Pound Australian Dollar forecast page 11 - GBP AUD

Pound (GBP) Weakens amid Darkening Economic Outlook The Pound (GBP) is slipping against most of its rivals today as a lack of data has left Sterling vulnerable to the souring market sentiment. Fears over a sharper than desired slowdown in economic growth has worried investors. Domestically, multiple headwinds are piling more pressure on...

Pound (GBP) Under Pressure from Renewed Brexit Troubles The Pound (GBP) is softening against its rivals today as the Northern Ireland protocol bill passes its first parliamentary vote as the UK intends to scrap part of the deal. Plans to unilaterally alter the Northern Ireland protocol, a move that has drawn criticism from not only the...

Pound (GBP) Wavers amid Social and Political Unrest The Pound (GBP) is trading in a narrow range against most of its peers today as the ongoing political and social unrest in the country is weighing heavily on Sterling. Adding to the social unrest caused by the escalating cost-of-living crisis, barristers are walking out and striking...

Pound (GBP) Pressured by Political Instability and Recession Fears The Pound (GBP) saw a brief uptick against the Australian Dollar (AUD) in the overnight session before dropping this morning. Ongoing concerns over inflationary pressures and the impending byelection is weighing on the Pound today. After UK inflation hit 9.1% YoY in May,...

Pound (GBP) Slips as Mounting Inflationary Pressures Stoke Recession Fears The Pound (GBP) dipped against the Australian Dollar (AUD) this morning as markets are increasingly unnerved by the prospect of a global recession. With the stock markets posting their biggest percentage decline in over two years, investors are concerned that...

Australian Dollar (AUD) Buoyant as RBA Delivers Bigger-than-Expected Rate Hike The Australian Dollar (AUD) strengthened overnight after the Reserve Bank of Australia (RBA) delivered its biggest one-off interest rate hike in over two decades. Surpassing expectations a more modest rise to 0.6%, the Official Cash Rate (OCR) soared to 0.85%, a...

GBP/AUD Loses Ground as China Prepares to Ease Lockdown The Pound Australian Dollar (GBP/AUD) exchange rate is trading lower this morning as China looks set to ease certain covid lockdown rules, boosting the China-proxy Australian Dollar (AUD). Meanwhile, the Pound (GBP) is being pressured by UK politics. At the time of writing, the...

GBP/AUD Rangebound amid UK Political Uncertainty The Pound Australian Dollar (GBP/AUD) exchange rate is trading in a narrow range this morning, continuing the overnight trend. The Pound (GBP) is struggling to gain any meaningful momentum as political uncertainty prevails, though yesterday’s publication of the ‘partygate’ report...

Pound (GBP) Wavers Ahead of Report Findings The Pound is recovering today after falling sharply yesterday over the troubling service PMIs, but with the release of the Sue Grey ‘partygate’ report, Sterling’s upside potential appears limited. With the public release of Grey’s report, the findings don’t appear to be as damning...

GBP/AUD Slips on Australian Election 2022 The Pound Australian Dollar (GBP/AUD) exchange rate is facing headwinds at the opening of today’s European session as the Australian election looks set to produce a new majority government. Meanwhile, the Pound (GBP) continues to struggle amid the UK cost-of-living crisis. At the time of...