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
The Pound has settled into a sideways range against the Australian Dollar in the near-term and further stability could extend over coming hours and days as a multi-week period of decline pauses.
June 24,2020
With the second superannuation drawdown period approaching, the Australian Dollar could see "potential near-term support ahead," according to Michael Cahill, an analyst at Goldman Sachs.
June 23,2020
The Pound has started the new week on the backfoot against the Australian Dollar which appears to have found a renewed bid on a turn-around in global stock markets.
June 22,2020
The Australian Dollar was dealt an additional setback Thursday when official statistics revealed a further deterioration in the jobs market for the month of May, although the data has merely dented sentiment and is seen as unlikely to derail the antipodean currency's recovery.
June 18,2020
Page 129 of 277