Posted by: Rewan Tremethick
Date: March 27th, 2017.
Rising hopes of an interest rate hike from the Bank of England (BoE) and weakening iron ore prices allowed the GBP AUD exchange rate to climb 2.5% to a seven-and-a-half-week high of 1.64 over the past seven days. GBP AUD climbed notably higher on Tuesday after the latest UK inflation data was released. The February [...]
The Pound to Australian Dollar exchange rate recovered from its earlier dip on Tuesday as investors piled into the British currency after the day’s impressive UK inflation stats. The pairing recovered from 1.59 to 1.61. Sterling rebounded from its lows against the Australian Dollar as demand for the ‘Aussie’ weakened. GBP/AUD went on to extend [...]
While the Pound recovered against many major rivals on Monday morning, GBP/AUD trended flatly as the Australian Dollar also saw increased demand. GBP/AUD lost around half a cent last week but managed to hold 1.61. The pair remained in this region on Monday but could slip to 1.60 if the Pound fails to keep up [...]
Posted by: Oliver Meredew
Date: March 6th, 2017.
Although the rising odds of the Federal Reserve increasing interest rates in March helped the Pound hold its own against the Australian Dollar last week, the GBP AUD pairing dipped slightly as investors look ahead to the Reserve Bank of Australia (RBA) policy meeting and the UK’s Spring Budget. Last week saw the Pound start [...]
Fears over the UK economic outlook and the future of Australian monetary policy saw the GBP AUD exchange rate trading widely. GBP AUD fluctuated wildly last week, striking a low of 1.61 on Wednesday, but quickly rebounding before briefly spiking to a high of 1.63 on Friday. The ‘Aussie’ had weakened on Tuesday after the [...]
The Pound to Australian Dollar exchange rate advanced on Monday as investors dwelt on the possibility that the House of Lords may make amendments to the Article 50 bill before it is passed and Brexit proceedings begin. The interbank GBP/AUD rate improved from 1.61 to 1.62. While the Article 50 bill passed through the House [...]
This week could be a stormy one for the Pound Australian Dollar exchange rate, with the UK set to release potentially influential inflation and employment figures. Last week saw the Pound start and finish trading in the region of 1.62 against the ‘Aussie’, with GBP unable to hold the 1.64 level seen towards the end [...]
Posted by: Josh Jeffery
Date: February 6th, 2017.
Last week Australia’s trade surplus impressed traders and the Pound Australian Dollar exchange rate accordingly plummeted from an interbank rate of 1.66 to 1.62, but the pair could make a recovery from its lowest levels this week. The Pound was on the back foot against most of its currency rivals last week, recording losses against [...]
Investors were discouraged to find that the Australian Consumer Price Index had fallen short of forecasts in the fourth quarter, undermining confidence in the outlook of the domestic economy. As inflationary pressure unexpectedly dipped from 0.7% to 0.5% on the quarter, the appeal of the ‘Aussie’ slumped sharply. The downside disappointment prompted renewed speculation that [...]
Posted by: Josh Jeffery
Date: January 24th, 2017.
The Pound to Australian Dollar exchange rate firmed ahead of this week’s UK Supreme Court judgment, but following the decision GBP investors were slightly disappointed. Concerns about a potential second Scottish independence referendum rose and GBP AUD failed to hold its best levels. While many analysts expected Sterling to advance if the UK Supreme Court [...]
© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.