We forecast the Pound to struggle against the Australian Dollar in the week ahead owing to the strong likelihood that the Federal Reserve will cut interest rates by 50 basis points.
September 16,2024
The Australian Dollar is predicted to strengthen against the Euro, Pound and U.S. Dollar over the next few months and through 2025, according to a major Australian lender.
September 12,2024
The Pound to Australian Dollar exchange rate (GBP/AUD) is forecast to break above a key resistance line in the coming week amidst falling commodity prices and soft investor sentiment.
September 9,2024
Thursday's speech by Reserve Bank of Australia Governor Bullock is the main event out of Australia this week. However, it will be a U.S. jobs report that will determine where Friday's close is recorded.
September 2,2024
The Pound and Australia are two of the FX market's outperformers, which has left the GBP/AUD exchange rate tracking a sideways trend.
August 27,2024
The Pound to Australian Dollar exchange rate has consolidated its rally into early August and could now be likely to trade within a narrow range just above the 1.93 handle over the coming days.
August 20,2024
The Pound to Australian Dollar exchange rate has receded from early August highs but economic data on both sides of the GBP/AUD equation could help the pair to steady above 1.9315 in the week ahead.
August 12,2024
The Pound to Australian dollar exchange rate fell heavily on Thursday as hawkish remarks from the Reserve Bank of Australia Governor Michelle Bullock helped the antipodean currency to outperform, but the pair has likely reached a near-term bottom and may even have scope to recover as far as 1.97 in the days ahead.
August 8,2024
The Pound to Australian dollar exchange rate has leapt to post-pandemic highs in recent trade and the author’s model suggests it’s likely to remain buoyant above the nearby 1.96 handle over the coming days.
August 6,2024
The Pound to Australian Dollar exchange rate can undergo a decent pullback in the coming days as it corrects from heavily overbought conditions.
July 29,2024
Should global investor sentiment deteriorate further in the coming days, there is a good chance that GBP/AUD will make a run for 2024 highs at 1.9570.
July 23,2024
A major investment bank has said it thinks the Australian Dollar can continue its streak of outperformance.
July 11,2024
Since the start of the year, the year-end median forecast for the Pound to Australian dollar exchange rate has risen by 500 pips.
July 1,2024
Further GBP/AUD losses are likely as markets consider the potential for another Australian interest rate hike. But we could see a limited bout of strength in the early parts of this week.
June 24,2024
The Pound to Australian Dollar exchange rate is forecast to come under further pressure in the week ahead, provided UK inflation data undershoots expectations and the RBA delivers 'hawkish' guidance.
June 17,2024
The Pound to Australian Dollar exchange rate's recovery is growing in confidence following the recent break above the 50-day moving average.
June 10,2024
The Pound to Australian Dollar exchange rate is rising at the start of the new month and could end the week above a key resistance area if U.S. labour market data beats expectations.
June 3,2024
The recovery in the Pound to Australian Dollar exchange rate appears to have stalled at the 200-day moving average (DMA) and raises the potential for a resumption of selling pressures in the coming days.
May 28,2024
The Australian Dollar is on a hot streak, and we expect it to make further gains against Pound Sterling in the coming weeks, although the coming days could see a recent consolidation extend.
May 20,2024
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