Pound Australian Dollar forecast page 10 - GBP USD

Australian Dollar (AUD) Plunged on Slowing Chinese Economy The Australian Dollar (AUD) failed to find demand on Monday as data out of China widely fell short of expectations. Both retail and industrial production data missed market forecasts and printed far lower, highlighting a weaker-than-expected economy. Chinese retail sales rose by...

Pound (GBP) Muted ahead of Expected Contraction of GDP The Pound (GBP) was under increased pressure as investors remained cautious ahead of key GDP data for the month of June. With expectations of the UK economy contracting, Sterling encountered renewed pressure. A lack of data has left the Pound exposed to market sentiment, and despite...

Pound (GBP) Plunged on Downbeat Forecast The Pound (GBP) failed to drum up support as a lack of data left Sterling exposed to the souring market sentiment. After the Bank of England’s (BoE) downbeat economic report following their 50bps rate hike continued to weigh on the Pound. Expectations of a recession are growing, compounded by...

Pound (GBP) Under Intense Pressure from Recession Fears The Pound (GBP) struggled for demand in the wake of the Bank of England’s (BoE) biggest rate hike in 27 years. Despite an apparent hawkish hike, the concerning undertones were confirmed in the press conference that followed the central bank’s decision to raise rates to...

Australian Dollar (AUD) Tumbled amid Dovish Turn from RBA The Australian Dollar (AUD) plummeted despite the Reserve Bank of Australia (RBA) delivering the third straight 50bps interest rate hike at its latest policy meeting. Souring the market mood was the dovish turn from the RBA emanating from their monetary policy statement. The...

Australian Dollar (AUD) Wavers as Retail Sales Missed Expectations The Australian Dollar (AUD) is fluctuating today as retail sales printed below expectations but still recorded a sixth straight month of growth. Despite falling short of a forecasted 0.5% growth, retail sales in Australia soared to another record level of $34.24Bn in...

Pound (GBP) Falls on Mounting Inflationary Pressures The Pound (GBP) is experiencing downward pressures as the release of the Confederation of British Industry (CBI) July retail sales balance further compounds the cost-of-living crisis. Following on from a second consecutive month of declining retail sales, the CBI survey revealed that...

Pound (GBP) Remains Quiet in the Wake of Poor Data The Pound (GBP) is struggling to find demand as a lack of major data this week is leaving Sterling open to the souring market sentiment. With poor retail sales and mixed PMI data from Friday, and persistent political uncertainty, the Pound is left exposed to the worsening economic...

Pound (GBP) Slides amid Renewed Economic Pressures The Pound (GBP) is under increased pressure as inflationary pressures continue to squeeze the economy as retail sales continue to fall at a rate not seen since the height of the pandemic. The British Retail Consortium (BRC) released its survey that showed British shoppers have cut back...

Pound (GBP) Buoyed by Upwardly Revised PMI The Pound (GBP) is strengthening against the Australian Dollar (AUD), despite initially softening against some of its other peers. As today’s trade began, renewed worries about the UK economy put some pressure on the Pound. Sainsbury’s supermarket revealed its latest results, which...