Even 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 [...]
Australian Dollar Exchange Rate Forecasts
GBP-AUD Update Category
Pound to Australian Dollar Exchange Rate Forecast – GBP AUD Rate Continues To Trend Downwards
Monday, February 6th, 2012Pound to Australian Dollar Forecast – 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 [...]
Pound to Australian Dollar Forecast – The Pound has started 2012 firmly on the back foot against the Australian Dollar
Wednesday, January 25th, 2012There appears little hope that positive UK data releases will push the Pound higher against the Aussie in the coming week. By John Cameron Foreign Currency Market Update – GBP / AUD Update The Pound has started 2012 firmly on the back foot against the Australian Dollar, sending the GBP AUD pair to a new [...]
Pound Sterling to Australian Dollar Foreign Currency Exchange Rate Forecast – The Aussie dollar rose strongly in October
Tuesday, November 15th, 2011By Jon Beddell Foreign Currency Market Update – GBP / AUD Update The Aussie dollar rose strongly in October as stock markets rebounded sharply from the late summer sell off. As investors waded back into stocks and riskier assets, demand for safe haven currencies waned, while high yielding currencies came back into vogue. Around Halloween [...]
Pound Sterling to Australian Dollar Foreign Currency Exchange Rate Forecast – AUD stable as stocks rebound…
Wednesday, August 24th, 2011By Jon Beddell Foreign Currency Market Update – GBP / AUD Update The Aussie dollar has been on the back foot since the stock market rout gained momentum in early August. Typically investors sell high yielding assets when fear grips the markets, and this was no exception. The Aussie currency lost as much as 10% [...]
Pound Sterling to Australian Dollar Foreign Currency Exchange Rate Forecast – Exchange Rate Hits New Record Low…
Thursday, July 28th, 2011By Jon Beddell Foreign Currency Market Update – GBP / AUD Update Last week’s UK economic data was closely watched but did not produce any major surprises. The UK’s monetary policy committee voted 7-2 to keep interest rates at record lows this month according to the minutes released last Wednesday. The two dissenters were in [...]
Pound Sterling to Australian Dollar Foreign Currency Exchange Rate Forecast – Sterling rebounds from record lows
Monday, July 18th, 2011Foreign Currency Market Update – GBP / AUD Update After falling to the lowest level on record last week Sterling has staged a rebound, surging by over 3 cents. Stellar economic data cannot be said to have been the major driver of price movement. True, retail sales contracted less than expected in June, but were [...]
Pound Sterling to Australian Dollar Foreign Currency Exchange Rate Forecast – No rate hikes from RBA or BOE…
Wednesday, June 15th, 2011By Jon Beddell Foreign Currency Market Update – GBP / AUD Update UK industrial production fell 1.2% on the year in figures released last week, compared to expectations of no change. That was largely accounted for by a 1.7% fall in the month of April. Interest rates were kept on hold in perhaps the least [...]
Pound Sterling to Australian Dollar Foreign Currency Exchange Rate Forecast – Sterling Lacklustre, but Risk Aversion Hurting Aussie…
Wednesday, May 25th, 2011By Jon Beddell Foreign Currency Market Update – GBP / AUD Update A sharp rise in retail sales for April failed to give Sterling much traction in the market last week. Sales rose 2.8% on the year, but most commentators put this down to the royal wedding and associated bank holidays. After moderating slightly in [...]
Pound Sterling to Australian Dollar Foreign Currency Exchange Rate Forecast – Sterling tests record lows…
Tuesday, May 3rd, 2011By Jon Beddell Foreign Currency Market Update – GBP / AUD Update As the UK effectively ground to a halt over the last two weeks the celebrations were notably absent from the markets as Sterling continued to slide against most of its counterparts. Last week’s main event (aside from the wedding) was the announcement of [...]
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