First Covid-19 Economic Update Due This Week, What Could Happen to AUD Exchange Rates?

First Covid-19 Economic Update Due This Week, What Could Happen to AUD Exchange Rates?

The first economic update since the Coronavirus outbreak is due on Thursday, in the form of the July Economic Statement. The Australian Government will provide a full update of the state of the economy and hopefully some forecast as to where they think the countries economy is headed. Following this release, AUD to GBP volatility could be expected. There is a certain expectation that the damage done by Coronavirus will be severe, however it will be how quickly the Government believe the recovery will...
Australian Dollar Remains Resilient Despite Unemployment

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 in Australia since 1988 and casts a worrying forecast for future economic performance. Youth unemployment seems to be rising with the greatest pace, sitting at 16.4% and with 17.1% of young males currently out of work. Even with this...
Melbourne Lockdown Sends GBP to AUD Exchange Rate Higher

Australian Dollar to Pound Forecast: Why is the Australian Dollar Strengthening?

The Australian dollar's bout of strength against the pound continued yesterday, with GBPAUD falling by almost two cents during the days trading. This positive move in AUD's favor comes despite the UK relaxing some of their lockdown measures in a bid to boost the economy, whereas Victoria in Australia announced earlier in the week that some lockdown measures would be reintroduced. AUD Gains Despite Lockdown Measures Reintroduced In the UK, Boris Johnson announced at lunchtime yesterday that lockdown measures would be relaxed further as if July...
AUDGBP Continues to Rise, But How Long For?

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 dangerously closer to it’s key resistance levels of 0.56, a mark we have only seen breached 4 times since the start of 2018 and certainly triggering the best opportunity to buy pounds with Australian dollars so far...
AUDGBP Drops as COVID-19 Infections Climb

Australian Dollar Forecast: GBPAUD Falls Below 1.80

The Australian dollar forecast from here will depend heavily on the global recovery from COVID-19 and whether or not there is a second wave of infection.
AUDGBP Makes Gains Following Increased Risk Sentiment

Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

The AUD to GBP exchange rate has continued to climb since the 3rd April with rates moving swiftly from 0.48 to the current 0.55 with no signs of stopping. Aspects of this rise could be attributed to the UK’s two-front assault emanating from being the 3rd worst virus-hit nation bolstered by political detriment from the ongoing Brexit negotiations coming back into the picture. With the current deadline set for the end of this year, many analysts have suggested that a trade deal is not...
Australian Dollar Forecast – Unemployment Weighs on Sentiment

Australian Dollar Forecast – Unemployment Weighs on Sentiment

Overnight we have had the latest Australian Unemployment news which has seen a rise in Australian Unemployment to 7.1% from the previous reading of 6.4%. This was larger than economists had forecast and paints a now familiar picture across the global of rising Unemployment. The rather gloomy outlook for the Australian dollar forecast had also been echoed by the Reserve Bank of Australia (RBA), who according to the Australian Financial Review have been predicting house price falls of 15% ahead. Such a trend could...
Melbourne Lockdown Sends GBP to AUD Exchange Rate Higher

Australian Dollar Forecast: Dovish RBA Minutes Weaken AUD

A reversal of the Australian Dollars recent gains against most of its major counterparts continued during yesterday’s trading, following the latest release of RBA minutes from their meeting in June. Since the beginning of April, in particular against GBP and USD, the Australian Dollar forecast has enjoyed a period of strong gains mainly due to the coronavirus outbreak. Against the Pound for example, AUDGBP rates have gained by as much as 14% in the period since the beginning of April and this has created...
Melbourne Lockdown Sends GBP to AUD Exchange Rate Higher

GBP to AUD Rallies as Global Risk Sentiment is Dented

The Australian dollar has come under a sudden bout of pressure as a second wave of the Coronavirus has been recorded in Beijing. The development has seen the Australian dollar suddenly reverse some of its incredible gains that is has made in recent weeks. Rates for GBP AUD increased by over 1% yesterday to a high of 1.8425 on the back of the news. What is striking is that all of the new cases in China have been linked to a major wholesale food...
AUDGBP Starts Week Close to One Month Low

Australian Dollar Forecast: Why is AUD Falling?

The Australian dollar forecast has continued to weaken against it’s major currency counterparts with the markets bracing themselves for a long run of potentially pivotal releases from down under and Australia’s key trading partners due in the early stages of this week. Indeed, tonight the Reserve Bank of Australia will release the minutes from it’s latest monetary policy meeting with investors waiting for further justification behind the RBA’s generally reactive stance. Furthermore, we will also gain insight into the flow of Foreign Direct Investment into...