GBP AUD Weak as RBA Governor Signals 50bps Hike 

GBP AUD Lower as Australia Delays Border Reopening

The GBP AUD exchange rate was lower by -0.25% on Monday despite Australia delaying the reopening of its borders due to fears over the new coronavirus variant. In the UK, Boris Johnson declined a request from Scotland and Wales to enforce quarantines. Tuesday has third quarter economic growth for Australia with analysts expecting a contraction due to the recent lockdowns. The GBP AUD exchange rate was trading at 1.8675 after giving up some of Friday’s gains. Australia delays reopening of borders over new virus variant Australia has...
GBP USD Exchange Rate Continues to Pull Away from March 2020 Low 

GBP USD Tests 11-Month Low Amid Omicron Concerns

The pound plunged to within striking distance of an 11-month low on Monday as investors considered the impact of the Omicron coronavirus variant on the British economy. The prospect of further lockdowns is dampening expectations of rate hikes – a key factor that has propped up the pound in recent times – prompting investors to reduce bets on the Bank of England tightening monetary policy in December. Having briefly dipped below 1.33 again on Monday, GBP USD was hovering above the benchmark this morning. Dollar firms following...
GBP EUR Could Head Lower After Growth Revisions

GBP EUR Higher as German Inflation Hits 5%

The GBP EUR exchange rate was higher by 0.40% on Monday, erasing much of Friday’s variant panic selling. German inflation was shown at 5% on Monday with analysts expecting a reading of 4.5%. The number would be a headache for the ECB, but traders will be looking ahead to the deflationary effects of a lockdown. The GBP EUR was trading at 1.1825 which was the August high and will be initial resistance. ECB sees November as the inflation peak, Germany at 5% Commenting on the European inflation...
GBP AUD Weak as RBA Governor Signals 50bps Hike 

AUD GBP Struggles for Direction with Retail Sales Due

The AUD GBP exchange rate was flat for a second day as traders await retail sales data from the Australian economy. Consumer confidence was higher this week which could suggest an improvement and retailers are hopeful of a Black Friday splurge. A Bank of England policymaker has hinted at a rate increase if the jobs market continues to rebound. The AUD GBP exchange rate will have no economic data on Friday and is looking for direction at the 0.5400 level. Australia post predicts biggest black Friday...
GBP EUR Exchange Rate: The Week Ahead June 12th

EUR GBP Looks for Another Push to 2020 Lows

The EURGBP exchange rate is starting the week under the 0.8400 level after the pound sterling strengthened on economic data last week. Europe is caught up in another virus wave which is threatening lockdown in the bloc’s largest economies. The pound has seen further rate hike expectations with the Bank of England expected to increase borrowing costs at their next meeting in December. The EUR to GBP rate trades at the 0.8370 level with 2020 lows closer to 0.8300. Germany and Austria start the ball rolling...
GBP EUR Exchange Rate: The Week Ahead June 12th

EUR GBP Bounces from Four Day Losing Streak

The EUR GBP exchange rate was 0.40% higher on Thursday as the euro erased much of the losses from Wednesday’s UK inflation report. The pound sterling has been on a four-day winning streak against the euro but some profit taking may be setting in. Higher inflation and stronger inflation fuelled expectations of a December rate hike by the BoE. The EUR v GBP was trading at 0.8420 after a jump back above the 0.8400 level. Coronavirus lockdowns back on the table for Europe Austria looks to be...
GBP AUD Weak as RBA Governor Signals 50bps Hike 

AUD GBP Drops on RBA Minutes and UK Jobs Data

The AUD GBP exchange rate was lower by -0.50% on Tuesday after the latest RBA minutes held a dovish path on rates. The central bank’s Governor Philip Lowe also said that inflation should be subdued. The pound was supported by UK employment figures which showed resiliency despite the end of furlough. The AUD GBP exchange rate was trading at 0.5445 and inflation data today for the pound could be another catalyst. RBA minutes and Lowe speech weigh on Aussie dollar The Australian dollar was waiting on the...
GBP EUR Exchange Rate: The Week Ahead June 12th

GBP EUR Exchange Rate: Week Ahead November 13th

The GBP EUR exchange was slightly higher on the week but the pound sterling is reeling from a recent sell-off and could see further lows. The pound was looking for support after the recent backtrack on rates from the Bank of England. Sterling did not get much support due to ongoing scandals with the Conservative government and a weaker than expected GDP number. German GDP also came in flat and European countries saw their growth upgraded by the European Commission. The GBP v EUR was...
GBP EUR Exchange Rate: The Week Ahead June 12th

EUR GBP Moves Higher on Growth Prospects

The EURGBP exchange rate was higher on Thursday as the economic growth for the eurozone was lifter this year, while the UK’s latest quarterly figures were a disappointment. The pound sterling has also been weighed by the recent Article 16 worries. The EUR to GBP rate trades at the 0.8565 level and faces resistance at the 0.8600 level. UK growth comes in lower than expected to September The UK economy is coming close to its pre-pandemic levels of growth, with city analysts applauding the recovery. Official figures showed...
GBP USD Jumps to Fresh March High

GBP USD Plummets to Lowest Level of 2021

The pound sunk to its lowest level this year against the dollar after the UK economy grew at a slower pace than expected in the third quarter. The UK currency fell below the 1.34 support level for the first time since December 2020, when fears of a no-deal Brexit spooked investors. Data released by the Office for National Statistics (ONS) on Thursday showed the UK economy grew 1.3% in the third quarter, falling short of economists’ forecasts of 1.5%. It also represented a striking slowdown from...