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The Pound to Australian Dollar exchange rate may be in the early stages of partially reversing a steep multi-month slide in a process that could see it better supported above the 1.75 level and possibly even breaking back above the 1.78 handle in the days or weeks ahead.
June 21,2022
The development is inflationary and will therefore likely maintain pressure on the RBA to pursue higher interest rates, which is on balance consistent with a stronger Australian Dollar.
June 15,2022
The Pound to Australian Dollar rate entered the new week on its front foot but could be volatile in the days ahead, with both up and downside risks, if forthcoming Federal Reserve (Fed) and Bank of England (BoE) policy pull in opposing directions for GBP/AUD.
June 15,2022
The Australian Dollar was among the top performing major currencies in the final session of the week but it was also close to the bottom of the barrel for the period overall and may be at risk of further losses that could see AUD/USD slipping back below 0.70, according to strategists at Westpac.
June 10,2022
"We expect the Aussie dollar’s outperformance against most other G10 currencies to continue" - Capital Economics.
June 8,2022
The Australian Dollar outperformed many other major currencies after the RBA June interest rate decision was widely interpreted as signalling a hawkish turn in the RBA’s policy stance.
June 7,2022
The Pound to Australian Dollar exchange rate entered the new week close to some of its lowest levels since 2019 and would be at risk of slipping back to 1.72 in the week ahead if Tuesday’s Reserve Bank of Australia (RBA) policy decision provides the Antipodean currency with a further tailwind.
June 6,2022
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