The Pound has been under pressure against the Australian Dollar of late but the GBP/AUD exchange rate is now approaching solid areas of support while much of the price action this week will depend on the RBA interest rate decision.
June 3,2019
The Australian Dollar is now facing further losses before the year is out, according to analysts at Australia & New Zealand Banking Group (ANZ), who've cut their forecasts for the Antipodean unit due to the anticipated effect of an escalation in the trade conflict between the U.S. and China.
May 31,2019
The Pound has suffered punishing losses against all its major rivals in recent weeks but it's still up almost one percent against the Aussie for 2019 and will rise a further five percent before the year is out, according to the latest forecasts from Westpac.
May 30,2019
The Australian Dollar was buoyant Tuesday after falling stockpiles at Chinese ports drove iron ore prices up by almost five percent, ahead of the latest batch of housing market data, but analysts at Westpac have cut their forecasts for the Antipodean currency and now project further losses before the year is out.
May 29,2019
GBP/AUD has now also pierced below a major trendline drawn from the 2018 December lows, and this adds further conviction to our bearish forecast.
May 27,2019
The Australian Dollar will probably not hold onto its post-election gains as the old problems which shaped the previously bearish outlook remain, says Andrew Watrous, an analyst at Morgan Stanley, who retains a bearish outlook for the currency.
May 24,2019
Pound Sterling is likely to rise by more than five percent against the Australian Dollar before year-end and losses in a 'no deal' Brexit scenario might be limited to less than four percent, according to forecasts from Capital Economics.
May 23,2019
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