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The Pound to Australian Dollar exchange rate has further reversed its July decline during the opening days of August but could struggle to advance much beyond the nearby 1.76 level in the absence of an additional boost from the Bank of England (BoE) this Thursday.
November 3,2022
The RBA raised interest rates by 50 basis points to 1.85%, as expected, but the Australian Dollar fell back on signs future hikes would be less aggressive.
August 2,2022
GBP/AUD recovering from bottom of range, reaffirming downside support levels
August 1,2022
The Australian Dollar was softer against most G10 currencies after Australian inflation for the second quarter of 2022 grew 1.8% quarter-on-quarter,
July 27,2022
The Pound to Australian Dollar rate entered the new week near 2022 lows following a July long decline but could find a footing to trade within roughly a 1.7244 to 1.7498 range through the days ahead if a busy schedule of event risks pans out well for the the Aussie and Sterling.
July 26,2022
RBA Governor Lowe confirmed interest rates would likely double from current levels, potentially undermining the Australian Dollar.
July 20,2022
The Pound to Australian Dollar exchange rate came under pressure early in the new week after a buoyant Sterling was unable to offset a rally by antipodean currencies like the Aussie, which has pushed GBP/AUD below 1.75 and left it at risk of sliding back toward 2022 lows in days ahead.
July 19,2022
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