Pound Australian Dollar forecast - GBP AUD

The Australian and New Zealand dollars both benefitted from a surge in risk appetite following the benign US inflation data and the Australian dollar also drew support from the latest wages data. Chinese data releases also triggered an element of optimism surrounding the economic outlook which also underpinned the Australian and New...

The Pound Australian Dollar (GBP/AUD) exchange rate spiked to the best conversion in a week after the Reserve Bank of Australia (RBA) increased interest rates to 4.35% at the latest policy meeting, in line with consensus forecasts. Despite a brief spike on the decision, the Australian currency declined sharply. The Australian dollar...

The Pound Australian Dollar (GBP/AUD) exchange rate weakened on Monday, following unexpectedly strong Australian retail data. At the time of writing, GBP/AUD traded at around AU$1.9062, falling by just over 0.3% from Monday’s morning rates. The Australian Dollar (AUD) strengthened over the course of Monday’s session, following...

The Pound Australian Dollar (GBP/AUD) exchange rate attempted to recover on Thursday morning after stumbling overnight following strong Australian jobs data. At the time of writing, GBP/AUD was trading at around AU$1.8601, up over 0.3% from an earlier low of AU$1.8534 but still down on the previous day’s levels. Australian Dollar...

Pound Australian Dollar (GBP/AUD) Exchange Rate Slumps amid Surprise RBA Rate Hike The Pound Australian Dollar (GBP/AUD) exchange rate cratered on Tuesday, following a surprise interest rate hike from the Reserve Bank of Australia (RBA). At the time of writing, GBP/AUD traded at around AU$1.8639, a fall of just under 0.9% from...

Australian Dollar (AUD) Underpinned by Strong Chinese Rebound The Australian Dollar (AUD) found some moderate strength to open the week after it was revealed China reported better-than-expected services PMI. Against expectations of 55, the service sector jumped to 57.1, marking the fifth straight month of expansion. The reading also...

Pound Australian Dollar (GBP/AUD) Exchange Rate Climbs on Red Hot UK Core Inflation The Pound Australian Dollar (GBP/AUD) exchange rate soared on Wednesday, as a shock jump in UK core inflation prompted increased interest rate hike bets. At the time of writing, GBP/AUD traded at around AU$1.8878, a rise of just under 0.6% from...

Pound Australian Dollar (GBP/AUD) Exchange Rate Slips as Investors Adjust BoE Rate Hike Bets The Pound Australian Dollar (GBP/AUD) exchange rate weakened during Wednesday’s European session, as investors began to readjust their bets on further tightening from the Bank of England (BoE). At the time of writing, GBP/AUD traded at...

Pound Australian Dollar (GBP/AUD) Exchange Rate Firms as UK Dodges Recession The Pound Australian Dollar (GBP/AUD) exchange rate firmed on Friday, as the UK was found to have avoided a recession in Q1. At the time of writing, GBP/AUD traded at around AU$1.8715, a rise of roughly 0.2% from Friday’s opening rates. Pound (GBP)...

Pound Australian Dollar (GBP/AUD) Exchange Rate Narrows amid Downbeat Market Mood The Pound Australian Dollar (GBP/AUD) exchange rate traded in narrow boundaries during Wednesday’s European session, as a bearish market mood sapped sentiment towards both currencies. At the time of writing, GBP/AUD traded at around AU$1.8675, showing...