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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
The Pound-to-Australian Dollar rate was edging higher on Tuesday as Sterling benefited from an optimistic mood in London while the antipodean unit continued its correction lower from 2020 highs, aided by acknowledgement of its recent strength from the Reserve Bank of Australia (RBA).
June 16,2020
The Pound-to-Australian Dollar exchange rate has rallied by three quarters of a percent at the start of a new week amidst another slump in stock markets and equity prices, however the trend for the pair remains lower according to the latest technical studies.
June 15,2020
The recent growth in Australia's oil and gas industry means that the Australian Dollar might also need to be classed not just as a commodity currency - as has traditionally been the case - but more specifically as an oil currency.
June 12,2020
The Australian Dollar was lower against most rivals Thursday and tipped for a period of consolidation after the June Federal Reserve (Fed) policy udate provoked a wave of profit-taking across markets that's offered a beleaguered Pound-to-Australian Dollar rate some momentary relief.
June 11,2020
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