GBP/AUD is showing the potential for a break higher within a greater sideways range and a move above 1.7980 could signal a new up phase for the pair. Key for the exchange rate this week will be the market's reaction to Theresa May's Brexit plans.
July 9,2018
The Pound-to-Australian-Dollar rate fell Friday as the Aussie unit rose across the board against its major rivals although it remains in the middle of a three-month range that will define trading in the currency pair through the third quarter, according to strategists at Sydney-headquartered Westpac Banking Corporation.
July 6,2018
According to the latest forecasts from Australian lender St George Bank, the Aussie unit has finally found a new floor after months of heavy losses.
July 6,2018
The Australian Dollar rose across the board Wednesday as markets responded to a better-than-expected set of retail sales figures for May, although the data does little to convince markets the RBA will raise interest rates anytime soon, prompting analysts at ABN Amro to downgrade their forecasts for the currency.
July 4,2018
The Australian Dollar strengthened during early trading Tuesday after the Reserve Bank of Australia signalled improving confidence in the outlook for wage growth down under and that it is comfortable with the current level of the Australian Dollar when some analysts had been entertaining the possibility of a dovish turn in the bank's rhetoric.
July 3,2018
Technical studies are supportive of Pound Sterling's prospects against the Australian Dollar but much will depend on the flavour of UK PMI data and this week's RBA event.
July 2,2018
The Australian Dollar is vulnerable to further losses during the months ahead, according to strategists at Australia and New Zealand Banking Group, who argue in their latest research note that both domestic and global factors have conspired to darken the outlook for the Antipodean unit.
June 28,2018
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