Live: The Pound / Australian Dollar Exchange Rate Chart
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Latest Pound to Australian Dollar Exchange Rate News
- Outlook for the Australian dollar dealt a blow as Goldman Sachs forecasts further declines; technical charts firmly against the AUD
- Australian Dollar Outlook deteriorates as China disappoints; AUD under pressure right across the board
- Australian dollar outlook continues to deteriorate as Aus consumers start to feel a little less bullish about the future
- Pound / Australian dollar FX rate at critical juncture: GBP hit by inflation data, AUD outlook hampered by 'dovish' RBA minutes
- Australian dollar outlook: RBA minutes marginally beneficial to AUD, forecasters at UniCredit say currency to remain week
- Australian dollar weakness forecasted yet lower by technical analyst; RBA decision will however be key event-risk on the horizon
- Australian dollar / New Zealand dollar in morning profit-taking strength; broader environment remains bearish, RBA minutes ahead
- Australian and New Zealand dollar outlook determined by Chinese data, RBA easing bias will be critical
- 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 | Latest Australian Dollar Exchange Rate News and Live Chart
Australian dollar is a good thing for Aussie consumers says RBA Governor, but there is room for more interest rate cuts says one analyst
- Category: Australian Dollar
- Published on Wednesday, 13 June 2012 10:24
- Written by Will Peters
"It is likely however that the RBNZ will revise down growth and inflation forecasts, implying that even more patience can be shown before the tightening cycle eventually begins" - UBS.
The Australian dollar (Currency:AUD) is broadly firmer across the global FX space today.
The pound Australian dollar currency pairing is 0.2 pct down on yesterday's close at 1.5607. The Australian dollar US dollar pair is 0.25 pct higher at 0.9985. (Latest FX forecasts are published on our IMT site - free access via this Facebook entry path).
RBA Governor Stevens repeated his long standing view that consumers benefit from a strong Australian dollar, adding that one should not wish for AUD to fall too quickly given that it helps to suppress import prices.
He conceded though that the real exchange rate is “pretty high here”. Australian consumer sentiment finally stabilised in June after the 25 bps RBA rate cut.
"Our economists still see room for another 25 bp of easing to come through in August," says Gareth Berry at UBS.
Elsewhere, New Zealand Finance Minister English noted that the RBNZ has room to move on rates if the GDP outlook darkens.
The UBS New Zealand economist however does not expect a cut at Thursday’s policy decision, and only 3 bp of easing is priced in.
"It is likely however that the RBNZ will revise down growth and inflation forecasts, implying that even more patience can be shown before the tightening cycle eventually begins," says Berry.
Over in Canada, Bank of Canada Governor Carney said that the escalation of the Eurozone crisis and the deterioration in financial markets prompted the bank to “change the tone a bit” in its June 5 policy statement.
"We note that, like the April 17 statement that preceded it, the bank stuck to its key guidance that, 'some modest withdrawal of the present considerable monetary policy stimulus may become appropriate,'" says Berry.
However, some qualification of this forward guidance was also introduced - making it conditional on a continuation of the current economic expansion and a continued absorption of excess supply.
Asked if the policy rate would be hiked before year-end, Carney said it would depend on the evolution of both global and domestic factors.