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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
The Pound to Australian Dollar exchange rate entered the holiday-shortened week close to its April highs but would risk slipping back beneath the 1.75 handle in the days ahead if the Federal Reserve (Fed) reinforces a nascent upturn in AUD/USD or if the Bank of England (BoE) weighs on Sterling.
May 3,2022
The RBA raised the key interest rate by 25 basis points and signalled a number of further hikes are expected, offering near-term support to the Australian Dollar.
May 3,2022
Any positive impact on AUD from RBA rate hikes may be offset by a challenging external environment.
April 28,2022
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