AUD GBP Dips but Frydenberg Expects ‘Bounce Back’

AUD GBP Weak with UK Rates but Melbourne to Open

The AUDGBP exchange rate closed the week with a 0.51% loss as the UK central bank looks set to increase interest rates as early as December. But Melbourne is finally set to end the world’s longest lockdown this week. Australia will have no high-level data reporting this week and the UK’s inflation update in the middle of the week could underscore the BoE plans further. The AUD to GBP exchange rate starts the week below the 0.5400 level. Melbourne holds lockdown record but looks to reopening Melbourne...
AUD GBP Seeks Support from Australian Employment Data

AUD GBP Seeks Support from Australian Employment Data

The AUD GBP exchange rate was 0.08% higher following the release of Australian employment data late on Wednesday. The latest Aussie data factors in the recent damage from the government lockdowns but the unemployment rate was better-than-expected. There was also a release of UK GDP figures for the last three months with a 0.4% gain for the economy in August. The AUD to GBP exchange rate was looking for support above 0.5400 following the data. Aussie dollar reacts to the latest unemployment data The Australian economy saw...
AUD GBP Higher as UK Inflation Dips Slightly

AUD GBP Extends Gains Despite UK Employment Gains

The AUD GBP exchange rate was 0.15% higher on Tuesday as investors continue to support the Aussie dollar in light of the reopening of Sydney.  The Aussie shrugged off UK employment gains on Tuesday. Today will see the Australian employment report, but traders will be aware of the lockdown effects on the numbers. The AUD to GBP exchange rate is trading at 0.5410 ahead of the employment data today. Aussie dollar reacts to commodities and Sydney reopening The UK economy saw payrolls higher in September, according to...
AUD GBP Sees Strong Support with Sydney Reopening

AUD GBP Sees Strong Support with Sydney Reopening

The AUD GBP exchange rate was 0.75% higher on Monday as investors cheered the long-awaited reopening of Sydney. The country is finally emerging from tough government lockdowns, which have been in place for over 100 days. The UK economy will release employment figures today as traders absorb recent hawkish comments from the RBA. The AUD to GBP exchange rate is trading above 0.5400 ahead of the UK employment data today. Aussie dollar reacts to commodities and Sydney reopening The Australian dollar rose sharply on Monday on the...
AUD GBP Higher as UK Inflation Dips Slightly

AUD GBP Moves Higher with Sydney Reopening

The AUD GBP exchange rate was 0.29% higher on Thursday as Sydney saw a long-awaited reopening. Sydney residents were celebrating on Monday as a near four-month-long lockdown affecting Australia's most populous city was finally lifted. The AUD to GBP exchange rate is trading at 0.5378 and will get UK employment data tomorrow. Sydney lockdown lifted after a long 106 days The Australian city of Sydney has finally reopened after 106 days of government-enforced lockdowns. After a successful vaccination campaign, the government no longer wants to use the lockdown...
AUD GBP Steady Above 0.5400 with Melbourne Reopening

AUD GBP Higher as Reopening Hopes Continue

The AUD GBP exchange rate was 0.25% higher on Thursday as the hopes for a reopening in the Aussie economy boost the dollar. The UK saw a sharp rise in house prices to a new record in September, but analysts worry about inflation in the UK. The AUD to GBP exchange rate is trading at 0.5363 and the pair will target the 0.5400 price level. UK inflation tipped to soar to 7% according to markets Deutsche Bank chief credit strategist, Jim Reid, has said that the UK...
AUD GBP Erases Earlier Losses to Point Higher

AUD GBP Erases Earlier Losses to Point Higher

The AUD GBP exchange rate erased some early losses in a quiet trading day which has provided support for the pair at the 50-day moving average. The Aussie dollar could look to make further gains as the Australian economy moves closer to a long-awaited reopening. The AUD to GBP exchange rate is trading at 0.5345 and a recent rally in the pair failed ahead of the 0.5400 price level. No international tourists until 2022, says Aussie PM Hopes of a full reopening were dealt another blow after...
AUD GBP Dips After Reserve Bank Rate Meeting

AUD GBP Dips After Reserve Bank Rate Meeting

The AUD GBP exchange rate was slightly lower on Tuesday after the latest interest rate and policy update from the Reserve Bank of Australia. The bank left rates and bond-buying unchanged but stuck to its 2024 interest rate hike plans. The AUD to GBP exchange rate is trading at 0.5340 after a recent rally faded. Reserve bank refuses to budge on rate outlook The Reserve Bank of Australia is digging its heels in and reiterating that interest rates will not rise until at least 2024. At its regular...
AUD GBP Lower as Traders Await RBA Meeting

AUD GBP Lower as Traders Await RBA Meeting

The AUD GBP exchange rate was slightly lower on Monday as traders await the latest RBA interest rate meeting.  There is no policy change expected and with the Australian economy getting closer to reopening, the market will be looking for the central bank’s thoughts on future stimulus. The AUD to GBP exchange rate is still trading above the 0.5350 level ahead of the meeting. Reserve bank interest rate meeting preview Analysts are not expecting much change in policy from the Reserve Bank of Australia, after the central...
AUD GBP Looks to Build on Freedom Day Gains

AUD GBP Looks to Build on Freedom Day Gains

The AUD GBP exchange rate is looking to build on recent gains driven by hopes of a reopening for the Melbourne economy in late-October. Melbourne now has grabbed an unwanted world record for the longest lockdown. Scientists are warning of higher virus rates in the UK over the winter. The AUD to GBP exchange rate is now trading at 0.5360 and there is little economic data in the week ahead to drive the pair. Melbourne holds lockdown record but looks to reopening Melbourne has grabbed the record...