Increase in Risk Appetite Helps Support the Australian Dollar

AUD to GBP Rate: Australian Dollar Dips Against the Pound as Chinese Manufacturing Data...

The Australian dollar dipped versus the Pound again to trade at the support levels of early-February. The AUD v GBP rate was trading 0.57% lower at 0.5060 on the day as traders ignored global headlines to focus on slowing Chinese manufacturing data. The February release of China’s PMI Manufacturing data showed the sector had slowed at the fastest rate since the depths of the financial crisis in 2009, which raised fears that Australia’s economy will be hit by a prolonged slowdown in China. Chinese Production Still...
AUDGBP Exchange Rate Starts the Week in Strong Fashion

Australian Dollar to Pound Rate: AUD Rallies from Lows as Coronavirus Fears Continue Across...

The AUD to GBP exchange rate is trying to mount a rally after failing to close below the early-February lows yesterday. Prices closed just above the 0.5050 interbank level and this has led to a 0.75% rally, which sees the pair trading at 0.5100. We noted in recent articles that despite stronger economic data from the U.K., the Australian dollar forecast seemed to be discounting the spread of the Coronavirus across Europe. Yesterday also brought the start of the real Brexit trade talks, with...

Euro Marches Higher to Recent Resistance but Trade Talks and New Virus Cases Should...

The story for the day on the EURAUD interbank exchange rate was a 0.43% rise in the euro to trade at highs near 1.6600. This level provided resistance in early February, and it’s interesting that the British pound is also touching the same levels as the Brexit trade talks begin and the Coronavirus continues to creep through Europe. The move in the euro has pulled back slightly from the February highs and sellers could emerge through profit-taking or fresh headlines. Lagarde Urges Stimulus as Brexit Trade...
Australian Dollar to Pound Rate Continues to Remain in Monthly Range

Australian Dollar Support Emerges at Previous Resistance Levels as EU Trade Talks Begin

The AUDGBP story was mixed today as the British pound rallied through a previous resistance level but then pulled back to show a small gain for the Aussie. The GBPAUD interbank exchange rate traded higher through 1.9730, a level which forced a previous sell-off in early-February. The pound saw a high of 1.9756 before almost 100 pips to dip below 1.9670, for a small loss of 0.07% on the day. With nothing on the economic calendar today, buyers are testing the appetite of sellers at...
AUDGBP Strengthens Against but AUD Lower Against USD and EUR

Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

The GBP v AUD exchange rate was higher again on Tuesday as traders absorbed recent data trends in a quiet calendar week. The pound was 0.6% higher versus the Australian dollar and trading near 1.9700, whilst global stock markets tried to bounce from yesterday’s heavy selling over the coronavirus fears. Pound Strength Continues Post-Brexit and Election The strength of the British pound recently has been driven by sluggish growth prospects in Australia and an end to the Brexit confusion for business and investors. Recent manufacturing and...
Increase in Risk Appetite Helps Support the Australian Dollar

Pound Trading Higher but Markets on Alert as Fears of a Virus Pandemic Grows

The GBP v AUD exchange rate was edging higher in Monday trading as a light economic calendar left traders to continue the recent trend of pound strength after data releases in the U.K. and Australia showed some weakness down under. The pound was trading as high as 1.9650 overnight but had slipped under the 1.9500 figure. Markets are on alert on Monday after stocks plunged over fears that the Coronavirus was spreading outside of China. Currency Markets Pause After Virus Fears Spook Stocks Global stock markets were...
Over the course of the last week the Australian dollar has done well against Sterling, the AUDGBP rate currently sits at 0.5651.

Pound Rallies Against the Australian Dollar After PMI Data Release

The GBP v AUD exchange rate rallied another 0.65% after PMI data from both countries told a different story. The Australian manufacturing and services indices showed a contraction again as similar data from the UK showed a strengthening economy. The data led to further gains in the British pound and saw the pair trading at 1.9600 on Friday afternoon. PMI Data Release Shows UK Strength and Aussie Weakness Australia saw the release of the CBA PMI index for the manufacturing and services sectors of the economy....
Increase in Risk Appetite Helps Support the Australian Dollar

Australian Dollar down against the Pound as Unemployment Edges Higher Down Under

In a reversal of December’s trend, Australian unemployment edged higher to 5.3% in January, whilst employment showed a small rise. The release helped the GBP v AUD exchange rate to tick higher on the day to a high just shy of 1.9500. The market has since pulled back slightly to trade 0.35% higher around the 1.9450 level. Employment Trend Goes Against RBA Desires The Reserve Bank of Australia has been vocal in recent weeks that it would only consider additional stimulus measures if the economy worsened and...
Australian Dollar Forecast Set for Bleak End to 2020

UK Inflation Jumps to a Six-Month High but Fails to Push the Pound Higher...

Inflation figures from the UK in January rose at the fastest pace in six months, according to the latest release from the Office for National Statistics (ONS). Despite reaching a high around 1.9450, the GBP v AUD exchange rate slipped on the day to settle near 1.9400. Consumer Prices Give Central Bankers a Boost The ONS inflation figures for January were expected to show a rise in consumer prices from last month’s 1.3%, to 1.6%. The actual number was 1.8% and will come as a welcome...
A Good Start to the Week for AUDGBP

Pound Rallies Against the Australian Dollar After Strong Employment Numbers

The British pound rallied through the 1.9500 figure yesterday after strong employment numbers from the UK gave the economy another post-Brexit boost. UK Employment at a Record High The 180,000 gain in employment was stronger than the 170,000 estimate and the unemployment rate stayed at the forecast 3.8% level. The surge in jobs resulted in the highest figure on record and saw a strong rise in women in full-time work. One downside to the release was a continued stall in wage growth, slowing from 3.2% in December...