Pound Australian Dollar forecast page 9 - GBP USD

Pound (GBP) Strengthened as Inflation Eased The Pound (GBP) enjoyed moderate success against its major rivals on Wednesday as CPI reading for August fell below expectations and hit 9.9%. Despite inflation remaining close to 40-year high, the cost-of-living eased slightly as tumbling fuel prices finally reached the consumer. Expectations...

Pound (GBP) Fluctuated on Mixed Employment Data The Pound (GBP) enjoyed mixed success against its peers on Tuesday as jobs data printed, giving early hints that the labour market pressures could be finally easing. The unemployment rate fell further than forecasts as it fell to a 48-year low of 3.6%. With expectations of 3.8%, held for...

GBP/AUD Exchange Rate Muted Following UK Employment Figures The Pound to Australian Dollar (GBP/AUD) exchange rate was directionless during early morning trade on Tuesday underpinned by poor domestic headlines. At time of writing the GBP/AUD exchange rate traded at around $1.6967, barely changed from Tuesday’s opening level....

Pound (GBP) Downbeat on Inflationary Impact of Energy Plans The Pound (GBP) came under renewed pressure after Bank of England (BoE) policymakers appeared cautious and somewhat guarded in their speech to parliament. Ahead of new Prime Minister Liz Truss’ announcement of the much-needed financial support, concerns are growing of how...

Pound (GBP) Firmed on Imminent Support Package The Pound (GBP) finally regathered its strength on Tuesday as newly appointed prime minister Liz Truss announces her first course of action as Boris Johnson’s replacement. Reports of a substantial relief package aimed at businesses is set to be announced. A £40bn support package is being...

GBP/AUD Exchange Rate Subdued amid Recession Fears The Pound to Australian Dollar (GBP/AUD) exchange rate weakened on Thursday. The pairing has been volatile for most of the week as a bleak economic outlook weighed on the Pound. At time of writing the GBP/AUD exchange rate traded at around $1.6940. Down roughly 0.2% from Thursday’s...

Pound (GBP) Hindered by Soaring Food Price Inflation The Pound (GBP) continued to struggle amid the UK’s cost-of-living crisis as food price inflation surged to the highest level since 2008. Shop prices for food rose annualised by 5.1% in the month of August, up from 4.4% in July. The war in Ukraine has pushed up prices for farmers,...

Pound (GBP) Under Pressure amid Looming Energy Crisis The Pound (GBP) struggled for demand on Wednesday as the looming energy price cap, which is set to soar by 80%, is weighing on the economy, and Sterling. With millions of households set to struggle in the winter, inflation is expected to hit 18% early next year. Experts are now...

Pound (GBP) Under Increased Pressure amid Mounting Cost-of-Living Crisis The Pound (GBP) failed to find a clear direction against it rivals on Tuesday as mixed PMI data still pointed the UK towards a recession. The manufacturing sector unexpectedly contracted for the month of July, the first shrinking of the sector since May 2020. With...

Pound Australian Dollar (GBP/AUD) Exchange Rate Trades Narrowly amid Risk-Off Mood The Pound Australian Dollar (GBP/AUD) exchange rate trended sideways on Monday. Gains for the currency pair may have been capped by evidence of a cooling UK labour market. Hawkish indicators from the Reserve Bank of Australia (RBA) may also have kept...