GBPAUD GBP/AUD
- 1.91678
- +0.00211+0.11%
GBP/AUD News
UK Spending Growth Slowed in May on Rising Bills, Poor Weather
Shoppers in the UK pared back spending last month as higher household bills and poor weather drove them away from high streets.
In May, the United Kingdom's manufacturing PMI returned to the expansion range, and factory prices reached their largest increase in a year.
According to a survey released on Monday, the United Kingdom's manufacturing industry resumed growth last month after a long period of slowdown, but rising prices by businesses may make the Bank of England cautious about cutting interest rates.
Sterling May Fall If BOE Eases Rates More Than Forecast -- Market Talk
Sterling could weaken in 2025 if the Bank of England cuts interest rates more than the market currently forecasts, Unicredit Research says.
Australia's 1Q GDP Print Expected to Show Weak Growth
Australia's Q1 GDP print, due out later this week, is expected to show weak growth of 1.2% on year and 0.2% on quarter, says Paul Bloxham, chief economist for Australia, NZ & global commodities at HSBC.
Will the Reserve Bank of Australia continue to raise interest rates? The money market is betting that it may “act” again in August
The Bank of Australia is seen as the only major central bank that risks raising interest rates.
Australia Raises Minimum Wage 3.75%, Aiding RBA Inflation Fight
Australia’s industrial relations umpire raised the national minimum wage by 3.75%, aiding the Reserve Bank’s efforts to return inflation to the 2-3% target by next year.
RBA's Hauser Says Inflation 'Predominant Challenge,' AFR Reports
Australian central bank Deputy Governor Andrew Hauser said the “first and predominant challenge” for policymakers is to bring down inflation, according to an interview with the Australian Financial Review.
Australia's Minimum Wage Increase Largely in Line With CPI
Australia's minimum wage will be raised by 3.75% from July 1, with the Fair Work Commission saying the decision is consistent with getting inflation back to target by the end of next year.
RBA Seen as the Only Other Major Central Bank at Risk of Hiking
Australia’s central bank may have no choice but to resume raising interest rates this year if inflation fails to slow, according to money markets, setting it up as a potential outlier to a post-pandemic global tightening cycle that has all-but ended.
UK Survey of Executives Finds Confidence at Highest Since 2021
UK businesses entered the general election campaign at their most optimistic in over 2 1/2 years after the economy quickly bounced back from recession, according to the Institute of Directors.
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.