Pound Australian Dollar forecast page 4 - GBP AUD

The POUND STERLING has enjoyed a broadly positive day on the currency markets today. Sentiment surrounding the UK currency has been relatively firm since yesterday’s NIESR GDP Growth estimate forecasted that Britain’s economy had returned to growth during the first quarter of 2013. With little in the way of UK data releases scheduled for...

Today’s session has once again seen global share markets register healthy gains, with London’s benchmark FTSE 100 trading up by almost 1% with two hours of the day’s equities session remaining. Frankfurt’s Dax has registered gains of an even greater magnitude so far today. The improvement in global risk sentiment has taken place...

This morning brought a mixed bag of UK data releases. February’s Industrial Production data was ‘less bad’ than had been anticipated, showing at -2.2% versus analysts’ expectations of a -2.8% print, while British Manufacturing Production figures for February came in bang on expectations at -1.4%. On a busy morning for those with...

Last week’s session ended on a positive note for the Pound when leading credit rating agency Standard & Poor’s announced that it is maintaining the UK’s AAA credit rating – for the time-being at least. Fears had been rife amongst investors holding Sterling-denominated assets that Moody’s announcement last month that it was...

The POUND STERLING received a boost earlier today when the Bank of England announced that it would not be increasing the £375bn already allocated to its Quantitative Easing programme. A better than expected PMI Services sector survey added to the positive lustre surrounding the UK tender on the day. Analysts expect Sterling to trade on a...

With the extraordinary situations in Cyprus and Italy having cooled in recent sessions, appetite for risk has returned to the market in a major way over the past 24 hours. Yesterday evening’s market close in the US saw both the broad-ranging S&P 500 and the narrower large cap Dow Jones both close at new record levels in the US. The...

This morning’s report from the British Chamber of Commerce, which predicted that the UK economy has avoided slipping in to an unprecedented triple dip recession, has failed to stop the POUND STERLING losing ground against the majority of the other sixteen most-actively traded currencies so far today. Weaker than expected UK Mortgage...

Yesterday was a public holiday across the majority of the Western world, meaning that there was limited trading in the foreign currency markets. However, it was a normal session for Asian market participants, meaning that there was price movement for many of the world’s major currency pairs. The Pound fared reasonably well against the...

The EURO started today’s session firmly under the cosh, as investors fretted about possible tensions in Cyprus when the debt-addled nation’s banks re-opened for business this morning. The wide scale trouble which had been anticipated failed to materialise, giving the single currency some breathing space. However, the euro remains under...

The US economy took centre stage during today’s session in the foreign currency markets, as commentary from American policymakers and data releases from the world’s biggest economy attempted to prize the headlines away from ‘the Cyprus situation’. This afternoon’s US Consumer Confidence survey shed more light on Federal Reserve...