Category: AUD

Pound to Australian Dollar Exchange Rate Forecast: Aussie Labour Data and UK GDP and Inflation
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Pound to Australian Dollar Exchange Rate Forecast: Aussie Labour Data and UK GDP and Inflation

The Pound fell against the Australian Dollar (GBP/AUD exchange rate) at the start of Thursday’s European trading as investors assessed Brexit and took Australian employment data into account. Overnight, Australia released mixed labour market data; the Participation Rate edged up from 65.5% to 65.6%, causing the Unemployment Rate to creep higher to 5.6% from 5.5%.  Meanwhile,...

Pound Exchange Rate Forecast: GBP/EUR, GBP/CAD, GBP/AUD Climbing
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Pound Exchange Rate Forecast: GBP/EUR, GBP/CAD, GBP/AUD Climbing

The Pound had a poor start to Tuesday, but began to perk up slightly and limit losses as the session went on. At the time of writing, the Pound to Euro (GBP/EUR), Pound to Canadian Dollar (GBP/CAD) and Pound to Australian Dollar (GBP/AUD) exchange rates are all trending higher. Pound Offered Little Support as UK...

Exchange Rate Forecast: GBP/EUR, GBP/USD, GBP/TRY, GBP/AUD; UK Growth Drops
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Exchange Rate Forecast: GBP/EUR, GBP/USD, GBP/TRY, GBP/AUD; UK Growth Drops

The Pound dropped against the Euro (GBP/EUR), US Dollar (GBP/USD), Australian Dollar (GBP/AUD) and Turkish Lira (GBP/TRY) on Friday after UK Gross Domestic Product (GDP) data yielded the weakest reading since 2012. Disappointingly, the UK GDP growth number came in at +0.1% in the first quarter, despite economists forecasting 0.3%. The figure relieves some of...

Pound to Euro/US Dollar/Australian Dollar Exchange Rates in Tight Range; US Confidence Rises
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Pound to Euro/US Dollar/Australian Dollar Exchange Rates in Tight Range; US Confidence Rises

The Pound has been trending in a tight range against the Euro (GBP/EUR), US Dollar (GBP/USD) and Australian Dollar (GBP/AUD) on Tuesday after tumbling lower in recent sessions from the highest levels seen since the Brexit referendum. Sterling dropped at the end of last week when Bank of England (BoE) Governor Mark Carney quashed hopes...

GBP/NZD Climbs ahead of New Zealand Inflation, GBP/AUD in Tight Range Before Labour Data
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GBP/NZD Climbs ahead of New Zealand Inflation, GBP/AUD in Tight Range Before Labour Data

The Pound advanced against the New Zealand Dollar (GBP/NZD) on Tuesday while remained in a tight range against the Kiwi’s close counterpart, the Australian Dollar (GBP/AUD). Sterling’s strength has been continuing on the back of hopes of UK interest rate rises and data appearing in markets today showing the UK Unemployment rate his hit a...

Pound Exchange Rate Higher (GBP/EUR, GBP/AUD, GBP/NZD) as UK Inflation Falls – GBP/USD Softens
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Pound Exchange Rate Higher (GBP/EUR, GBP/AUD, GBP/NZD) as UK Inflation Falls – GBP/USD Softens

The Pound exchange rate continued to climb higher in Tuesday’s European session, making gains against the Euro (GBP/EUR), US Dollar (GBP/USD), Australian Dollar (GBP/AUD) and New Zealand Dollar (GBP/NZD). Brexit transition deal progress buoyed sterling, and latest ecostats showed a drop in the UK’s inflation level, meaning households are better off.  Update: As Tuesday’s session...

Pound Sinks, GBP/EUR, GBP/AUD, GBP/NZD, GBP/JPY Exchange Rates Drop after UK Data
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Pound Sinks, GBP/EUR, GBP/AUD, GBP/NZD, GBP/JPY Exchange Rates Drop after UK Data

The Pound Sterling exchange rate has fallen on Wednesday after a mixed bag of economic data. The British currency sank below 1.13 against the Euro (GBP/EUR), and noted hefty losses against the Australian Dollar (GBP/AUD), New Zealand Dollar (GBP/NZD), and Japanese Yen (GBP/JPY). The UK Industrial Production figure grew by 0.4% in November, but the...

Pound Exchange Rate Climbs (GBP/EUR, GBP/CHF, GBP/AUD) Despite Disappointing UK Data
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Pound Exchange Rate Climbs (GBP/EUR, GBP/CHF, GBP/AUD) Despite Disappointing UK Data

The Pound managed to register gains against the Euro (GBP/EUR), Swiss Franc (GBP/CHF), and Australian Dollar (GBP/AUD) as a raft of disappointing economic data made its way onto the market. In Australia, investors weren’t inspired by Australia’s sizeable trade balance reading for November. Despite several months of trade surplusses, the November figure came in at...

GBP/AUD, GBP/USD Exchange Rates Fall as Pound Sinks on Weak Construction Numbers
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GBP/AUD, GBP/USD Exchange Rates Fall as Pound Sinks on Weak Construction Numbers

The Pound slid dramatically against both the US Dollar (GBP/USD) and Australian Dollar (GBP/AUD) in Wednesday’s European session. The Sterling exchange rate slipped following the release of weaker-than-forecast UK construction numbers which showed the sector hadn’t been as productive as analysts had hoped. The Markit UK Construction Purchasing Managers’ Index (PMI) came in at 52.2...