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The Pound to Australian Dollar exchange rate has rallied to some of its best levels since the onset of the pandemic only to be obstructed by a major technical resistance overhead on the charts, which could now force Sterling to consolidate in a rough 1.8855 and 1.9085 range this week.
May 1,2023
GBP/AUD is in an uptrend with technical signals suggesting more gains are incoming.
April 27,2023
Headline Australian inflation came in above expectations on Wednesday, however, the Australian Dollar ultimately slumped as the details of the much-anticipated report were soft.
April 26,2023
The Pound to Australian Dollar exchange rate reached its highest since the opening of Russia's full-scale invasion of Ukraine in ANZAC Day trade but would be susceptible to sharp corrective losses almost immediately after if Australian inflation is anything like as stubborn as that in the UK.
April 25,2023
GBP/AUD supported at 1.84-1.8450, iron ore decline underpins AUD weakness, inflation is this week's hot ticket.
April 24,2023
The Pound to Australian Dollar exchange rate is already one of the better performing Sterling pairs of the year but could rise further and potentially above 1.89 in the weeks or months ahead as the bilateral bond yield differential heads for levels rarely seen since the turn of the millennium.
April 19,2023
The Australian Dollar has been one of the biggest fallers among major currencies this year but downgraded forecasts from Commonwealth Bank of Australia (CBA) suggest it could fall further against some currencies and remain an underperformer in the months ahead.
April 18,2023
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