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The British Pound rallied by over half a percent against the Australian Dollar in the wake of the release of the August Bank of England monetary policy statement that saw policy makers indicate they were in no rush to cut interest rates or boost quantitative easing.
August 6,2020
The Pound has seen its winning run against the Australian Dollar come to an end following Tuesday's 0.66% decline, however momentum in the GBP/AUD exchange rate remains positive and advocates for further advances by Sterling according to a study of the pair.
August 5,2020
Foreign exchange strategists at RBC Capital Markets - the Canada-based international financial services provider and investment bank - are this week calling time on the Pound's rally against the Australian Dollar.
August 4,2020
The Aussie Dollar was given a free pass by the Reserve Bank of Australia Tuesday when its ongoing recovery rally went unremarked upon in the August monetary policy update, with the bank instead taking a less pessimistic view on the economy.
August 4,2020
The Pound has risen for seven days in succession against the Australian Dollar, and the first full trading day of August sees a further advance underway which should underline the view that the recent rally was not merely just a month-end phenomenon.
August 3,2020
The Pound is on course to end the week 1.0% higher against the Australian Dollar, which would make for a second consecutive weekly advance in the pair; the last time we saw back-to-back weekly advances as prior to the financial meltdown of March when the Aussie was in free-fall.
July 31,2020
The Australian Dollar was swooning against the ropes Thursday as fundamental and technical headwinds conspired to undermine the AUD/USD rally while strategists at Societe Generale and Commerzbank advocated ditching the antipodean currency.
July 30,2020
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