Pound Australian Dollar forecast page 2 - GBP AUD

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...

Pound Australian Dollar (GBP/AUD) Exchange Rate Weakens amid Hawkish RBA Rhetoric The Pound Australian Dollar (GBP/AUD) exchange rate weakened on Friday, as a hawkish statement from the Reserve Bank of Australia (RBA) prompted elevated rate hike bets. At the time of writing, GBP/AUD traded at around AU$1.8742, a fall of around 0.3%...

Pound Australian Dollar (GBP/AUD) Exchange Rate Strengthens as Profit Taking Dents AUD The Pound Australian Dollar (GBP/AUD) strengthened on Wednesday, as the Australian Dollar (AUD) was stricken by profit taking. Furthermore, the market mood appeared to favour GBP. At the time of writing, GBP/AUD traded at around AU$1.8781, a rise of...

Pound (GBP) Supported by Renewed Economic Optimism The Pound (GBP) managed to find modest support despite a lack of major economic data. Providing some modest support to Sterling is renewed optimism over the economic outlook for the UK. Deloitte released their quarterly poll of chief financial officers across the UK and found the...

Pound Australian Dollar (GBP/AUD) Exchange Rate Slips as UK Economy Stagnates The Pound Australian Dollar (GBP/AUD) exchange rate weakened during Thursday’s session, as the UK’s economy was seen to have stagnated during February. Furthermore, upbeat labour market data in Australia increased rate hike bets amongst AUD investors,...

Pound (GBP) Bolstered by Strengthening Retail Sector The Pound (GBP) found renewed strength against most of its peers on Tuesday morning in the wake of stronger-than-expected retail sales figures. The British Retail Consortium (BRC) published the latest retail sales monitor data, showing that sales climbed by 4.9% YoY compared to March of...

Pound (GBP) Limited by Ongoing Economic Outlook Fears The Pound (GBP) found moderate success against its weaker peers on Monday amid a lack of economic data. Comments from the head of the International Monetary Fund (IMF) have rocked market sentiment amid the global banking crisis. After the collapses of several banks, markets turned...

Pound (GBP) Undermined by Lingering Recession Fears Meanwhile, the Pound (GBP) struggled to find a clear direction on Friday against some of its peers. Despite retail sales printing far above market forecasts with a 1.2% increase, the Pound still succumbed to looming recession fears. Against expectations of a modest 0.2% rise in retail...

Pound Australian Dollar (GBP/AUD) Exchange Rate Narrows as Markets Digest BoE Forward Guidance The Pound Australian Dollar (GBP/AUD) exchange rate traded in narrow boundaries during Thursday’s session, as investors pored over the latest forward guidance from the Bank of England (BoE). At the time of writing, GBP/AUD traded at around...

Australian Dollar (AUD) Weakened amid a Cautious RBA The Australian Dollar (AUD) came under increased selling pressure on Tuesday after the minutes from the Reserve Bank of Australia’s (RBA) last policy meeting were released. The minutes revealed that the RBA adopted a more cautious approach to monetary policy and considered a pause....