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GBP to AUD Forecasts

Will GBP/AUD Climb on RBA Meeting Minutes?

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Date: July 17th, 2017.

The Pound to Australian Dollar exchange rate tumbled to a three-week low last week despite Sterling exhibiting strength against other majors. Even the assertion of a Bank of England (BoE) official that the central bank should discuss tapering quantitative easing (QE) in the near future was not able to help the Pound hold against a [...]

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The Pound Australian Dollar managed to make some strong advances last week, but poor trade data on Friday saw the Pound cede gains from the previous four days. The GBP AUD exchange rate closed the week in the region of 1.6945. GBP AUD exchange rates started the week on the decline, although both the UK [...]

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GBP/AUD Flat Ahead of RBA Decision

Posted by:
Date: July 3rd, 2017.

The Pound to Australian Dollar exchange rate trended flatly during Monday’s European session as investors awaited key economic news later in the week. Last week saw GBP/AUD put in solid gains, advancing from 1.6780 to around 1.6940. Monday’s UK data was disappointing and heightened concerns that the UK economy didn’t perform as strongly in June [...]

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The tone of the Reserve Bank of Australia’s (RBA) June meeting minutes proved relatively upbeat, encouraging investors to favour the Australian Dollar. While policymakers remain concerned by the relative heat of the domestic housing market the general outlook is more positive, with growth forecast to accelerate further in the coming months. Coupled with growing doubts [...]

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The appeal of the Australian Dollar was boosted by better-than-expected labour market data on Thursday. May’s unemployment rate showed an unexpected dip from 5.7% to 5.5%, pointing towards greater underlying strength in the Australian economy. This stronger showing encouraged hopes that the Reserve Bank of Australia (RBA) will continue to adopt a more positive view [...]

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The Pound has been struggling against the Australian Dollar today, falling by -0.3% following last week’s UK general election-inspired losses. GBP/AUD hit its worse levels since mid-April on Monday as the fallout from last week’s surprising UK election result continued. As it stands, there is still no concrete government in place to manage upcoming Brexit [...]

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After advancing for much of last week the GBP/AUD exchange rate got stuck on a downtrend on Friday. As the 2017 UK general election nears, traders are becoming uncertain about the potential result and the Pound is losing out to the high-yielding ‘Aussie’. The interbank GBP/AUD exchange rate had fallen from 1.73 to 1.72 at [...]

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The Pound recorded modest gains against the Australian Dollar following a televised questioning of Theresa May and Jeremy Corbyn. At the close of last week the Pound tumbled on the news that the Conservative lead against Labour in the election polls had narrowed dramatically. However, GBP/AUD has managed to claw back some of its losses [...]

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There was nothing surprising about last week’s Reserve Bank of Australia (RBA) meeting minutes, with the tone largely in line with market expectations. The RBA’s generally neutral outlook on monetary policy offered some encouragement to investors, limiting speculation that the central bank could return to an easing bias in the near future. While concerns over [...]

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The Pound to Australian Dollar exchange rate fell on Monday. While the pair put in a brief recovery after Tuesday’s stronger-than-expected UK inflation report, the result was not high enough to make investors more optimistic about the Bank of England (BoE) interest rate outlook. As a result, GBP/AUD fell back towards the week’s low of [...]

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