The RBA raised the cash rate target to 4.10% and said it was open to hiking rates further, a decision that triggered a rally in the Australian Dollar.

June 6,2023

GBPAUD remains in a multi-week uptrend, however, near-term turbulence inspired by Australia's central bank can offer opportunities in either direction.

June 5,2023

Improved global investor risk sentiment and rising bets that the Reserve Bank of Australia (RBA) will hike interest rates on June 06 helped the Australian Dollar rally ahead of the weekend.

June 2,2023

The Australian Dollar firmed as a Chinese manufacturing survey for May showed the sector returned to growth, but other data point to a shaky recovery that could limit the upside potential in China-linked assets.

June 1,2023

The Australian Dollar was one of the bigger fallers in the advanced economy currency space in mid-week trade as losses lifted GBP/AUD to one-year highs while helping to paint an increasingly bullish picture onto the charts. 

June 5,2023

The Pound to Australian Dollar exchange rate opened the holiday-shortened week near the month's highs and some of its best levels for more than a year but it could reach toward the sky if inflation recedes further in the direction of the Reserve Bank of Australia (RBA) target this Wednesday.

May 30,2023

The Pound to Australian Dollar exchange rate remained buoyant near its highs for the period in the final session of the week as bilateral economic developments helped to maintain an improved bond yield differential as the U.S. Dollar softened and Renminbi strengthened in the background. 

May 26,2023

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