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Showing results for tags 'gbp aud'.
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New Zealand bounces out of lockdown - and their currency falls heavily; America announces it's highest unemployment rate - but the USD rises; The UK, especially, seems to be going through a particularly low point and Australia looks best-placed to emerge soonest and more positively than most - but the AUD lost ground to the USD. That Was The Week That Was.... https://www.moneycorp.com/en-au/news-hub/coronabrexit-woes/
Pound to Australian dollar levels have been rising following the outcome from the UK’s General Election, which saw the Conservative Party win a resounding majority under Boris Johnson. It is currently the best time to buy Australian dollars with pounds since before the Referendum June 2016. With the recent advance for sterling, it is currently the best time in 3 ½ years to purchase Australian dollars with pounds. How likely is this to continue? Well, the outcome from the election in the UK is still being digested and the market will now look to the next events with parliament set to vote on the Brexit Withdrawal Bill this week. It might be that much of the good news will have been priced into current levels for the pound, which could limit the upside for the passage of the Withdrawal Bill. Whilst the move might end up being largely symbolic, it might ultimately end up being supportive for sterling, in removing the uncertainty regarding the outlook on Brexit.