AUD to GBP Exchange Rate: PM Issues UK Lock-Down as Pound See’s Its Value Fall Further

AUD to GBP Exchange Rate: PM Issues UK Lock-Down as Pound See’s Its Value...

GBP/AUD rates have fallen by approximately two cents overnight, following the UK government’s decision to issue a country wide lock-down as fears over the escalating Covid-19 virus continue to mount. UK Prime Minister Boris Johnson gave a public address last night following an emergency Cobra meeting, in which he stated that all UK households should remain indoors, and only leave under the strictest conditions. Unless it is for bare essentials like food and water, a medical visit, or a brief period of exercise, the PM has...
Aussie PM Morrison Tells The Country to Stay at Home as Services and Social Life Are Shut Down

Australian Dollar Rallies Against the British Pound After Another UK Rate Cut

The Australian dollar was 0.7% higher on the day against the Pound after the Bank of England surprised the market again yesterday with another interest rate cut to 0.1%. The AUD v GBP pair was trading at 0.5035 in the European trading session and the BoE also ramped up its stimulus with an extra £200 billion of bond purchases. UK interest rates cut again as BoE feels pressure The Bank of England’s rate cut was a first policy move by the new governor Andrew Bailey,...
Australian Dollar to Pound Forecast: GBP Makes Further Gains Against the AUD, Reaching 4-Year Highs

AUD to GBP Rate: Australian Dollar Lower Against the Pound Despite Better-Than-Expected Employment Numbers

The Australian dollar was 0.5% lower on the day against the Pound despite better-than-expected Australian employment figures. The AUD v GBP pair was trading at 0.4970 in the European trading session and the 0.5000 level is still a potential support for the market. Australian Employment Boosts but May Hide Virus Impact Australian employment figures showed a headline 26.7k jobs added against 6.3k expected, whilst the unemployment rate fell to 5.1%. At this level, the participation rate is the highest in 20 years. However, the number of Australians...
Aussie PM Morrison Tells The Country to Stay at Home as Services and Social Life Are Shut Down

Australian Dollar Dips Against the Pound as UK Employment Beats Expectations

The Australian dollar was lower on the day against the Pound as better-than-expected UK employment figures boosted the British currency outlook against the Aussie dollar. The AUD v GBP pair was trading 1.0% lower in the European trading session at 0.4940 as the psychological 0.5000 level gave way and the Australian currency failed to find buyers. Virus Hoarding Leads to Rationing in the UK Continued fears over the spread of the Coronavirus has seen panic buying in the UK and supermarkets are now acting to ration...
Australian Dollar Looking for Buyers at Key Support Level Versus the Pound

Australian Dollar Looking for Buyers at Key Support Level Versus the Pound

The Australian dollar was slightly higher on the day as it hovered just below the key support level of 0.5000 against the British Pound. The AUD v GBP pair was trading 0.2% higher at the beginning of the European trading session as traders were still hesitant to buy the Aussie despite continued efforts to lockdown the UK over the recent virus spread. UK Moving Closer to Virus Lockdown A further spread of the Coronavirus has seen pressure building on Prime Minister Johnson to take further...
Australian Dollar Flat Versus the Pound as Support Hints of a Potential Bounce

Australian Dollar Flat Versus the Pound as Support Hints of a Potential Bounce

The Australian dollar was flat on the day against the British Pound with a tiny loss of 0.03% later in the European trading session. The AUD v GBP pair was trading at 0.5002 and this is the fifth-straight close above the 0.5000 round number which is a hint that a catalyst of some form could arise to produce a bounce in the Aussie next week. Global markets are trying to bounce from recent panic Stocks in the US were up close to 3% on the...
AUD to GBP Exchange Rate: PM Issues UK Lock-Down as Pound See’s Its Value Fall Further

Australian Dollar Under Pressure Against the Pound as Market Panic Returns

The Australian dollar reversed yesterday’s gains and now trades 0.70% lower versus the Pound as the market panic over the Coronavirus impact returned. The AUD to GBP exchange rate was trading near 0.5000 but had spiked lower earlier on the day to 0.4850. Virus panic returns to global markets Recent relief in the global markets has evaporated and we are seeing selling in the key stock indices again. The US stock index is down over 7% in early trading and the drop in futures has dragged the...
Australian Dollar to Pound Forecast: GBP Makes Further Gains Against the AUD, Reaching 4-Year Highs

Australian Dollar Edges Higher Against the British Pound After BoE Rate Cut and UK...

The Australian dollar was 0.25% higher versus the Pound after the Bank of England made an emergency 0.50% interest rate cut. The move was aimed at cushioning the UK from the Coronavirus impact on the economy. The AUD to GBP exchange rate was trading near 0.5050 and Aussie bulls will be hoping for a stronger move above that level, which has provided support since January. BoE slashes rates ahead of the UK budget Today’s emergency rate cut announcement was made just ahead of the first budget from...
AUD to GBP Rate: Australian Dollar Strengthens After Further Stimulus Promised by the Federal Reserve

Australian Dollar Flat Against the British Pound as Global Markets Recover from Heavy Losses

The Australian dollar was 0.07% lower versus the pound as global markets bounced from a day of panic selling. The big news for the day was the big sell-off in crude oil prices after OPEC failed to agree over cuts to production levels. Losses were seen on other commodities such as copper, which weighed on the outlook for the Australian currency. The AUD to GBP exchange rate was traded at 0.5020 in the European session but there is still a chance that the 0.5000 level...
Aussie PM Morrison Tells The Country to Stay at Home as Services and Social Life Are Shut Down

Australian Dollar Testing the Recent Lows Versus the British Pound

We said on Friday that the Aussie dollar was likely to test the recent lows of late-February against the Pound after a three-day rally in the currency failed to gain traction. The AUD to GBP exchange rate was 0.30% lower in the European trading session and was trading just above the 0.5000 level. If this level holds then there is a good chance that the Australian dollar can reverse recent losses. The Australian currency is under pressure after recent economic trends saw the U.K. faring...