Pound Sterling has now suffered give consecutive weeks of decline against the Australian Dollar and 7 of the past 9 weeks have resulted in losses, confirming momentum in GBP/AUD is resolutely negative and there is little to suggest a turnabout in fortunes.
June 8,2020
While the AUD is the best performing major currency of the past month, this stellar run is not expected to last according to analysis from investment bank Crédit Agricole, who say a turn lower is likely over coming months.
June 5,2020
The Pound-to-Australian Dollar rate was on course for a fifth weekly decline Thursday as an important round of Brexit trade negotiations neared its end, although it might take more than a British capitulation in talks with the EU to save Sterling from further losses against its Antipodean rival.
June 4,2020
A relentless advance by the Australian Dollar appears to have been paused on Thursday, yet we are under no illusion that the market remains overwhelmingly in favour of the Aussie recording further gains against the likes of the Euro, Dollar and British Pound over the near-term timeframe.
June 4,2020
The Pound-to-Australian Dollar exchange rate has fallen a further half-percent to trade at 1.8137 in mid-week trade, as a multi-week rally in the Australian Dollar shows no signs of fading.
June 4,2020
The British Pound looks destined to extend a multi-week decline in value against the Australian Dollar, with an entrenched downtrend in the GBP/AUD exchange rate potentially targeting a move to 1.76 in coming weeks according to recent analysis.
June 2,2020
The Australian Dollar is on the charge once more as markets step into a new week and month, with a continued strengthening of iron ore prices being cited as a key catalyst for the gains.
June 1,2020
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