Foreign exchange trading strategists at big-name investment banks are targeting a rise in value in the British Pound against the Australian Dollar, citing a divergence in pandemic fortunes between the two countries over coming weeks.
July 27,2021
The British Pound has reached a new 14-month high against the Australian Dollar and there is potential for further gains amidst concerns the Australian economy will suffer a slowdown in the third quarter owing to ongoing lockdowns.
July 26,2021
Media reports out this week suggest the Reserve Bank of Australia is likely to maintain generous monetary policy conditions in light of the current lockdowns, a view numerous economists now agree with.
July 28,2021
The Pound-to-Australian Dollar rate was edging higher at the mid-week milestone, aided by an ongoing antipodean underperformance that has got the Aussie closing in on the bottom spot among major currencies for 2021 and which could see GBP/AUD rising to 1.94 in the coming months, according to Commonwealth Bank of Australia.
July 21,2021
The direction of travel for the Australian Dollar remains negative for now say analysts at Morgan Stanley who are concerned with the "asymmetric" risks posed to the economy posed by the Covid-19 Delta variant.
July 20,2021
The Pound-to-Australian Dollar rate has hit new one-year highs but could rise as far as 1.89 over the coming days as the coronavirus closes Australia’s economy anew and threatens to scupper the Reserve Bank of Australia’s (RBA) planned winding down of its quantitative easing programme.
July 19,2021
The Australian Dollar is being tipped to struggle by strategists in the wake of news that the state of Victoria will join Sydney in lockdown.
July 15,2021
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