Pound Australian Dollar forecast page 3 - GBP USD

Pound (GBP) Supported by Strength of UK Banking System The Pound (GBP) managed to shrug off mounting financial sector fears and climbed against most of its peers on Monday. Despite the buyout of Credit Suisse by UBS failing to cheer the markets, Sterling found strength as the Bank of England (BoE) reassured investors. Bank shares...

Pound Australian Dollar (GBP/AUD) Exchange Rate Pulled Lower by Risk-On Mood The Pound Australian Dollar (GBP/AUD) exchange rate fell on Friday. A risk-on market mood pulled the pairing lower. Bets that the Bank of England may further slow its pace of policy tightening also weighed on GBP/AUD. At time of writing the GBP/AUD...

Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as Australian Labour Data Surprises The Pound Australian Dollar (GBP/AUD) exchange rate weakened during Thursday’s morning trade, as the ‘Aussie’ benefitted from a red hot set of employment data. The data served to spark further rate hike bets amongst AUD investors, by...

Pound Australian Dollar (GBP/AUD) Exchange Rate Narrows amid UK Budget Anticipation The Pound Australian Dollar (GBP/AUD) exchange rate traded in a narrow range on Wednesday morning, as anticipation for the Spring Budget was countered by a souring market mood. At the time of writing, GBP/AUD was trading at around AU$1.8179, and...

Australian Dollar (AUD) Supported by Risk-On Sentiment The Australian Dollar (AUD) enjoyed modest gains on Monday after news of Silicon Valley Bank collapsing last week prompted fears over the Federal Reserve’s aggressive monetary tightening policy. With SVB folding sending alarm bells ringing across the markets, investors are now...

Pound (GBP) Buoyed by Rebounding UK Economy The Pound (GBP) surged on a better-than-expected economic recovery in January. Despite a marginal improvement over an expected 0.1% increase, GDP expanded by 0.3% after a woeful 0.5% contraction in December. The cost-of-living crisis and industrial action weighed heavily in December, and the...

Pound Australian Dollar (GBP/AUD) Exchange Rate Narrows as Investors Buy the Dip The Pound Australian Dollar (GBP/AUD) exchange rate narrowed on Thursday, as investors moved to invest in more risk sensitive currencies. At the time of writing, GBP/AUD traded at around AU$1.7988, showing little movement from Thursday’s opening...

Australian Dollar (AUD) Softened on Dovish RBA Rate Hike Expectations The Australian Dollar (AUD) struggled for demand on Wednesday as the Reserve Bank of Australia (RBA) conceded that it was now closer to pausing its aggressive cycle of interest rate increases. In a speech in Sydney, RBA Governor Philip Lowe poured cold water on any...

Australian Dollar (AUD) Slipped on Reduced Future Rate Hike Bets The Australian Dollar (AUD) tumbled overnight as the Reserve Bank of Australia (RBA) delivered a dovish rate hike. Despite meeting expectations of a 25bps rate hike, and a record 10th consecutive time, the accompanying statement sapped demand. With the cash rate now...

Australian Dollar (AUD) Quiet ahead of RBA Rate Decision The Australian Dollar (AUD) came under renewed pressure on Monday in the wake of China’s modest GDP growth targets. The world’s second largest economy outlined their less-than-ambitious economic targets for the year, with China targeting a 5% growth. Lower than market...