The Pound to Australian Dollar will unlikely attain the round figure of 2.0 and can fall over the remainder of 2023, according to a new analysis from Bank of America (BofA).
September 19,2023
September 19,2023
Commodities, stocks and risk-sensitive currencies such as the Australian Dollar benefited at the start of a new week amidst a retreat in the Dollar and some positive data out of China.
September 12,2023
GBPAUD remains in a clear uptrend that could ultimately allow for further advances to fresh highs over the coming weeks, although near-term weakness is possible over the coming days of August.
August 7,2023
Australian Dollar losses and a rally by Sterling have lifted GBP/AUD near to its coronavirus crisis highs and few, if any, analysts expect this week's Reserve Bank of New Zealand (RBNZ) interest rate decision or speech from Reserve Bank of Australia (RBA) Governor Philip Lowe to overturn the apple cart anytime soon.
July 11,2023
This week, the Australian Dollar's main focus will be Tuesday's interest rate decision at the Reserve Bank of Australia (RBA), which could result in another test of three-year lows against the Pound, or another short-term comeback.
July 3,2023
The Australian Dollar rally risks stalling shows a new analysis from Commonwealth Bank of Australia that reveals much will now depend on the nature of a planned stimulus plan in China.
June 14,2023
GBPAUD remains in a multi-week uptrend, however, near-term turbulence inspired by Australia's central bank can offer opportunities in either direction.
June 5,2023
The Pound to Australian Dollar exchange rate opened the holiday-shortened week near the month's highs and some of its best levels for more than a year but it could reach toward the sky if inflation recedes further in the direction of the Reserve Bank of Australia (RBA) target this Wednesday.
May 30,2023
The Pound to Australian Dollar exchange rate entered the new week around the middle of a narrow May month range but could be more volatile in the days ahead while on a multi-week basis price action could potentially take Sterling anywhere within a much wider 1.82 to 1.95 range.
May 22,2023
The Australian Dollar will this week remain at risk of further weakness in global commodity prices, however, a busy domestic calendar will also provide some potential volatility in the Pound to Australian Dollar exchange rate (GBP/AUD).
May 15,2023
GBPAUD has bounced ahead of the weekend but a peaking of Bank of England rate hike expectations and a slowing economic data pulse could mean fresh 2023 highs are out of reach in the near term.
May 15,2023
The Pound to Australian Dollar rate edged higher in the opening session of a holiday-shortened week but any further gains could be limited with GBP/AUD potentially listing to the downside in the wake of Thursday's Bank of England (BoE) forecast update and interest rate decision.
May 9,2023
The Pound to Australian Dollar exchange rate has rallied to some of its best levels since the onset of the pandemic only to be obstructed by a major technical resistance overhead on the charts, which could now force Sterling to consolidate in a rough 1.8855 and 1.9085 range this week.
May 1,2023
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