The Pound to Australian Dollar exchange rate is breaking down and technical studies show a higher likelihood of further losses in the coming days.
April 29,2024
The Pound to Australian Dollar exchange rate is teetering above the key 200-day moving average (DMA) as we write on Monday; it must stay above here if a positive technical setup is to remain entrenched.
April 22,2024
While the Australian Dollar still looks vulnerable to a further deterioration in market sentiment, but buoyant global commodity prices and a strong domestic jobs report should limit the downside in the coming weak.
April 15,2024
The Pound to Australian Dollar exchange rate is at risk of testing fresh multi-week lows in the coming days, especially if Wednesday's U.S. inflation report undershoots expectations.
April 8,2024
The Australian Dollar is the preferred commodity currency with strategists at Bank of America (BofA) who say industrial metal market dynamics are proving supportive.
April 4,2024
Pound Sterling could stay under moderate pressure against the Australian Dollar in the coming week owing to a softening technical setup and the risk monthly inflation figures will beat expectations.
March 25,2024
Pound Sterling's 2024 uptrend against the Australian Dollar is intact and the coming week could see a retest of last week's high at 1.9570.
March 18,2024
Expect a resilient Australian economy and currency, thanks to improved trade with China and a slow pace of rate cuts at the Reserve Bank of Australia (RBA).
March 13,2024
The Pound to Australian Dollar exchange rate hit a new 2024 high at 1.9553 last week but ultimately capitulated and ended the week flat, raising the odds of a softer trading conditions in the coming week.
March 11,2024
GBP/AUD is firm at the start of week packed with Australian data releases and the UK's midweek budget.
March 4,2024
GBP/AUD can move higher over the coming days thanks to a broadly constructive technical setup, however, any surprises in this week's Aussie inflation figures would invalidate this view.
February 26,2024
The Pound to Australian Dollar exchange rate is liable to weaken further over the coming days, although downside should remain relatively limited ahead of an eventual extension higher.
February 19,2024
February 12,2024
The Pound to Australian Dollar exchange rate remains in a positive setup that advocates for further upside, but the Reserve Bank of Australia (RBA) could prove a setback this week.
February 5,2024
GBP/AUD is in an uptrend but is struggling at a solid resistance line, Aussie inflation release is the week's highlight.
January 29,2024
The Australian Dollar continues to struggle, with the new week seeing some selling pressure linked to a poor showing in Chinese equity markets.
January 22,2024
The Australian Dollar has come under pressure in the opening weeks of 2024, and further softness can be expected, although the release of a bumper Australian jobs report this week could offer a boost.
January 15,2024
The Pound to Australian Dollar has walked into the new year with renewed vigour and could be about to lay claim to the long-running 2023 range once more.
January 8,2024
The Australian Dollar struggled for much of 2024 as China's post-COVID economic recovery failed to impress, and the Reserve Bank of Australia proved a reluctant hiker regarding interest rates.
December 21,2023
The Pound to Australian Dollar exchange rate's ongoing selloff has legs to run, according to a leading currency strategist.
December 21,2023
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