The chart of GBP/AUD shows the descending channel continuing its down-ward trajectory. Takeaway - the pound could weaken.
January 29,2016
The Australian dollar is rallying off recent commodity sell-off lows as reasons to buy multiply.
January 24,2016
The Australian dollar has been under pressure against both the British pound and US dollar of late with the global financial and commodity market backdrop proving unsupportive.
January 19,2016
In its latest set of forecasts the Commonwealth Bank of Australia (CBA) predict the Aussie will hit a low of 0.65 against USD before gradually recovering.
January 16,2016
Australian dollar exchange rate forecasts from RBS confirm the UK bank is predicting declines against the British pound, US dollar but against the euro gains should be made.
January 15,2016
“We favour owning downside AUDUSD digital puts as a leveraged play on further CNH depreciation.” - Bank of America.
January 12,2016
Westpac’s Sean Callow says the Aussie dollar is likely to continue its period of outperformance against the British pound.
January 7,2016
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