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The Pound-to-Australian Dollar rate downtrend has waned this week but remains intact while the underperforming British currency is unlikely to be spared from further losses by Chinese aggression toward Australia and a rise in USD/CNH due to the now-broken relationship between these currencies.
May 29,2020
The Australian Dollar suffered a decline over the course of the past 24 hours amidst a softening of broader investor sentiment and growing signs China is looking to tighten the screws on Australia over demands that the origins of the covid-19 outbreak are fully investigated.
May 28,2020
The Australian Dollar turned sharply lower against the Pound, Euro and U.S. Dollar as well as the majority of its G10 peers amidst signs China was looking to ramp up economic pressure on Australia.
May 27,2020
The British Pound's downtrend against the Australian Dollar looks set to remain in place for the foreseeable future says a noted foreign exchange analyst we follow.
May 27,2020
The Pound's recent recovery against the Australian Dollar could run further, according to technical studies of the GBP/AUD exchange rate with confirm potential for a rebound to take shape.
May 26,2020
The Australian Dollar reversed some of its recent gains against the Pound, Euro and U.S. Dollar ahead of the weekend in response to a broad deterioration in market sentiment, as investors considered rising geopolitical tensions between the U.S. and China.
May 22,2020
Foreign exchange strategists at Rabobank - the multi-national retail, commercial and investment bank - have said there is a chance the Australian Dollar's recent run of appreciation runs into trouble, leading to a decline over the course of the coming 1 to 3 months.
May 21,2020
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