The GBP AUD exchange rate confirmed the uptrend Foreign Currency Market Update – GBP / AUD Update The GBP AUD exchange rate confirmed the uptrend which it has been on since the middle part of February during last week’s session in the currency markets, by breaking to a new seven and a half month high [...]
Australian Dollar Exchange Rate Forecasts
GBP-AUD Update Category
Pound to Australian Dollar Forecast: The GBP AUD exchange rate confirmed the uptrend
Monday, May 21st, 2012Pound to Australian Dollar Forecast – Sterling surged against the Australian Dollar during last week’s session
Monday, May 14th, 2012The GBP AUD exchange rate has started this week’s session holding just above the 1.6000 level. Foreign Currency Market Update – GBP / AUD Update Sterling surged against the Australian Dollar during last week’s session, taking the GBP AUD exchange rate to a new 7-month high of 1.6080. The upward move for the pair was [...]
The Australian Dollar came under pronounced selling pressure at the start of last week’s session
Monday, April 30th, 2012The near-term direction for GBP AUD hinges on the Reserve Bank of Australia’s interest rate decision, which is set to be announced early tomorrow morning. Foreign Currency Market Update – GBP / AUD Update The Australian Dollar came under pronounced selling pressure at the start of last week’s session, taking the GBP AUD exchange rate [...]
The Australian Dollar struggled to assert itself against the Pound in the first two days of last week
Monday, April 23rd, 2012GBP AUD has opened this week’s session trading below Friday’s yearly high, hinting that the lustre afforded the Pound by strong UK data last week is beginning to wear off. Foreign Currency Market Update – GBP / AUD Update The Australian Dollar struggled to assert itself against the Pound in the first two days of [...]
The Pound limped to another 2012 high against the Australian Dollar
Monday, April 16th, 2012The pull-back in the GBP AUD rate in the latter part of the week was driven by the release of Australian labour market figures which significantly bettered analysts’ predictions. Foreign Currency Market Update – GBP / AUD Update The Pound limped to another 2012 high against the Australian Dollar during the middle of last week’s [...]
The Australian Dollar suffered a torrid time on the currency markets
Monday, April 2nd, 2012Market participants have increasingly factored-in a potential cut in Australian interest rates. Foreign Currency Market Update – GBP / AUD Update The Australian Dollar suffered a torrid time on the currency markets last week, losing almost 2% of its value against the Pound, which was the strongest performing major. This saw the GBP AUD exchange [...]
A weakening of the Australian Dollar saw the GBP AUD exchange rate rally to 1.5294
Monday, March 26th, 2012The Australian Dollar ended the week on a firmer footing, following a decent performance for global stock markets on Friday. Foreign Currency Market Update – GBP / AUD Update A weakening of the Australian Dollar saw the GBP AUD exchange rate rally to 1.5294 during last Thursday’s session. This was the pair’s highest level this [...]
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, 2012In 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 [...]
The 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 [...]
Sterling spent last week very much on the back foot as a decision on the second Greek bailout approached
Monday, March 5th, 2012Sterling is back on the offensive. We see resistance around the 1.2100 level but momentum is undeniably in the Pound’s favour. Foreign Currency Market Update – GBP / AUD Update Sterling spent last week very much on the back foot as a decision on the second Greek bailout approached. However, despite releasing €58bn to relieve [...]
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