Pound Sterling remains poised to trend higher against the Australian Dollar, according to an observation of the technical conditions in the market.
August 10,2020
The Pound is looking on target to register a ~1.0% loss against the Australian Dollar for the current week, amidst a broad-based recovery in the Australian Dollar that looks to be centred on the performance in the commodity market where gold and iron ore hit fresh highs over recent days.
August 7,2020
The Australian Dollar has been kept from a correction in recent weeks by repeated new highs for gold prices that were still climbing on Thursday although currency market price action indicates that appetite for the greenback is key to the outlook for antipodean exchange rates.
August 6,2020
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
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