Pound Australian Dollar forecast page 24 - GBP AUD

POUND STERLING This morning’s UK CPI Inflation data for September showed that British prices are rising at an annualised 5.2% versus the government’s target of 2%. Ordinarily a release of this nature would see the economy in question’s currency come in for strong support, however the Pound has struggled to make gains on the day,...

POUND STERLING The Pound has performed reasonably on the day against all of the majors, with the exception of the low-yielding Yen and US Dollar. This has been in spite of a report by the Ernst & Young’s widely-respected Item Club, predicting a slowdown in British economic activity and the release of the latest Rightmove House Price...

The Pound Euro exchange rate (GBP EUR) is 1.1390. The Pound Dollar exchange rate (GBP USD) is 1.5826. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5304. Last week ended with a better-than-anticipated US data release for the second week in succession, with Friday’s US Retail Sales data for September, (the week before saw the...

POUND STERLING The Pound has once again performed weakly during today’s session in the currency markets, in spite of this morning’s release of data which showed that the UK’s trade deficit narrowed to £1.9bn in August, thanks to record monthly export figures. With no further UK data of note due for release for the remainder of the...

POUND STERLING Figures from the UK’s Office of National Statistics released this morning showed that British unemployment reached a 17-year high of 2.57m last month. The data also showed that almost 1m 16-24 year olds in the UK are without a job. These depressing numbers have held back Sterling on the day. NEAR -TERM OUTLOOK – NEUTRAL...

POUND STERLING This morning’s UK Manufacturing Production data showed a monthly contraction of 0.3% in British manufacturing output between July and August, providing more bad news for the UK economy. If tomorrow’s UK Jobless Claims Change figure provides further evidence that the slowdown in the UK economy is picking up pace, then it...

POUND STERLING Sterling has performed poorly against all of the major currencies, with the exception of the low-yielding reserve currencies, so far today. With no UK data of note released on the day, the move has come as a delayed response to last Thursday’s surprise decision by the Bank of England to extend its Quantitative Easing...

The Pound Euro exchange rate (GBP EUR) is 1.1550. The Pound Dollar exchange rate (GBP USD) is 1.5614. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5811. Last week ended on a positive note with the release of significantly better-than-anticipated US labour market data. September’s Non-Farm Payrolls data in the US showed that...

POUND STERLING This morning’s UK Producer Price Index data for September came out higher than had been anticipated, indicating that British factory gate prices are still rising at an accelerating rate. The figure traditionally acts as a leading indicator of future price rises for consumers; if this holds true, then the Bank of England...

The Pound Euro exchange rate (GBP EUR) is 1.1552. The Pound Dollar exchange rate (GBP USD) is 1.5538. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5844. Yesterday was a tale of two central bank policy decisions in the currency markets, with both the Bank of England and the European Central bank making their monthly...