GBP AUD Dips Again Ahead of BoE Rate Decision

GBP AUD Dips Again Ahead of BoE Rate Decision

The GBP AUD exchange rate was -0.33% lower as the Aussie dollar gained further from the RBA’s higher-than-expected interest rate hike. The hawkish move surprised markets and hinted at more to come from the bank. In the UK, the housing market remains supported. The GBP to AUD traded at 1.17550 with supports heading down to 1.7200. Australian central bank got the rate hike ‘right’ George Washington University’s Assistant Professor of Economics Steven Hamilton said he doesn’t think there was “any doubt” that the Reserve Bank was going...
GBP AUD Lower After PMI Data Weakness  

GBP AUD Drops After Surprise RBA Rate Hike

The GBP AUD exchange rate was sharply lower after the Reserve Bank raised rates higher than expected in their May meeting. The expectation was for a hike to 0.25%, but many thought they would wait until after the upcoming election before taking action. The GBP to AUD touched the 1.17648 figure ahead of the RBA decision. Australian central bank shocks markets with hawkish turn Australia’s central bank shocked markets with a bigger-than-expected hike of interest rates in the middle of an election campaign. Having abandoned patient rhetoric two...
GBP AUD Looks for a Push Higher from RBA

GBP AUD Looks for a Push Higher from RBA

The GBP AUD exchange rate was looking for another push as the pair awaits an RBA interest rate decision. The RBA has been urged to drop politics and raise rates during the election campaign, rather than after it, but may disappoint the hawks. Manufacturing data was strong down under as the country bucks the worst of the Ukraine war. Attention now turns to the interest rate outlook which will be clearer for the pair after the RBA update. The GBP to AUD touched the 1.1800...
GBP AUD Lower with Inflation at 20-Year High

GBP AUD Lower with Inflation at 20-Year High

The GBP AUD exchange rate was -0.36% lower on Wednesday after the release of Australian inflation figures. The latest data saw the inflation rate soaring to a 20-yr high of 5.1% and will stoke the fire of RBA rate hike expectations. The GBP to AUD was trading at 1.7570 with the pound sterling on the back foot again. Australian inflation soars to 5.1% on fuel and home building costs Headline inflation surged to 5.1 per cent in the first three months of the year in Australia, the...
GBP AUD Moves Lower After UK Inflation Report

GBP AUD Slumps on UK Borrowing Figures

The Pound to Australian Dollar exchange rate was -0.60% lower higher on Tuesday after the release of UK government borrowing figures. The UK government borrowed more than expected in March and overshot its own target by almost 20%, according to figures published by the Office of National Statistics (ONS). The GBP to AUD was trading at 1.7630 ahead of the latest Australian inflation figures. UK borrowing halves, but still near record highs in March The UK government borrowed more than expected in March and overshot its own...
GBP AUD Jumps on UK Employment Surprise

GBP AUD Pushes Higher Despite Weak Manufacturing

The GBP AUD exchange rate was 0.44% higher on Monday with the pair trying to continue a recent rally. Manufacturing figures were pressured by supply chains and inflation in the UK. The country will see the latest government borrowing figures today. Australia also awaits the release of its own inflation number. The GBP to AUD was pressing higher with a move to almost test the 1.7900 figure. UK manufacturing industry pressured by costs and supply chains UK manufacturing confidence dropped at the fastest pace since the first...
GBP AUD Consolidates with UK Employment Due

GBP AUD Looks to Continue the Recent Recovery

The GBP AUD exchange rate was higher for a second week as the pound sterling looks to shrug off Ukraine-related losses. Modelling has suggested that Australia could be amongst the biggest economic losers from a new cold war. Economic data for the week will hinge on the inflation numbers from Australia on Tuesday as the RBA could feel the heat from price pressures. The GBP to AUD was pressing the 1.7722 level with resistance ahead at 1.7900 and 1.8100. Australia could lose out in prolonged war...
GBP AUD Consolidates with UK Employment Due

GBP AUD Lower Ahead of Australian Retail Figures

The GBP AUD exchange rate was -0.22% lower on Wednesday with Australian retail sales figures set to be released. Economists will be looking for the economy to rebound from the 1.8% growth seen in the previous month. The GBP to AUD was trading at 1.7620 after the central bank comments. Australian leaders clash on China during tv debate Australia’s prime minister and the opposition leader clashed over the country's tumultuous relationship with China on Wednesday in the first leaders' debate ahead of the May 21 election. The opposition...
GBP AUD Dips Again Ahead of BoE Rate Decision

GBP AUD Lower Following RBA Meeting Minutes

The GBP AUD exchange rate was -0.35% lower on Tuesday after the release of the latest Reserve Bank meeting minutes. Comments from the April board meeting warned that the rise in inflation has likely brought forward the timing of the first rate since 2010. The GBP to AUD was trading at 1.7620 after the central bank comments. Economists still don’t expect an interest rate move before elections The Reserve Bank of Australia said that inflation and wages growth is now running hot enough to bring forward interest...
GBP AUD Higher After Retail Sales Releases

GBP AUD Awaits RBA Meeting Minutes  

The GBP AUD exchange rate was trading higher on Monday as the pair awaits the latest Reserve Bank meeting minutes. With traders now pricing in a June rate hike, after the Federal Election, the latest policy comments may not offer much change. Tuesday brings the Westpac leading index for Australia in a light week for UK data. The GBP to AUD is trading at 1.7660 as the week’s trading begins. Joyce calls for more coal mines in Australia for healthcare Deputy Prime Minister Barnaby Joyce said it...