Pound Sterling starts the new week softer against the Australian Dollar and technical studies suggest further short-term losses are likely, however we are wary of betting against GBP/AUD noting that seasonality tends to favour Sterling over its Australian counterpart in May.
May 4,2020
The Pound-Australian Dollar rate was in recovery mode Friday and is tipped by Westpac to climb further in weeks ahead following a punishing April month, with much of that decline now likely to be retraced, although the levels produced in this correction higher could be the best available to Aussie Dollar buyers for a while to come.
May 1,2020
The Australian Dollar continues to ride the global market recovery story, with investors looking through dire economic data and looking forward to a virus-free and unlocked global economy.
April 30,2020
The Australian Dollar's ongoing bout of appreciation against the likes of the Pound, Dollar and Euro comes amidst broadly improving market sentiment concerning the coronacrisis, but the rally now risks leaving the currency overvalued.
April 29,2020
The Pound-Australian Dollar rate was edging lower toward a key technical support level on the charts Tuesday and may attempt to stabilise over the coming days, although the fundamental headwinds are building for Sterling and October 2019 lows could now be beckoning.
April 28,2020
The Pound-to-Australian Dollar exchange rate is looking set to register its sixth consecutive daily decline on Monday, April 26 amidst an ongoing recovery in global market sentiment which comes as investors eye the end of coronavirus lockdown measures across the world.
April 27,2020
A risk-off end to the week looks set to trim some of this week's advances by the Australian Dollar, with analysts saying disappointing news about a promising covid-19 treatment is one factor behind the more sombre investment environment.
April 24,2020
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