The GBP/AUD exchange rate is rising within a channel, and the technical outlook is therefore positive. However, expect heightened two-way volatility over coming days as Brexit drama reaches a potential climax.
October 6,2019
The Australian Dollar bested most major rivals Friday including Pound Sterling and even after August retail sales figures suprised on the downside, as the antipodean unit continues to stabilise after falling to a fresh ten-year low earlier in the week.
October 4,2019
The Australian Dollar was hammered Tuesday after the Reserve Bank of Australia (RBA) cut its interest rate to a new record low and hinted strongly of more cuts to come, which some analsts say now risks pushing the antipodean currency to its lowest level for more than a decade.
October 1,2019
The Australian Dollar was softer on Monday amid renewed trade tensions and ahead of the latest interest rate decision from the Reserve Bank of Australia (RBA), although some analysts are warning that the bank could surprise the market in the early hours of Tuesday, leading the antipodean currency to bounce higher.
October 1,2019
If the RBA opts to keep the interest rate unchanged tomorrow the Australian Dollar might rally and push the GBP/AUD exchange rate lower, a move that would dovetail with our latest technical studies which see further near-term weakness.
September 30,2019
The Australian Dollar crept higher against many rivals in the morning session Thursday but is being tipped as vulnerable to fresh losses over the coming days, with strategists at Westpac saying the market is unprepared for a likely Reserve Bank of Australia (RBA) interest rate cut next week.
September 26,2019
The Australian Dollar advanced against all of its major rivals Tuesday as the odds of a Reserve Bank of Australia (RBA) interest rate cut in October appeared to lengthen, although multiple analysts are warning that the bank could still cut rates again and wound further wound the antipodean currency in the months ahead.
September 24,2019
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