Live: The Pound / Australian Dollar Exchange Rate Chart
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Latest Pound to Australian Dollar Exchange Rate News
- Pound sterling climbs to fresh highs versus Australian and New Zealand dollars; long-suffering AUD buyers will consider dipping their toes into FX waters
- FX: Australian dollar + New Zealand dollar take a hammering against the likes of the sterling, euro and US dollar
- The pound sterling is 0.33 pct up versus the Australian dollar; GBP/AUD is at 1.5433 at 10:23.
- Australian and New Zealand dollar in return to form sending the British pound sterling sharply lower in morning trade
- Pound sterling on front-foot against vulnerable Australian and New Zealand dollars
- Australian dollar enjoys strong bounce as analysts forecast the end of unrivalled strength
- Australian dollar strength no longer justified say Lloyds Bank forecasting increased weakness ahead
- Australian dollar + New Zealand dollar firm up but forecasters see further losses ahead, GBP/NZD reaches three month high
- Australian dollar: BMO Capital markets 'loath' to readjust their short term forecasts for AUD despite today's slump
- Australian dollar 0.8 pct in the red versus the pound sterling and US dollar as RBA interest rate comes earlier than forecast
- Pound sterling and euro make strong advances against significantly weaker Australian dollar
- Pound sterling vs Australian and New Zealand dollar: GBP heads above 1.5 vs AUD, Chinese manufacturing PMI to dictate direction of both AUD and NZD this week
- Pound sterling flirting with 1.5 against the Australian dollar once more but this level will prove to be a significant point of resistance for further gains
- Australian dollar + Japanese Yen: Currencies react to news of possible S&P downgrades
- Australian dollar + New Zealand dollar overvalued - But both currencies continue to trade in robust fashion today
Australian Dollar | Latest Australian Dollar Exchange Rate News and Live Chart
- Category: Australian Dollar
- Published on Saturday, 31 March 2012 10:40
- Written by Sam Coventry
The Australian dollar (Currency:AUD) has suffered over the course of the past two weeks, this in line with observations that the wind behind the Chinese economy is weakening.
According to Guillermo Felices at Barclays, notes that this mainly reflects downward forecast revisions due to the authorities' attempts to rebalance the economy from investment and net exports to consumption-led growth.
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"The authorities revised down their official growth forecast for 2012 by 0.5pp to 7.5%, and our base case is also for a soft landing: we forecast 8.1% in 2012 from 9.2% last year. There are downside risks to these forecasts, however. The main one is a rapid fall in property prices as the government tries to cool down the property market," says Felices.
According to Barclays, their analysis shows that the Australian dollar, Singapore Dollar (Currency:SGD) and Taiwan Dollar (Currency:TWD) appear most vulnerable to China; while Indian Rupee and Philippine Peso are the least exposed.
Barclays say these results suggest positioning for China risks by shorting the latter group versus the USD or versus the former for those looking for relative value opportunities in FX.
Looking at the latest exchange rate market action, Friday saw currency majors struggling within usual and narrow trading ranges in the last trading session of 1Q12, although the USD is slowly regaining ground.
With regards to the euro dollar exchange rate, fluctuations between 1.3250 and 1.34 should remain of reference for EUR-USD, with most of the activity expected to remain at around the 1.33 area.
In addition, the possible outcome of the EMU meeting in Copenhagen this weekend is unlikely to have a strong supporting effect.
The pound dollar rate is seen seesawing activity between 1.5850 and 1.6050 seems the name of the game now for cable. Therefore, EUR-GBP should continue to spin around the 0.8350 threshold without a clear direction.