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The Pound to Australian Dollar exchange rate retreated further from recent highs above 1.80 in midweek trade and could be likely to wander within a 1.7660 to 1.8046 range over the coming days as a tug-of-war plays out between a buoyant U.S. Dollar and rallying Chinese Renminbi.
November 30,2022
The Australian and New Zealand Dollars remain enthralled by developments in China, where authorities are adapting their policy response to rising Covid cases and an increasingly uncompliant population.
November 29,2022
GBP/AUD has been edging higher for a number of weeks and could extend the advance if global sentiment linked to China deteriorates further.
November 28,2022
Newswires are reporting Beijing might be heading for a Covid lockdown, raising the prospect for near-term Australian Dollar weakness to extend.
November 24,2022
AUD is an obvious casualty of fresh market concerns centred over China's response to the Covid pandemic, and further losses are likely say institutional currency analysts we follow.
November 22,2022
The Pound to Australian Dollar exchange rate has benefited from a corrective setback in AUD/USD that could keep Sterling buoyant above 1.7750 this week as attention turns to monetary policy commentary from the Reserve Bank of Australia (RBA), Federal Reserve (Fed) and Bank of England (BoE).
November 21,2022
Wages rise faster than expected, offering near-term AUD support.
November 16,2022
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