The Pound-to-Australian Dollar rate is trading at 1.8130 early on Tuesday of the new week after losing -1.10% last week, but is poised to edge higher over the coming days.
February 19,2019
The Australian Dollar rose Thursday as markets cheered fresh signs the White House could be willing to extend trade negotiations with China past a March 01 deadline, although new forecasts from UBS and Commonwealth Bank of Australia suggest things are already about as good as they'll get for the Antipodean currency.
February 14,2019
The Australian Dollar rose Tuesday as investors cheered an agreement struck overnight in Washington that will avert a second 2019 U.S. government shutdown, which has buoyed so-called risk assets including the Antipodean currency.
February 12,2019
The technical outlook for GBP/AUD is marginally bullish as the pair is rising in a clear ascending channel which is expected to continue along the lines of the old adage that ‘the trend is your friend’. Inflation and GDP data forms the primary focus for Sterling in the week ahead while Chinese trade data will be watched by Aussie traders.
February 11,2019
The sudden rebound in the GBP/AUD exchange rate coincides with the pair reaching a strong support zone at the level of the base of a channel and several key moving averages (MA) including the 50 and 200-day MAs.
February 7,2019
The midweek volte-face in economic expectations at the RBA dovetails with the exchange rate reaching a key watershed ‘make-or-break’ level on charts.
February 6,2019
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