Pound Australian Dollar forecast page 15 - GBP USD

Australian Dollar (AUD) Strengthens amid Better-Than-Expected GDP data The Australian Dollar (AUD) strengthened overnight in response to better-than-expected GDP data. Although third quarter GDP reported growth contracted from the 0.7% expansion recorded in Q2, it exceeded the forecast of -2.7% and printed at -1.9%. The...

Australian Dollar (AUD) Suffers Risk-Off Mood due to Covid Variant The Australian Dollar is losing ground against the Pound so far this morning due to risk-off sentiment despite positive retail sales for October. October’s retail sales were released during the overnight session which showed an increase of 4.9%, beating the previous...

Pound Australian Dollar (GBP/AUD) Buoyed as UK Inflation Soars The Pound Australian Dollar (GBP/AUD) exchange rate is strengthening on Wednesday after making solid gains on Tuesday. Soaring UK inflation has led some investors to price in expectations for a rate hike from the Bank of England (BoE) at its December policy...

Pound Australian Dollar (GBP/AUD) Firms after Last Week’s Low The Pound Australian Dollar (GBP/AUD) exchange rate is edging higher today amid a risk-on market mood. GBP/AUD is up just under 0.2% at the time of writing to trade at about AU$1.8267. Upbeat Chinese data and rallying equity markets following the news of Pfizer’s...

GBP/AUD Exchange Rate Rockets as RBA Decision Fails to Excite The Pound (GBP) has shot up against the Australian Dollar (AUD) today as the ‘Aussie’ faces headwinds over dovish messaging from the Reserve Bank of Australia (RBA). At the time of writing, GBP/AUD is trading at A$1.8284, up 0.7% from today’s opening...

GBP/AUD Steady on Autumn Budget Analysis and Mixed Market Mood The Pound Australian Dollar (GBP/AUD) exchange rate is flat today, as markets mull over yesterday’s UK autumn budget and its implications for the UK economy. In addition, risk sentiment remains mixed, which is also keeping the GBP/AUD pair in a narrow range....

GBP/AUD Posts Slight Gains as Risk Sentiment Fades The Pound Australian Dollar (GBP/AUD) exchange rate has inched higher this morning as a risk-off mood dampens demand for the ‘Aussie’, although GBP’s gains are capped as investors await the autumn budget this afternoon. The GBP/AUD pair is currently wavering at around...

Pound Australian Dollar (GBP/AUD) Holds as UK Coronavirus Forecasts Provide Optimism The Pound Australian Dollar (GBP/AUD) exchange rate is attempting to rebound on Tuesday, hovering below AU$1.84. GBP exchange rates have received a boost from optimism over Covid-19 case rate forecasts in the UK, and upbeat data. Amid risk-on...

Pound Australian Dollar (GBP/AUD) Exchange Rate Dips amid Risk-On Mood The Pound Australian Dollar (GBP/AUD) exchange rate is slipping again at the start of this week’s session after attempting to recover some of last week’s losses on Friday. GBP/AUD fell approximately two cents last week before a risk-off mood on Friday helped...

Australian Dollar (AUD) Undermined by Gloomy Market Mood The Australian Dollar (AUD) is trending lower against the Pound (GBP) and the majority of its other peers today as a deterioration in market risk appetite undermines the appeal of the risk-sensitive ‘Aussie’. This gloomy market mood appears to be primarily driven by concerns...