The Pound to Australian Dollar rate climbed in mid-week trade after an official measure of wage growth validated Reserve Bank of Australia (RBA) forecasts and as China's Renminbi appeared to lead other currencies lower when falling beneath another important level on the charts.
May 17,2023
The Pound to Australian Dollar exchange rate remained near three-month highs in mid-week trade after local data queried elevated market-implied expectations for the Reserve Bank of Australia (RBA) cash rate, which could yet stoke further political controversy over the pathway of borrowing costs.
March 1,2023
The Australian Dollar slipped Wednesday after final quarter wage data failed to keep an earlier rally by the Antipodean unit alive, but President Donald Trump's reported push to prevent China devaluing its Renmimbi in the future has scope to be a significant positive for the curency.
February 20,2019
The Australian Dollar handed back earlier gains Wednesday despite official data showing Aussie wage growth picking up a touch during the third-quarter, while industrial figures from China cast a shadow over the world's second largest economy.
November 14,2018