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
The Pound-to-Australian Dollar downtrend will resume in the coming months, ensuring new lows are seen by year-end according to new Westpac forecasts, but the severity of recent losses means that even the Bank of England (BoE) might now struggle to push Sterling lower in the short-term.
June 19,2020
The British Pound has now fallen in nine of the past 11 weeks as an entrenched rally in the Australian Dollar forced the GBP/AUD exchange rate from highs at 2.05 in early April back down to a low of 1.8058 in early June.
June 17,2020
The Australian Dollar has fallen against the Pound, Euro and U.S. Dollar and is one of the worst performing major currencies amidst signs that the multi-week rally in the currency has potentially run its course.
June 17,2020
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