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GBP to AUD Exchange Rate News Now: Aussie Dollar Falls on Trade Data, AUD/USD Lower

July 2, 2015 - Written by John Cameron

Fed Rate Bets, Aussie Data Impact GBP/AUD Exchange Rate Today

The Australian Dollar gained against the Pound after the UK's Non-Farm Payrolls report showed a smaller-than-expected jobs gain. Economists bet that the result could make the Fed reconsider a September rate hike so higher-risk assets were able to climb. Further GBP/AUD movement occurred following the publication of Australia's Services and Retail Sales reports.

Australian Dollar (AUD) Exchange Rate Broadly Softer on US Data, AUD/GBP, AUD/USD Decline

The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate moved away from a 71-month high this week as the UK’s Manufacturing PMI failed to deliver the upbeat report expected, but the pairing recovered ground during the North American session. With US ADP Employment Change and ISM Manufacturing numbers both supporting the case in favour of at least one interest rate revision from the Federal Reserve this year, the appeal of higher-risk and emerging-market currencies was significantly lessened. It was also speculated that the better-than-forecast employment number would see today’s US Non-Farm Payrolls number come in above expected levels.

The Pound Sterling to Australian Dollar (GBP/AUD) Exchange Rate was Trading in the Region of 2.0521

Currency Newsflash: AUD to GBP, EUR, USD Exchange Rate Losses Follow Australian Trade Numbers

The Australian Dollar then extended declines against peers like the Pound, Euro and US Dollar as investors digested a worse than hoped for Australian trade report. A 4% slide in imports and 1% rise in exports resulted in the nation recording a deficit of 2.75 billion Dollars in May. A narrower shortfall of 2.25 million Dollars had been anticipated.

Currency strategist Chris Weston said of the trade numbers; ‘It’s worse than what the market was looking for, so we’re seeing a bit of reaction in the Aussie Dollar. It doesn’t paint a particularly rosy picture of the domestic demand.’

The US Dollar to Australian Dollar (USD/AUD) Exchange Rate Climbed 0.5% Today

GBP/AUD, USD/AUD, EUR/AUD Currency Market Outlook: Australian Services Data Predicted to Impact Exchange Rates

While the US Non-Farm Payrolls report is likely to trigger notable currency market movement today, investors with an interest in the Pound Sterling to Australian Dollar and US Dollar to Australian Dollar exchange rates will also be looking ahead to the Australasian session. Australia is set to publish its AiG Performance of Service Index and Retail Sales numbers for May. Disappointing results could send the ‘Aussie’ spiralling lower still. China’s Composite and Services PMIs may also have an impact on demand for the Australian Dollar overnight.

The Euro to Australian Dollar (EUR/AUD) Exchange Rate Surged 0.8%

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