Pound Australian Dollar forecast - GBP USD

Every so often there comes a watershed moment in the currency markets – the news that Lehman Bros had gone under, America’s AAA sovereign debt downgrade and the Swiss National Bank’s decision to introduce a minimum floor of 1.2000 for EUR CHF spring to mind in recent years. Today’s session has the potential to provide investors with...

Last night’s Asian session brought considerable volatility for the Anipodean Dollars following key risk events in both Australia and New Zealand and a potentially game-changing announcement from the World Bank regarding the future prospects of the Chinese economy. As expected, the Reserve Bank of New Zealand announced in the early hours...

This morning’s session brought the latest in a string of positive data releases emanating from the UK economy. The Office of National Statistics published figures at 0930hrs BST this morning which revealed that the overall level of UK unemployment had dipped by a total of 5,000 during the three months leading up to the end of April....

The Bank of Japan’s gung-ho attitude towards its monetary policy during the past nine months has had a considerable effect on the relative levels of the Japanese Yen as well as several of the other sixteen most-actively traded global currencies. Last night’s Asian session re-enforced the important role which the Bank of Japan plays in...

Saturday’s Chinese trade data for May has had a markedly different effect on the Antipodean Dollars. Ordinarily, analysts would expect the high-yielding Australian and New Zealand Dollars to behave in a broadly similar fashion to the import/export numbers from the world’s second largest economy. The Chinese figures showed a significantly...

The POUND STERLING ended last week’s session on a steady footing. A light week for UK data releases this week ensures that tomorrow afternoon’s NIESR quarterly GDP growth estimate for the three months to the end of May takes on added significance. Investors holding Sterling-denominated assets will be looking for a figure of close to or...

Today is Non-Farm Payrolls Friday and rarely has the closely-watched gauge of the level of job creation in the world’s premier economy been so eagerly anticipated. The reason behind this is primarily the content of the recent rhetoric emanating from the US’s central bank, the Federal Reserve, which noted in the minutes of its most recent...

Yesterday’s North American session brought wild fluctuations in the value of several of the sixteen most-actively traded currencies, with the high-yielders, in particular, taking a pounding. The shift in market sentiment was driven by the prevailing ‘risk off’ trading environment, which saw global shares give up a significant amount of...

There have been several significant risk events of note in the global markets during the past 24hrs. Australia led the way with the release of its latest GDP growth figures during last night’s Asian session and they did not make pleasant reading for investors holding Australian Dollar-denominated assets. The data showed that activity levels...

The down-at-heel Australian Dollar gave up ground in the wake of this morning’s Reserve Bank of Australia policy decision. The RBA’s board opted to maintain its key lending rate at its record low of 2.75%, as per analysts’ expectations. However it was the tone of Governor Glenn Steven’s accompanying rhetoric which heaped selling...