The Australian Dollar was sold following softer-than-expected monthly inflation figures, but weakness was shortlived as analysts looked under the hood and saw some concerning trends.
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Pound Sterling could stay under moderate pressure against the Australian Dollar in the coming week owing to a softening technical setup and the risk monthly inflation figures will beat expectations…
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The Australian Dollar was broadly higher after Australia reported what economists describe as "extraordinary" job growth in February.
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The Australian Dollar fell after the RBA kept interest rates unchanged but stepped back from a commitment to raise them again if required.
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Pound Sterling's 2024 uptrend against the Australian Dollar is intact and the coming week could see a retest of last week's high at 1.9570.
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Expect a resilient Australian economy and currency, thanks to improved trade with China and a slow pace of rate cuts at the Reserve Bank of Australia (RBA).
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The Pound to Australian Dollar exchange rate hit a new 2024 high at 1.9553 last week but ultimately capitulated and ended the week flat, raising the odds of a softer trading conditions in the comin…
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