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AUD/GBP - Australian Dollar to Pound forecasts
Commodity Based Currency AUD Struggles During Global Uncertainty
The Australian dollar is not the destination of choice in times of global economic uncertainty. The Australian dollar is a riskier, commodity based currency and so it will remain vulnerable until we see a viable solution on COVID containment.
The Australian dollar is heavily reliant on China purchasing...
AUDGBP Exchange Rate Rises After COVID Cases Fall
Whilst many other major economies are reporting a rise in Coronavirus cases at present, yesterday saw Australia record the lowest one-day rise in new cases in 3 months and the first day without any COVID related deaths in two months. This positive news helped the AUDGBP, AUDUSD...
AUDGBP: Australian Recovery Raising Bigger Economic Questions
Over the course of the last week the Australian dollar has done well against Sterling beating the recent lows since the beginning of the pandemic. The AUDGBP rate currently sits at 0.5651 which is a few percent below the lowest point in COVID-19. The main reason for...
AUD/EUR - Australian Dollar to Euro forecasts
Australian Dollar Remains Resilient Despite Unemployment
Australian Dollar exchange rates have remained stable against the USD, EUR and GBP over the course of the trading week and this has been despite poor unemployment figures released yesterday.
Stats on Thursday showed that unemployment had risen to 7.4% in June, which is the highest level seen...
AUDGBP Starts Week Close to One Month Low
Sterling has started this week stronger with the AUDGBP currently at the 0.5524 level against the Aussie which is the first time in just over three weeks. Following some positive developments in Brexit talks last week the pound has been able to make small gains. Over the...
Why is the Australian Dollar Getting Stronger?
Australian dollar exchange rates have continued to stall across major currency pairings as financial markets brace themselves ahead of fears of a second spike in cases. It didn't help market jitters that the government was forced to shut state borders between Victoria and New South Wales for...
AUD/USD - Australian Dollar to US Dollar forecasts
AUDGBP: Australian Fears as Virus Cases Jump
Australia has reintroduced lockdowns in the Victoria area after new COVID-19 cases appear continue to rise. There has been a report today of 288 new cases, the highest on record for any part of the country since the pandemic started. Australia was acknowledged as one of the...
AUDGBP Continues to Rise, But How Long For?
Subdued start to the week for AUDGBP, AUDEUR and AUDUSD as the markets await for tonight’s mixture of surveys from down under and long stream of economic data from Australia’s leading trading partners to set the AUD onto it’s trend for the week.
The AUDGBP rate has edged...
AUD to GBP Slower but Brexit Could Accelerate Rates Again
At present, there could be a continuation for the AUD to GBP mid-market exchange rates gains we have seen over the past 3 months. Although the Australian dollar has been making consistent inroads against the British pound with rates improving from 0.48 to the current 0.55 at...
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