The Pound-to-Australian Dollar rate faces a long and steady downtrend according to new forecasts from Aussie lender St George Bank, which sees the antipodean unit riding a global economic recovery back toward its post-float average in the coming years, although Sterling is tipped for a short-lived plateau this summer.

July 2,2020

Australian trade balance

Australia continues to earn more from international trade than it spends, confirming that a significant fundamental anchor for the currency exists that could result in further strength over coming weeks and months.

July 2,2020

ore freight carrier

The Australian Dollar will likely remain supported as long as a recovery in the trade of basic commodities continues, which is likely given ongoing signs of voracious demand from China.

July 1,2020

The Australian Dollar was tumbling Tuesday after Victoria State reimposed a 'lockdown' to contain a second outbreak of coronavirus that risks seeing the antipodean go from hero to zero in the currency market.

June 30,2020

Melbourne

The Pound-to-Australian Dollar exchange rate is likely to extend a well-defined and entrenched decline over coming days and weeks, however the Aussie Dollar's ongoing bout of appreciation against Sterling and other currencies could stumble if an outbreak of covid-19 infections in Victoria is not contained.

June 29,2020

The Pound-to-Australian Dollar rate was eyeing the week's lows on Friday as Sterling underperformed major rivals, but forecasts from Commonwealth Bank of Australia warn of even further losses ahead of year-end. 

June 28,2020

The Australian Dollar was steadying Thursday after being shaken by further evidence that a second wave of coronavirus infections is sweeping  across the U.S., but stability may not last for long because the antipodean currency is being tipped by some analysts for a correction in July. 

June 25,2020

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