AUDGBP AUD/GBP
- 0.5202
- -0.0002-0.04%
AUD/GBP News
Australian Flash PMI Data Points to Resilience in Economy, Stubborn Inflation
Australia's economy continues to register a clear and detectable pulse, with purchasing managers' index data for May remaining firmly in expansionary territory.
Hopes of interest rate cuts in June dashed? The decline in the UK's CPI in April fell short of expectations, and inflation in the service sector remains stubborn
Traders cut bets on interest rate cuts in June
Interest rate cut bets fell due to rising inflation in the UK in April, GBP/USD strengthened, and EUR/GBP fell
After the CPI heated up, the British CPI unexpectedly lifted the interest rate cut bet. The pound strengthened, and the pound rose against the US dollar. EUR/GBP continued its decline after breaking through the support level, and it is worth watching until the ECB's June meeting.
Pound Sterling Rises Broadly After UK Inflation Falls Less Than Expected in April
GBP/USD was quoted 0.22% higher at 1.2738, making sterling the second-best performing currency in the G10 and G20 baskets behind only the New Zealand dollar, after inflation fell by less than was expected for the month of April.
Bank of England Won't Rule Out a June Cut Despite April's Sticky Inflation, ING Says -- Market Talk
A higher-than-expected April print for U.K. inflation doesn't rule out a cut to interest rates when the Bank of England meets in June, though it does widen the odds, ING economist James Smith writes in a note.
Pound Rallies, Traders Pare Bets on Rate Cuts After UK Inflation
The pound rose to its strongest in two months and traders priced in fewer and slower interest rate cuts after data showed inflation slowed less than expected in April.
Pound Sterling Strengthens as Hotter-than-expected UK Inflation Pares Back BoE Rate Cut Bets
The Pound Sterling (GBP) rallies to 1.2750 in Wednesday’s European session as the United Kingdom (UK) Office for National Statistics (ONS) has reported a slower-than-expected decline in the Consumer Price Index (CPI) data for April. UK inflationary pressures remained hotter than estimates but have softened significantly from March figures, suggesting that higher interest rates by the Bank of England (BoE) are maintaining downward pressure on inflation.
Sticky Service Prices Put BoE Rate Cuts on Ice
UK price growth fell last month, with the annual headline rate falling to 2.3% from 3.2%.
Bank of England Rate Cuts Look Less Likely in Coming Months -- Market Talk
Cuts to U.K. interest rates may be fading into the distance as inflation eases less rapidly than expected, says Paul Dales, chief U.K. economist at Capital Economics. Prices last month rose by 2.3% on year, falling from March's inflation rate but still higher than forecast by economists.
U.K. Inflation Closes In on Bank of England Target as Rate Cuts Near -- Update
The U.K.'s inflation rate neared the Bank of England's 2% target in April, opening the way for a rate cut in the coming months, although prices of services continued to rise at a pace that will concern policymakers.
UK Inflation Cools Less Than Expected With Sticky Services Costs
UK inflation cooled less than expected last month due in part to lingering price pressures at restaurants and pubs, threatening to delay interest rate cuts from the Bank of England.
The UK's CPI will hit in April, or an unexpected rise will suppress the probability of interest rate cuts!
Economist Andrew Sentance, a former member of the Bank of England's Monetary Policy Committee (MPC), said that inflation will rise 2.7% year on year in April, far higher than market expectations and fall to 2.1% from 3.1% in March. The Bank of England, Finance City economists, and the “market” are too optimistic about a sharp drop in UK inflation.
UK CPI Growth Set to Fall Back Near BoE Target in April Due to Lower Energy Prices
The United Kingdom’s (UK) Office for National Statistics (ONS) will release the high-impact Consumer Price Index (CPI) data on Wednesday at 06:00 GMT.
Bank of England: The market should prepare for a significant increase in repurchase operations
Bank of England Governor Bailey said that as the central bank reduces the size of reserves to far below the current level, the market should prepare for a sharp increase in securities repurchase operations.
BoE's Bailey: I Expect Quite a Drop in Inflation
Bank of England (BoE) Governor Andrew Bailey commented on his inflation outlook fore the UK economy while outlining how the BoE plans to wind down its government bond holdings to a more manageable level by the second half of 2025.
UK: Due in Large Part to the Base Effect, CPI Is Forecast Down to 2.1% From 3.2%
Another handful of Fed speakers. As we saw yesterday, the latest stance is “not yet.”
IMF warns that the UK Treasury will need £30 billion to stabilize debt
The International Monetary Fund (IMF) has warned that the UK Treasury will also need £30 billion (US$38.2 billion) in savings to fill the budget gap to ease its debt burden, which will weaken British Prime Minister Sunak's ambition to cut taxes before the next general election.
Pound Could Fall Ahead of Inflation Data But Recovery Possible -- Market Talk
The pound could soften slightly ahead of U.K. inflation data on Wednesday as key services consumer prices are expected to ease, but the currency may recover afterwards as the reading risks coming in above forecasts, Monex Europe says.
Australian Consumer Pessimism Deepens in May
Consumer sentiment in Australia remains "deeply pessimistic" in May, undercut by inflation, housing costs and a softening job market, reported the Melbourne Institute, citing its monthly survey.
Australian Dollar Underperforms After RBA Minutes Confirm Rate Rises Unlikely
The Australian dollar fell against the US dollar and other major currencies during early European trade on Tuesday after minutes of the May Reserve Bank of Australia meeting made clear that a further increase in the cash rate remains unlikely.