GBP/AUD — News Archive

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Pound Ends Week Weakest amid Brexit Fears, Domestic Data Fails to Boost Currency

The Great Britain pound ended the week as the weakest currency on the Forex market. While the sterling got some help from domestic macroeconomic data, Brexit fears continued to hurt the currency. The US dollar and the euro were also soft. Commodity currencies were clear winners during the past trading week.

Sterling Gets Boost from Brexit News, Strong Retail Sales

The Great Britain pound was one of the strongest currencies today, gaining on most of its major rivals, though failing to gain on the extremely strong Australian dollar and almost erasing gains versus the New Zealand dollar. The factors supporting the currency were a reduced chance of a no-deal Brexit and a surprisingly good retail sales report.

Australian Dollar Firm Despite China’s Trade Data

The Australian dollar was firm across the board today despite trade data from China, Australia’s biggest trading partner. While China’s trade surplus increased, the report was not necessarily good.

Aussie Soft During Friday’s Trading

The Australian dollar was soft against most of its major rivals today. The construction index, released over the trading session, logged an increase, but that hardly helped Australia’s currency.

Aussie Gains on Lowe’s Comments, Stabilizing Market Sentiment

The Australian dollar gained against its most-traded rivals today after the central bank’s chief questioned the efficiency of further monetary policy easing. The currency also got support from the stabilizing market sentiment.

Aussie Struggles to Keep Gains Caused by Good PMIs

The Australian dollar attempted to rally today following the release of good PMI prints. But while the Aussie managed to keep gains against some most-traded rivals, like the Japanese yen and the Great Britain pound, it reversed the rally versus others, like the US dollar and the euro.

Aussie Mixed After Poor Domestic Macroeconomic Data

The Australian dollar was mixed today, falling against some currencies, staying flat against others, but also managing to gain on the Swiss franc. Domestic macroeconomic reports released over the trading session were detrimental to the currency.

Pound Faces Sell-Off After European Elections

The Great Britain pound faced a sell-off again after the European elections over the weekend. The outcome of the voting showed a surge of support for the Brexit party, increasing chances of a “no-deal Brexit”.

Australian Dollar Shows Resilience Facing Adverse Fundamentals

The Australian dollar was surprisingly strong today despite adverse fundamentals, which were including poor macroeconomic data, the negative market sentiment, and the dovish monetary policy outlook.

Bulls Still Won’t Give Up on GBP/AUD

The ascending trend on the Great Britain pound versus the Australian dollar currency pair ended, but the bulls still guard their gains.

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