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, New Zealand dollar have been boosted to 'unsustainable' levels warn analysts at UBS
- Category: Australian Dollar
- Published on Wednesday, 20 June 2012 09:14
- Written by Will Peters
"Our US economics team are sceptical and do not expect any further money creation" - Gareth Berry, UBS.
- International Money Transfers at our sister site
Expectations of further monetary easing at the US Federal Reserve have been behind a major boost in the value of the Australian dollar (Currency:AUD) and New Zealand Dollar (Currency:NZD).
As such we see the pound vs Australian dollar exchange rate is now 0.06 pct lower at 15428, the Australian dollar vs US dollar is 0.12 pct higher at 1.0201.
Are the current levels experienced by the NZD and AUD justifiable? UBS do not believe so.
Commenting on the advances is Gareth Berry:
"Market expectations continue to build that Wednesday’s FOMC meeting may produce yet another round of balance sheet expansion, boosting risk currencies like AUD and NZD to unsustainable levels. Our US economics team are sceptical and do not expect any further money creation, although they do expect the policy language to change to indicate the Fed’s greater readiness to ease in future if required, especially given the increased risks to the outlook arising from the Eurozone crisis.
That said, the technical charts continue to back further advances in AUD-USD.
"The pair continues to rally; approaching resistance at 1.0219. Next resistance is at 1.0279. Support lies at 1.0104 ahead of 1.0055," say UBS.
Over at ANZ Bank, the expectations are also that the FOMC is not yet quite ready to act:
"The recent slowing in US activity has increased the likelihood of the FOMC easing policy further but the latest remarks from Bernanke suggests that the FOMC isn’t ready to ease policy just yet.
"As such, we expect that the FOMC will probably say that the downside risks to growth (from global tensions) have intensified and that the Committee stands ready to act as necessary. Moreover, we expect the FOMC will be on the ready to react to an extreme event occurring out of Europe. If the FOMC does ease policy further, however, it is likely to be an extension of ‘Operation Twist’ rather than additional outright securities purchases."