE Reversal

The GBP AUD exchange rate ended the week slightly higher but surrendered early week gains after the BoE backtracked on an expected rate hike. The week ahead will see Westpac consumer confidence from Australia and a 3-month update on UK GDP. The AUD GBP exchange rate starts the week at 1.8234 after a recent sterling bounce faded. Australian inflation ‘moderate’ and ‘transitory’ says treasurer Treasurer Josh Frydenberg has said that inflation in Australia has been a lot more moderate than in other countries, despite a recent release...
GBP AUD Higher Ahead of Australian Retail Data

GBP AUD Higher Ahead of Bank of England Rates

The GBP AUD exchange rate was higher by 0.43% on Wednesday ahead of the Bank of England rate hike meeting. The pound sterling was boosted by services sector numbers and higher housing prices ahead of the BoE decision, which is widely expected to result in a rate rise. The AUD GBP exchange rate is trading near the 1.8400 level as the British pound rebounds. Traders expect the Bank of England to lift interest rates The Bank of England has its much-anticipated interest rate meeting today and traders...
GBP AUD After RBA Ditches Yield Control Program

GBP AUD After RBA Ditches Yield Control Program

The GBP AUD exchange rate surged higher by 0.70% on Tuesday after the latest Reserve Bank of Australia interest rate meeting. The RBA decided to abandon their defence of the 0.1% bond yield which led to an eye-watering bond market rally last week. Despite the obvious backtracking on inflation, the bank remained stubborn on interest rates. The AUD GBP exchange rate is trading at the 1.8287 level after a strong Aussie dollar in recent weeks. Reserve bank drops YCC, signals rate hike in 2023 As expected, the...
GBP AUD Weakens Ahead of Aussie Jobs Report

GBP AUD Lower as Sydney Opens International Border

The GBP AUD exchange rate was trading lower by -0.25% on Monday after Sydney opened its international borders. Markets are awaiting the latest RBA rate meeting and are expecting a change in attitude from the RBA. A recent surge in house prices may also draw comments from the central bank. The AUD GBP exchange rate is trading at the 1.8150 level as it awaits the interest rate meeting. Sydney reopens international borders The Aussie dollar got a boost from news that Sydney would be reopening its borders....
GBP AUD Weaker as Australia Reopens Borders

GBP AUD Continues to Unwind from Yearly Highs

The GBP AUD exchange rate was trading at 1.8200 on Friday as the unwind from the yearly highs above 1.19100 continues. The reopening path of New South Wales and Victoria has boosted the Aussie dollar and unwound the punishment dished out during the lockdown. The AUD GBP exchange rate will look to the RBA and Bank of England rate meetings this week for direction. Australian Reserve Bank meeting on Monday leads the pair The Reserve Bank of Australia meets this week to announce their interest rate plans...