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The Pound to Australian Dollar exchange rate has rallied sharply over the last fortnight and entered the new week on the front foot but could struggle to extend its recovery much beyond the current 1.76 level in the days ahead.
October 11,2022
Goldman Sachs cut AUD forecasts, raising GBP/AUD forecast profile. Credit Suisse says staying bearish AUD.
October 10,2022
AUD found support following another data release confirming Australia continues to run a trade surplus.
October 6,2022
The Australian Dollar was lower after the Reserve Bank of Australia (RBA) signalled the top in Aussie interest rates was nearing after it delivered a 25 basis point interest rate hike.
October 4,2022
GBP/AUD up 5.0% last week alone, consolidates ahead of RBA which is this week's biggest risk.
October 3,2022
The Pound to Australian Dollar rate has been highly volatile of late but there may now be a basis for thinking it's unlikely to fall any lower than 1.6327 from here and that its recovery from this week's all-time lows could potentially extend as far as, or perhaps even above 1.70 up ahead.
September 27,2022
The Pound to Australian Dollar exchange rate remained close to four-year lows during the midweek session but may be at risk of heavy losses in the days ahead, which could potentially see Sterling falling to some of its weakest levels since the months after the 2016 Brexit referendum.
September 21,2022
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