The Pound to Australian Dollar exchange rate entered the New Year trading on the front foot but inflation differentials suggest that it's fairly priced anywhere between 1.7526 and 1.8169 while the ongoing undervaluation of AUD/USD is a possible limit on the upside for GBP/AUD up ahead.
January 3,2023
The Australian Dollar was an outperformer among major currencies in mid-week trade following an announced reopening of China's borders for in and outbound travelers, helping to drive GBP/AUD near one-month lows while potentially leaving Sterling at risk of further losses.
December 28,2022
The Pound to Australian Dollar exchange rate has established a foothold above the 1.80 handle over the course of December while continuing to test technical resistance just above the 1.82 level in recent trade and directional risk likely remains tilted toward the upside heading into the festive holidays.
December 19,2022
AUD forecast to strengthen in 2023 by NAB.
December 14,2022
The Pound to Australian Dollar exchange rate has established a foothold above 1.80 thus far in December but would risk falling back 1.79 in the days ahead if Thursday's Bank of England (BoE) decision rocks the boat for Sterling or if the Aussie continues to outperform over the remainder of the week.
December 13,2022
Australian interest rates are unlikely to rise as high as they will in other developed nations, implying a 'carry disadvantage' that leaves analysts at NatWest Markets bearish on the Australian Dollar for 2023.
December 12,2022
The Pound to Australian Dollar exchange rate has reversed two thirds of a steep 2022 decline during its recovery from September's multi-year lows but a buoyant antipodean currency and technical resistance on the charts has stalled the rebound near 1.82 amid mounting uncertainty about the outlook.
December 8,2022
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