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The Pound-to-Australian Dollar rate has remained on its front foot this week even as other Sterling pairs have softened and could potentially breakout above its recent range ceiling to rise as far as 1.95 in the weeks and months ahead, if analysts are right to warn that the Aussie is on the verge of further steep declines.
August 18,2021
A combination of disappointing data out of China and renewed a renewed deterioration in Australia's Covid situation is expected to maintain pressure on the Australian Dollar over coming days.
August 16,2021
The Australian Dollar remained a laggard in the penultimate session of the week as broadening coronavirus-inspired business closures and curbs on social contact cast a tall shadow of the outlook for Reserve Bank of Australia policy that could keep GBP/AUD supported and AUD/NZD suppressed for a while yet.
August 12,2021
The Australian Dollar will remain capped for "some time yet", burdened by a slow vaccine rollout says an analyst at one of Australia's largest banks.
August 11,2021
"There’s no doubt that Australia and New Zealand will be the G10 countries most hurt if China's growth does slow." - Marshall Gittler, BD Swiss.
August 10,2021
The Pound-to-Australian Dollar rate was levitating near to one-year highs early in the new week but could struggle to sustain a move above the nearby 1.8938 level over the coming days without a further breakdown in the AUD/USD exchange rate or a strong upside surprise in Thursday’s UK GDP data.
August 9,2021
The Pound-to-Australian Dollar rate may be curbing into a short-term consolidation range following a six percent rally thus far in 2021 and now that AUD/USD is showing signs of stabilisation, although the bigger picture may now be one of a longer-term paradigm change in the making.
August 5,2021
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