The Pound to Australian Dollar exchange rate has rebounded off its early May lows during recent weeks but has met tough resistance near the 1.78 level on the charts, which could continue to bar Sterling’s path higher in the days ahead and during what is an important week for Australian economic data.
May 17,2022
Credit Suisse says housing matters could have potentially significant implications for the value of the Australian Dollar going forward.
May 12,2022
The Australian and New Zealand Dollars led a major currency rebound early in the midweek session but remained underperformers for the month to early May and Commonwealth Bank of Australia has warned that recent losses could yet extend further and by up to five cents in both cases.
May 11,2022
The Pound to Australian Dollar exchange rate entered the new week on its front foot as Sterling staged a partial recovery from earlier losses and its antipodean counterpart came under pressure alongside the Renminbi amid mounting market concerns about the Chinese economic outlook.
May 9,2022
The Australian Dollar will struggle to push GBP/AUD below the floor at 1.72 if the expectations at a major European lender and financial services provider prove correct.
May 9,2022
The Australian Dollar is expected to extend lower by foreign exchange strategists at international investment bank Morgan Stanley.
May 5,2022
The Australian Dollar is likely to outperform Pound Sterling during the weeks and months ahead according to Commonwealth Bank of Australia (CBA) research, with elevated commodity prices and shifting central bank policies conspiring to drive GBP/AUD down to 1.66 this quarter.
May 4,2022
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