In spite of last week’s test higher, GBP AUD starts this week lodged in the 1.4900s, within 4c of its 27-year low. Foreign Currency Market Update – GBP / AUD Update For the fourth week in succession, last week’s high on GBP AUD was higher than the previous week’s. The pair briefly eased back above [...]
Exchange Rate Forecasts
Posts Tagged ‘Australian Dollar’
The forward move for GBP AUD was triggered by the news that four large US retail banks had failed the most recent Federal Reserve stress test
Monday, March 19th, 2012The AUD came under further selling pressure in the middle part of last week
Monday, March 12th, 2012This week’s highlight is likely to be provided by the release of the RBA’s Bulletin in the early hours of Thursday morning. Foreign Currency Market Update – GBP / AUD Update Last week saw the GBP AUD exchange rate once again show signs of life, following its horror run of nine consecutive near-term weekly lows [...]
The Pound rallied towards the highest level in three weeks against the US Dollar
Wednesday, February 29th, 2012The Euro found support below 1.34 against the U.S Dollar yesterday but recovered through the course of the day. Sterling / Euro and US Dollar exchange rates The Pound rallied towards the highest level in three weeks against the U.S Dollar yesterday, after a report from the Confederation of British Industry showed that an index [...]
The past seven days have seen Sterling buck its recent run of losses against the Australian Dollar
Monday, February 27th, 2012The Pound showed signs of steadying its ship against the Australian Dollar last week. This was largely due to an easing of support for the risk sensitive AUD, rather than any pronounced support for Sterling. Foreign Currency Market Update – GBP / AUD Update The past seven days have seen Sterling buck its recent run [...]
The Pound remained largely unchanged against the Euro exchange rate
Wednesday, February 22nd, 2012The Euro still looks overly sold and the news about a second bailout for Greece has added a bit of positive sentiment to the single currency. Sterling / Euro and US Dollar exchange rates The Pound remained largely unchanged against the Euro in early trading yesterday, despite reports overnight that Greece had won a second [...]
The Pound gained for a fourth straight day against the U.S Dollar exchange rate
Tuesday, February 21st, 2012The Pound is gaining on rising speculation that the Bank of England will refrain from engaging in further quantitative easing. Sterling / Euro and US Dollar exchange rates The Pound gained for a fourth straight day against the U.S Dollar, rising through 1.5850, after a report yesterday showed that UK house prices increased this month, [...]
Last week’s session saw the GBP AUD exchange rate break to a 27-year low
Monday, February 20th, 2012The GBP AUD technical outlook continues to appear grim for clients requiring Australian Dollars any time soon. Foreign Currency Market Update – GBP / AUD Update Last week’s session saw the GBP AUD exchange rate break to a 27-year low for the ninth week in succession, confirming the pair’s strong downtrend since the turn of [...]
The Pound declined against the higher-yielding currencies again recording yet another 27-year low of 1.4560 against the Australian Dollar
Thursday, February 16th, 2012The Euro struggled to push through resistance in the region of 1.32 against the Dollar. Pound Sterling / Euro and US Dollar exchange rates The Pound declined against the higher-yielding currencies again, recording yet another 27-year low of 1.4560 against the Australian Dollar and this now represents the ninth consecutive week that the Pound has [...]
GBP AUD Rate Continues To Trend Downwards
Monday, February 6th, 2012Even a trimming of domestic interest rates by Australia’s central bank tonight might not be enough to cause a shift out of the Aussie. Foreign Currency Market Update – GBP / AUD Update Sterling continued to flounder against the go-ahead Australian Dollar during last week’s session. This saw the GBP AUD exchange rate break down [...]
The Pound broke down to a new multi-year low of 1.4686 against the Australian Dollar
Monday, January 30th, 2012If Greek debt negotiations fail to yield fruit sooner rather than later, then the GBP AUD exchange rate may stop bumping along the bottom of its range. Foreign Currency Market Update – GBP / AUD Update The Pound broke down to a new multi-year low of 1.4686 against the Australian Dollar last Thursday, breaching the [...]
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