GBPAUD rallied sharply on Thursday and could be on course to test its 2023 high-water mark located at 1.9028 amidst a broader pullback in the Aussie Dollar.
May 25,2023
The Pound to Australian Dollar exchange rate entered the new week around the middle of a narrow May month range but could be more volatile in the days ahead while on a multi-week basis price action could potentially take Sterling anywhere within a much wider 1.82 to 1.95 range.
May 22,2023
The New Zealand Dollar entered the penultimate session of the week on the front foot and at the top of the major currency board while the Australian Dollar trailed near the back of the pack, though not quite as far behind as an underperforming Pound and Norwegian Krone.
May 18,2023
The Pound to Australian Dollar rate climbed in mid-week trade after an official measure of wage growth validated Reserve Bank of Australia (RBA) forecasts and as China's Renminbi appeared to lead other currencies lower when falling beneath another important level on the charts.
May 17,2023
Australian wages appear to be peaking, which could in turn mean the Reserve Bank of Australia (RBA) has potentially reached its peak interest rate for the current cycle.
May 17,2023
The Australian Dollar is under pressure following new communication from the RBA, disappointing consumer confidence figures and Chinese data which suggests economic growth in Australia's largest trading partner continues to disappoint.
May 16,2023
The Australian Dollar will this week remain at risk of further weakness in global commodity prices, however, a busy domestic calendar will also provide some potential volatility in the Pound to Australian Dollar exchange rate (GBP/AUD).
May 15,2023
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