AUDGBP Still Trading Under 0.8300 as Negatives Weigh

AUD to GBP Extends Gains on UK Lockdown

The AUD to GBP exchange rate was 0.65% higher on Tuesday after the U.K. was plunged into another full lockdown.
AUDGBP Slumps Despite a Surge in Employment

AUD to GBP Drifts Lower as Traders Await Brexit Deal

The AUD to GBP rate was trading lower on Christmas eve as traders anticipate an official announcement on a Brexit deal.
AUDGBP Weak After Trade Data Comes in Lower

Australian Dollar Forecast: AUD Boosted by Economic Cheer

It’s the season of good cheer for the Australian economy as data shows signs of a snap back whilst Brexit uncertainty continues to shape movements against the pound. Australia’s economy continued its impressive recovery as economic data shows confidence returning to pre pandemic levels. Against sterling it fluctuated depending on Brexit news while it gained against USD and EUR. AUD/GBP All pairs against sterling are driven by Brexit. The dollar was up at 0.559 early on before dropping to 0.554 with Johnson heading to Brussels to break...
AUDGBP Lower Again with Risk Markets Sell-Off

AUDGBP: Australian Economy Looks Set for Strong End to 2020

It has been a good news week for the economy and things continued with better expected trade balance news. With COVID-19 relatively contained, things look good. As such it was a good day against GBP with the Australian dollar trading up to 0.55. Rising Economy Australia’s economy continues to show promise, with the release of better than expected Trade Balance figures for October. According to data released by the ABS, October saw a much wider surplus than expected. Australia Oct balance goods/services reached +AUD$7,456m, seasonally adjusted...
AUDGBP Lower Again with Risk Markets Sell-Off

Risk Appetite Returns, Leading to AUD Strength

On Monday we heard the welcome news that Pfizer has seen some significant success in clinical trials of a COVID-19 vaccine. Pfizer announced that the vaccine candidate has been found to be over 90% effective in preventing COVID with only 94 confirmed cases amongst its 43,538 participants. The FTSE 100 and other global stock markets rallied sharply in response to the news, which built on the gains made following Joe Biden’s victory in the Presidential election. This lead to AUD strength, with the GBP...
AUDGBP Slumps Again with Sydney Lockdown, House Prices

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...
AUDGBP Looks for a Low with PMI Data Ahead

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 next few weeks if the Brexit talks continue on a positive trajectory then there is a chance that we could see further momentum for Sterling. At the start of April the AUDGBP rate was just below the...
AUDGBP Looks for a Low with PMI Data Ahead

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 the first time in a century as a result of a reacceleration of new cases in Victoria. This has lead many to question where the Australian dollar's resilience is coming from with marginal gains seen throughout the month...
Pound to Australian Dollar to be Impacted by AUD Economy

Pound to Australian Dollar to be Impacted by AUD Economy

After gradually weakening throughout much of the past 3-months the Pound to Australian Dollar now sits just above the 1.80 handle, after a couple of positive days for the Pound helped push the currently back above it. There doesn’t appear to be the same level of resistance or support for the pair moving through the 1.80 level as we have previously seen with the pair, and perhaps this is due to the magnitude of events influencing the foreign currency markets at the moment. Whilst much...
AUDGBP Lower as Sterling Gets a Growth Boost

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...