Coronavirus Remains Outlook Focus for Australian Dollar as Fears Lighten

BoE Interest Rate Decision: Pound Sterling Could Rebound and Edge Over the Australian Dollar

Investors with a focus on the Pound to Australian Dollar exchange rate will be listening well this week as the Bank of England is set to announce its interest rate decision. The rate began trading last week at around $1.88 AUD after the risk-sensitive AUD continued to benefit from the previous week’s signing of the ‘phase one’ US-China trade deal. But now it seems that rising criticism is shooting this optimism down as concerns mount that the two superpowers may once again be on...
Australian Dollar Jobs Data: Strong Performance to Match That of the Pound Sterling

Australian Dollar Jobs Data: Strong Performance to Match That of the Pound Sterling

Both the Australian dollar and pound sterling are benefitting from the arrival of positive jobs data this week. The pound kicked the week off as one of the weeks top performers after their UK data saw a record high employment rate and a steady wage growth rate. Now it appears to be the AUD’s turn to take advantage of desirable jobs data figures. The GBP/AUD is still trading at high levels despite a slight drop from Wednesday’s monthly highs, but this optimism may give...
Australian Dollar Volatile as it Awaits Labour Force Report as GBP Rises on BoE Rate Cut Bet Reversal

Australian Dollar Volatile as it Awaits Labour Force Report as GBP Rises on BoE...

Today will be an important day for the Australian dollar as it awaits its labour force report which is due later today. Recent dovishness from the Reserve Bank of Australia (RBA) has seen the Aussie suffer of late, and with the pressure piled on from the recent bushfires, the AUD investors will be hoping that the labour data can provide something for a turnaround. The Australian dollar has also been hit with the worries of the Coronavirus which has spread from China, investors are...
Australian Dollar Strengthens After Strong Inflation Data as GBP Faulters on BoE Decision

Pound Sterling Edges Over Australian Dollar as UK Employment Data Eases BoE Bets

The UK economy received an uplift in the early morning yesterday as the release of the UK employment data was unveiled. Investors were hoping for positive news after a recent run of poor data which had tipped bets to around a 70% chance of the BoE making a rate cut by the end of January. The investors prayers were answered, and the employment data came as a shock surprise and lifted the GBP out of its previous soft state. GBP has now edged over...
Australian Dollar Knocks Back Sterling as Risk Sentiment Recovers and RBA Keeps Cash Rate Steady

Pound Sterling and Australian Dollar Left Flat After Disappointing Performances Add More Pressure

The GBP/AUD exchange rate stumbled yesterday after the pairing came under renewed pressure according to rating agency Moody’s. Both currencies have felt the pressure in recent weeks. GBP has come under scrutiny after recent dovish remarks from the Bank of England (BoE) saw the Pound sink. The UK also has upcoming economic data which may pile on the pressure as analysts warn that UK GDP could slow even further. Meanwhile, AUD has suffered after an underwhelming response to the global trade outlook. The market...
GBP to AUD Forecast: Australian Dollar Remains Under Pressure Despite Coronavirus Pace Slowdown

GBP to AUD: How Could This Week’s Economic Data Weaken the Australian Dollar Against...

Despite a solid performance from the Chinese economy’s GDP in the fourth quarter of 2019, this was not enough for the Australian dollar to rally over the weekend. Investors are looking ahead to upcoming data releases for a boost. However, the market warns that the upcoming consumer confidence index for Australia may not return a favourable figure. Investors are also keen to observe the results from this Thursday’s labour market data as any negative outcomes will weigh heavy on the cautious Reserve Bank of...
Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

Pound Falls Against Australian Dollar Owing to Poor UK Retail Sales

Pound Australian Dollar rates fall owing to Retail Sales The Pound has fallen against the Australian Dollar at the end of the week after some very disappointing UK economic data. UK Retail Sales showed a drop year on year for December to 0.9% from the expectation of 2.6%. This highlights a real problem for the high street in what is typically one of its busiest periods of the year. The Bank of England have already hinted that they may be gearing up to cut interest rates so with...
GBP to AUD Exchange Rate: Pound Boosts Higher on Strength as Aussie Slides on Economic Troubles

Pound to Australian Dollar Forecast: AUD Domestic Weakness Pushes RBA Towards Rate Cut

Both the Australian dollar and the pound have come under fire in the past week. The AUD’s recent poor performance in the domestic economy has forced Wall Street bank Morgan Stanley into entering 2020 with a bearish stance on the currency. The bank suggests that a poor performance in the domestic economic figures will ultimately force the Reserve Bank of Australia (RBA) into cutting their interest rates. Meanwhile, concerns over the Bank of England’s future monetary policies are still up the air. Recent dovishness...
Australian Dollar Could Decline Further as Unemployment Spikes, Rate Cut Looms

CBA Forecasts GBPAUD to Decline Due to a Potential January Bank of England Rate...

Representatives from the Commonwealth Bank of Australia have released predictions which suggest that the Pound is likely to suffer against the Australian Dollar should the Bank of England make an interest rate cut in January. The proposed potential date of a rate cut from the BoE would be on the 30th January, and markets are not in a position to react to such an outcome. Potential Rate Cut From BoE Would See the GBP Sink Recent comments surfaced from three members of the Monetary Policy Committee...
GBP to AUD rate declines

GBP to AUD: Australian Dollar on the Rise Due to Positive Trading Data From...

The Australian dollar shot up over night after the release of China’s positive trade numbers for December were revealed. Being closely linked in trade with China, the Aussie economy also received an uplift after the news surfaced. With a recent run of bad luck for Australia, this data and the upcoming signing of the US-China trade deal may be just what the currency needs to start a turnaround. Meanwhile, the GBP has suffered further losses after bets are increasing on a Bank of England...