The Pound has suddenly turned the tables on the Aussie, which seemed invulnerable pre-Trump, but is now losing out as interest rates rise globally reducing the Aussie’s previous yield advantage.
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The Pound to Australian Dollar exchange rate (GBP/AUD) traded towards lows below 1.60 in the 24 hours following Donald Trump’s victory in the US Presidential Elections.
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The GBP/AUD pair is starting to move lower in line with the dominant medium-term downtrend after a positive assessment by the Reserve Bank of Australia (RBA) lessened fears they would devalue the c…
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The Pound to Australian Dollar exchange rate finally broke higher during the week 31st October through to November 4th.
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GBP/AUD has traded in an increasingly compressed range which suggests a breakout is nigh.
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AUD/USD keeps butting up against a wall of selling at 0.77 – what’s keeping the Aussie bull from breaking through this barrier?
Read more … →The Australian Dollar is seen as likely to strengthen versus the pound as inflation and commodity price in Australia support the home currency.
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