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The Pound to Australian Dollar exchange rate remained near three-month highs in mid-week trade after local data queried elevated market-implied expectations for the Reserve Bank of Australia (RBA) cash rate, which could yet stoke further political controversy over the pathway of borrowing costs.
March 1,2023
The Pound to Australian Dollar exchange rate reached some of its highest levels since December early in the new week but slipped from the summit of its latest peak as the market looked ahead to Wednesday's publication of the January inflation figures and final quarter GDP data.
March 1,2023
GBP/AUD could have scope to test above 1.79 short-term.
February 28,2023
Westpac economists have raised their forecast for the Reserve Bank of Australia (RBA) cash rate to 4.1% after the latter adopted a more hawkish tone in its February monetary policy statement owing to concerns about a divergence between inflation at home and abroad.
February 27,2023
The Australian Dollar rebounded from prior lows to outperform other major currencies in the penultimate session of the week but might risk becoming like a fallen angel if a pending change on the Reserve Bank of Australia (RBA) board leads the market to view its monetary policy independence as lost.
February 23,2023
The Australian Dollar slipped to the bottom of the major currency bucket in the midweek session as softer-than-expected wage growth appeared to weigh.
February 22,2023
GBP/AUD under pressure & risking further losses short-term
February 21,2023
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