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...
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...
AUDGBP Makes Back Some Lost Ground From Last Week

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....
Australian Dollar to Pound Rate Continues to Remain in Monthly Range

Australian Dollar falls against Euro After Unemployment Ticks Higher

The AUD v EUR exchange rate managed to get the rally it was pushing for in recent sessions as the market traded through the 1.9200 level and rallied 0.8% to trade above 1.9300. Economic releases from the Eurozone mixed with a small tick higher in Australian unemployment was enough to see the euro currency continue its climb off of the recent lows near 1.6050. Unemployment Numbers Not Ideal for the RBA The Bank of Australia (RBA) has been vocal lately in stating that further economic stimulus would...
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...
AUDGBP Strengthens Against but AUD Lower Against USD and EUR

UK Economic Growth Figures and Governor Speech to Guide the GBPAUD Forecast

Today sees the release of UK Gross Domestic Product (GDP) figures for Q4, alongside a speech by Bank of England (BoE) Governor Mark Carney later in the day. Both of these events should ensure for some volatility in the GBPAUD interbank exchange rate and analysts will be watching closely to adjust their forecasts for the pair. The GBPAUD rate was hovering near the 1.9200 level which provided support into the weekend. A Cyclical Dip or Continued Post-Election Bounce? Analysts are expecting an annual growth rate for...
AUDGBP Exchange Rate Starts the Week in Strong Fashion

Australian Dollar Strength Continues as Sentiment Improves

The GBP v AUD interbank rate fell from its Tuesday close above 1.9300 to touch lows beneath the 1.9200 level. Economic Data Moves to Other Nations The Australian dollar has continued to see strength following the Reserve Bank’s decision to keep interest rates locked at 0.75%, which was a positive sign for the AUD after the recent losses related to the bushfires crisis which ravaged much of the country and threatened to dent economic growth. The Reserve Bank of Australia’s Governor Lowe now makes the semi-annual statement...
Australian Dollar Forecast: AUDGBP gains by 10% since April

Pound to Australian Dollar Weakens as Australian Data Beats Forecasts

The pound to Australian dollar interbank exchange rate stands at 1.8998 today at the time writing. By comparison, back on Wednesday 8th January, sterling was as high as 1.9151 versus the so-called Aussie dollar, so it’s since weakened by 0.81%. The AUD has gained against the GBP in the last two days, in part because Australia’s economic data this week has exceeded forecasts. For example, today we’ve learnt that Australia’s retail sales rose by 0.9% in November, well above forecasts for a 0.4% gain, boosted by...
Australian Dollar Forecast: AUDGBP gains by 10% since April

Promising End to the Week for the Australian Dollar, Despite Weak Manufacturing Data

The Australian dollar has capped off its first trading week in the New Year in a good position. Yesterday saw the release of the anticipated manufacturing PMIs for December. The figures were disappointing however and saw the AUD slump slightly. But the AUD did find further support from the US-China trade deal which has now received an official signing date from the US President. Australian Manufacturing PMIs Disappoint The December manufacturing figures for Australia were released on Thursday. The results showed a disappointing return as the...