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We forecast the Pound to struggle against the Australian Dollar in the week ahead owing to the strong likelihood that the Federal Reserve will cut interest rates by 50 basis points.
September 16,2024
The Australian Dollar reached a one-week high following improved investor sentiment that followed a reboot in expectations for an outsized 50 basis point interest rate cut from the Federal Reserve.
September 13,2024
The Australian Dollar is predicted to strengthen against the Euro, Pound and U.S. Dollar over the next few months and through 2025, according to a major Australian lender.
September 12,2024
The Pound to Australian Dollar exchange rate (GBP/AUD) is forecast to break above a key resistance line in the coming week amidst falling commodity prices and soft investor sentiment.
September 9,2024
The Governor of the Reserve Bank of Australia (RBA) said the central bank won't be pushed into cutting interest rates until it felt the right conditions had been met.
September 5,2024
The Australian Dollar is the day's biggest loser on a combination of sliding stock markets, falling commodities and higher U.S. treasury yields. Domestically, partial GDP data and a blowout current account deficit raised eyebrows.
September 3,2024
Thursday's speech by Reserve Bank of Australia Governor Bullock is the main event out of Australia this week. However, it will be a U.S. jobs report that will determine where Friday's close is recorded.
September 2,2024
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