AUDGBP AUD/GBP
- 0.5223
- +0.0014+0.28%
AUD/GBP News
If the Reserve Bank of Australia raises interest rates in June, the Australian dollar is expected to rise to 0.69!
Market analyst Gary Howes wrote that if the Reserve Bank of Australia announces an interest rate hike at its next meeting on June 18, or strongly suggests a rate hike in the third quarter, this may push the Australian dollar to 0.69 against the US dollar, which is a high in June 2023.
Bank of England downsizing “pulls” cash demand from liquid banks to record high for six consecutive weeks
The Bank of England has borrowed Bank of England cash for the sixth week in a row.
How Could the UK Election Influence BoE Policy?
Polls show the Labour party is likely to win the July 4 UK general election.
Australian Private Capital New Spending Rises 1% in March Quarter
Australian private capital new spending rose 1% in the March quarter, 5.5% higher than a year ago, according to data released Thursday by the Australian Bureau of Statistics.
RBA's Hunter: Agree With the Treasury Forecast on Inflation
Reserve Bank of Australia (RBA) Chief Economist Sarah Hunter said early Thursday that “we agree with the Treasury forecast on inflation.”
Australian Dollar Rebounds as 10-year Government Bond Yield Reaches Four Week Highs
The Australian Dollar (AUD) rebounded on Thursday, possibly driven by the Australian 10-year Government Bond Yield increase to a four-week high of 4.52%.
Key Data That Will Determine Whether RBA Hikes, Holds or Cuts Interest Rates
It’s been a big few days for updated news on the Australian economy.
Australia's Inflation Is Ticking up Despite Weak Retail Sales
The Nasdaq100 and S&P500 indices are showing measured gains, while volatility has declined to levels last seen in January 2020. Many traders are looking at this volatility compression as the calm before the storm, something we saw just over four years ago.
Australian Dollar Can Outperform on Crosses in Months Ahead Says ING
The Australian dollar is likely to outperform other major currencies like the euro and pound owing in part to the lingering risk of a further increase in interest rates from the Reserve Bank of Australia, according to strategists at ING.
Australian Inflation Edges Up in April, Challenging Central Bank
Edging higher, Australia's consumer price index (CPI) rose 3.6% on year April, after a 3.5% on-year gain in March, and a 3.4% rise in February, reported the Australian Bureau of Statistics (ABS) on Wednesday.
Pound Sterling Rally Stalls as Focus Shifts to US Core PCE Inflation Data
The Pound Sterling (GBP) corrects to 1.2750 against the US Dollar (USD) in Wednesday’s London session after posting a fresh 10-week high at 1.2800 on Tuesday. The rally in the GBP/USD pair stalls as the United Kingdom (UK) inflation outlook softens and the US Dollar (USD) comes out of the woods.
UK store inflation “rapidly normalized”, but not enough to persuade Bank of England to cut interest rates
Economists from the British Retail Association believe that the inflation rate of goods and food sold in British stores has fallen back to normal levels, but this is not enough to persuade the Bank of England to cut interest rates next month. Brown Brothers strategist Harriman said that the Bank of England is more concerned about high inflation in the service sector.
Australia Inflation Calls for Re-Think on Cash Rate Profile -- Market Talk
Australia's inflation report isn't what the RBA wanted to see, with the data looking bad from most angles, says ING's Robert Carnell.
RBA Has Bigger Worries Than Stubborn Inflation -- Market Talk
There is little doubt that the Reserve Bank of Australia would have received news of an uptick in monthly inflation through April with a degree of dismay.
Australia's inflation unexpectedly heats up in April, and the Reserve Bank of Australia's “higher for longer” argument is once again supported
Australia's inflation in April was faster than expected, which indicates that price pressure is still strong and provides support for the Reserve Bank of Australia to keep interest rates at a 12-year high next month.
Australian Inflation Outlook Murky as Price Pressures Dig In -- Market Talk
Australia's inflation outlook is getting murkier, says Moody's Analytics economist Harry Murphy Cruise.
ASX200 Sells off as CPI Inflation Hotter Than Expected at 3.6%. Are We Over-reacting?
Australia’s CPI inflation indicator increased in April by 3.6% on a YoY basis, causing an instant sell off on the ASX200.
Australia's Elevated Inflation Suggests RBA to Extend Rate Pause
Australia’s inflation came in faster than expected in April, suggesting price pressures remain stubbornly strong and bolstering the case for the Reserve Bank to keep interest rates at a 12-year high next month.
Australia's Monthly CPI Inflation Rises to 3.6% YoY in April Vs. 3.4% Expected
Australia’s monthly Consumer Price Index (CPI) increased at an annual pace of 3.6% in the year to April, having risen 3.5% in March, data published by the Australian Bureau of Statistics (ABS) showed Wednesday.
Major Headwinds for Australian Economy Starting to Ease, Says Westpac
A key leading indicator of the Australian economy suggests a lot of the headwinds that slowed the commodity-rich country over recent years are beginning to ease.