Australian Dollar Forecast

GBP/AUD is firm at the start of week packed with Australian data releases and the UK's midweek budget.

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.

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.

GBP/AUD technical setup advocates for further gains, but coming days could see a small pullback.

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.

GBP/AUD is in an uptrend but is struggling at a solid resistance line, Aussie inflation release is the week's highlight.

The Australian Dollar continues to struggle, with the new week seeing some selling pressure linked to a poor showing in Chinese equity markets.

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.

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.

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.

The Pound to Australian Dollar exchange rate's ongoing selloff has legs to run, according to a leading currency strategist.

"Upside ahead," says an Australian banking and capital markets giant laying out its predictions for the Australian Dollar.

The consensus expects the Australian Dollar to rally in 2024, but analysts at one of Scandinavia's biggest banks and capital markets firms are rowing against the flow and are sellers in 2024.

The Pound to Australian Dollar exchange rate has fallen to its lowest levels since September and appears to have entered a downtrend, which opens the door to a test of the June lows next.

The Pound to Australian Dollar exchange rate can expect further volatility over the coming days because of some key central bank announcements, according to a note from Commonwealth Bank of Australia (CBA).

The Australian Dollar will outperform the Pound in 2024 as Chinese growth picks up thanks to the government's stimulus efforts and the UK economy struggles, sending the GBP/AUD exchange rate below 1.90.

AUD is tipped to see some upside against the U.S. Dollar but should prove unable to make any major advance against the Pound in a week dominated by the U.S. Federal Reserve decision, Bank of England and Aus jobs data.

The Australian Dollar will likely struggle in 2024 as global growth slows under the weight of the interest rate tightening cycle, drowning out any supportive impact from Australia's yield advantage.

The Australian Dollar enters the first full week of December with a spring in its step with technical setups against the Dollar and Pound looking increasingly constructive, although Tuesday's Reserve Bank of Australia meeting could provide a setback.

The time to pull the sell trigger on GBP/AUD is approaching, according to a new strategy call from Macro Hive, the independent global macro research and strategy provider.