AUD is underperforming its G10 peers at the start of the new week following the release of disappointing data from China, but it nevertheless looks well supported against the British Pound having broken out of a long-held range on Friday.
August 15,2022
The Pound to Australian Dollar exchange rate opened the new week with losses that have pushed it back toward 2022 lows amid a tentative outperformance by the antipodean currency that could see GBP/AUD struggling to extend its Tuesday rebound once back near to the 1.75 level.
August 9,2022
The Pound to Australian Dollar exchange rate has further reversed its July decline during the opening days of August but could struggle to advance much beyond the nearby 1.76 level in the absence of an additional boost from the Bank of England (BoE) this Thursday.
November 3,2022
The Pound to Australian Dollar rate entered the new week near 2022 lows following a July long decline but could find a footing to trade within roughly a 1.7244 to 1.7498 range through the days ahead if a busy schedule of event risks pans out well for the the Aussie and Sterling.
July 26,2022
The Pound to Australian Dollar exchange rate came under pressure early in the new week after a buoyant Sterling was unable to offset a rally by antipodean currencies like the Aussie, which has pushed GBP/AUD below 1.75 and left it at risk of sliding back toward 2022 lows in days ahead.
July 19,2022
The Pound to Australian Dollar rate was wallowing near July lows ahead of the weekend after Australia’s jobs boom and Federal Reserve (Fed) pushback against market expectations for interest rates curtailed GBP/AUD’s earlier attempted rebound and left it at risk of further short-term setbacks.
July 15,2022
The Pound to Australian Dollar exchange rate entered the new week on its front foot and may be at risk of climbing toward the 1.78 handle in the days ahead.
July 12,2022
The Pound to Australian Dollar rate has been volatile but could now struggle to rise back above the very nearby 1.7662 level and may be most likely to ebb toward the round number of 1.75 if the U.S. Dollar retreats from Tuesday’s highs in the days ahead.
July 5,2022
The Pound to Australian Dollar rate retreated from near three-month highs and was at risk of sliding back toward the 1.75 handle early in the new week as Sterling underperformed many other major currencies while the Aussie topped the board alongside the Canadian Dollar.
June 28,2022
The Australian Dollar is at risk of a setback that could see it trading down near to some of its lowest levels against the Pound since the onset of the pandemic, according to downgraded forecasts from Commonwealth Bank of Australia.
June 24,2022
The Pound to Australian Dollar exchange rate may be in the early stages of partially reversing a steep multi-month slide in a process that could see it better supported above the 1.75 level and possibly even breaking back above the 1.78 handle in the days or weeks ahead.
June 21,2022
The Pound to Australian Dollar rate entered the new week on its front foot but could be volatile in the days ahead, with both up and downside risks, if forthcoming Federal Reserve (Fed) and Bank of England (BoE) policy pull in opposing directions for GBP/AUD.
June 15,2022
The Pound to Australian Dollar exchange rate entered the new week close to some of its lowest levels since 2019 and would be at risk of slipping back to 1.72 in the week ahead if Tuesday’s Reserve Bank of Australia (RBA) policy decision provides the Antipodean currency with a further tailwind.
June 6,2022
The Pound to Australian Dollar rate has struggled to sustain its May rebound and could be set to remain suppressed at the lower end of a multi-year range in the days and weeks ahead as the Chinese economy reopens in earnest, likely aiding an outperformance by the antipodean currencies.
May 30,2022
The Pound to Australian Dollar exchange rate fell toward the bottom of a fortnight-long range early in the new week but could be likely to retest the top of that band up around the 1.78 handle in the days ahead.
May 24,2022
The Pound to Australian Dollar exchange rate has rebounded off its early May lows during recent weeks but has met tough resistance near the 1.78 level on the charts, which could continue to bar Sterling’s path higher in the days ahead and during what is an important week for Australian economic data.
May 17,2022
The Pound to Australian Dollar exchange rate entered the new week on its front foot as Sterling staged a partial recovery from earlier losses and its antipodean counterpart came under pressure alongside the Renminbi amid mounting market concerns about the Chinese economic outlook.
May 9,2022
The Australian Dollar is likely to outperform Pound Sterling during the weeks and months ahead according to Commonwealth Bank of Australia (CBA) research, with elevated commodity prices and shifting central bank policies conspiring to drive GBP/AUD down to 1.66 this quarter.
May 4,2022
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