AUDGBP Still Trading Under 0.8300 as Negatives Weigh

AUDGBP Sees Further New Lows as Countries Diverge

The AUDGBP exchange rate was 0.28% lower on Monday with the pair touching new lows again for the year. The UK is seeing virus case numbers drop for a sixth-straight day, while Australia remains in lockdown. Australia’s economic rebound from the virus has been derailed by the latest restrictions and the pound is being supported as the country moves further towards freedom. The AUD to GBP pair trades at 0.5340 after opening the week with a drop to 0.5320. Australia risks a double dip recession After escaping...
AUDGBP Sees New Yearly Lows as Protests Grow

AUDGBP Sees New Yearly Lows as Protests Grow

The AUDGBP exchange rate was lower last week as the lockdowns continue in much of Australia, while the UK sees a further reopening. Australia’s rebound from the virus lockdown damage has been derailed by the latest restrictions and Aussies are growing more discontented with ant-lockdown protests growing. The AUD to GBP pair trades at 0.5350 after seeing new lows for the year in the last week. Australian’s defy lockdowns for protests Protests against ongoing lockdowns and health passports are continuing across Europe and Australian’s also defied the...
AUDGBP Lower as Retail Sales Slump Down Under

AUDGBP Lower as Retail Sales Slump Down Under

The AUDGBP exchange rate was 0.25% lower on Wednesday after the release of the latest retail sales figures in Australia came in worse than expected. The country saw one of the strongest rebounds in the world economy, but fresh lockdowns have hit the Aussie dollar and the economy is seeing a slowdown. The AUD to GBP pair trades at 0.5363 and saw new lows for the year at the 0.5350 level. Aussie retail sales and dollar suffer The Australian dollar suffered again on Wednesday after the release...
AUDGBP Finds Support After RBA Meeting Minutes

AUDGBP Finds Support After RBA Meeting Minutes

The AUDGBP exchange rate was 0.20% higher on Monday after the release of the latest RBA meeting minutes. The British pound has also been hit by surging virus variant cases and that has taken the wind out of sterling’s sail. The AUD to GBP pair trades at 0.5380 with Australian retail sales due out tomorrow. RBA still sees rate hike delayed until 2024 “The bank's central scenario for the economy is that condition for rate hikes will not be met before 2024,” the Reserve Bank of Australia...
AUDGBP Lower Again with Risk Markets Sell-Off

AUDGBP Lower Again with Risk Markets Sell-Off

The AUDGBP exchange rate was -0.20% lower on Monday as global stocks and commodities took a hit on rising virus cases and inflation. The Aussie dollar is also under pressure with the extended lockdowns in the cities of Sydney and Melbourne. The AUD to GBP pair trades at 0.5360 and the UK is currently removing all legal virus restrictions on Monday. ‘Australian recovery to stall’ - HSBC Australia’s economy is set to stagnate during the second half of the year with the latest shutdowns in the country’s...
AUDGBP Weakness Persists with Melbourne Lockdown

AUDGBP Weakness Persists with Melbourne Lockdown

The AUDGBP exchange rate was -0.10% lower in early trading after yet another lockdown in Melbourne. The week ahead will see no major economic data released for the pound or Aussie dollar and the rate will hinge on the headlines regarding the virus. The AUD to GBP pair trades at 0.5366 and the UK is lifting all virus restrictions, while the Australian government is going the other way. UK employment data boosts sterling Australia’s two largest cities are staying under coronavirus restrictions as Melbourne extended its five-day...
AUDGBP Finds Support After RBA Meeting Minutes

AUDGBP Lower After UK Employment Data

The AUDGBP exchange rate was trading at new lows for the year after the release of UK employment data showed wages and hiring picking up. The unemployment rate also dipped below the 5% level to 4.8% as the country continues to reopen from the government lockdowns. The AUD to GBP pair trades at 0.5367 with the Aussie being weighed by the Sydney lockdown. UK employment data boosts sterling The pound got a big boost from the latest employment figures, which showed the number of British workers in...
AUDGBP Finds Support After Westpac Data

AUDGBP Finds Support After Westpac Data

The AUDGBP exchange rate was trading at the 0.5394 after the dollar got a lift from higher Westpac consumer confidence data. The pound had advanced to another yearly low after inflation was seen rising in the UK, but a surge in virus cases has also tempered gains in sterling. The AUD to GBP pair will see the release of unemployment figures for both countries today. Westpac data steady, UK inflation surges Westpac Consumer confidence in Australia was steady in July, according to the latest survey on Wednesday...
AUDGBP Volatile After RBA Rate Announcement

AUDGBP Volatile After RBA Rate Announcement

The AUDGBP exchange rate was slightly lower on Tuesday but not before a wild swing from the latest RBA rate announcement. The Aussie traded as high as 0.5476 after the announcement, before the pound took control again and the pair now trades at 0.5428. The AUDGBP pair saw yearly lows for June at the 0.5400 level. RBA should cut stimulus In its latest monetary policy announcement, the Reserve Bank of Australia (RBA) made no changes to the current monetary policy settings as expected. However, they did signal...
AUDGBP Drops Despite Hot Australian Inflation Release

AUDGBP Waits for Reserve Bank Rates Update

The AUDGBP exchange rate is unchanged ahead of the Reserve Bank of Australia rate announcement. Markets are aware that the interest rates will stay at record lows but they will be looking for an update on the path ahead after strong data from Aussie jobs. AUDGBP is trading at 0.5437 and the yearly lows are below at 0.5400. RBA should cut stimulus Australia’s central bank is expected to wind back some of its emergency stimulus after the recent recovery in the economy. That could still happen even...