The Pound-to-Australian Dollar has risen up to a key watershed level on the chart at a major multi-month trendline, and for holders of Pounds this provides a tantalizing opportunity to wait for a p…
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Economic and central bank factors mean the Aussie could see downward pressure against the G10 in the months ahead, while speculative positioning suggests there is money to be made by shorting the A…
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The Pound-to-Australian Dollar continues weakening along with most GBP pairs as the new trading week begins, the main driver may be UK politics, with a further deterioration driven by a worsening o…
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The recent fall in retail sales combined with other signs of a fragile consumer may mean the RBA struggles to justify a rate hike much before 2019.
Read more … →"Today’s data reinforces the RBA’s concern that slow wage growth and rising household debt levels would restrain household spending," - St George Bank.
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Despite a recent upturn, and more hawkish expectations among economists, risks still abound for the Australian economy.
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Traders will be carefully monitoring the Pound-to-Australian Dollar this week as the exchange rate has reached a level of considerable importance.
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