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As the year comes to a close, currency experts FC Exchange take a look back on the Australian dollar’s performance in the last quarter.

Q4 Review of the Australian Dollar (AUD) Exchange Rate

29 December 2017 In: Finance, Economy, General

China Links A few times this quarter the Australian dollar has fluctuated on data from the nation’s largest trading partner, China. For instance, China’s service activity slumped to a 21-month low in September at only 50.6. Any figure above 50.0 shows growth, a figure below denotes contraction. For contrast, August had resided at a healthier 52.7. On the flip side, China’s imports rose nicely in September to 19.5% on the year – a factor that…

GBP/EUR, EUR/AUD Exchange Rate Forecast

27 December 2017 In: Finance, Economy, General

Christmas is known to be a quieter time in the FX markets, but there’s still a few ecostats due for release this week which might impact the pound to euro (GBP/EUR) and sterling to Australian dollar (GBP/AUD) exchange rates. Spanish retail sales data will be out today, and the annual figure is expected to improve in November to 0.7%, following the previous month’s -0.1% contraction. Meanwhile, France will release its unemployment benefit claims data which…

GBP/EUR at 1.12, GBP/AUD at 1.73 after Confidence Data and Brexit Bank News

21 December 2017 In: Finance, Economy, General

The pound sank to 1.12 against the euro (GBP/EUR) on Thursday and 1.73 against the Australian dollar (GBP/AUD) as Brexit stepped into tricky waters and UK consumer confidence slipped. Analysts had predicted UK sentiment would hold steady in December at -12, but the latest index showed a decline to -13 instead – a four-year low. Head of Market Dynamics at GfK which measures the confidence index stated: ‘We need to see several issues move on…

Exchange Rate Forecast: GBP, EUR, USD, AUD, CAD, NZD

18 December 2017 In: Finance, Economy, General

GBP – May and Cabinet begin to outline what Brexit will really look like Last week – UK inflation edged a little higher last week, coming in at 3.1% on the year in November, rather than remaining at 3.0% as forecast. November’s number is almost the highest figure for six years. – The pound was able to gain support from UK wage growth data which came in at 2.5% on the year – a leap…

GBP Climbs on Soft Brexit and Retail Sales, but GBP/AUD Trends Lower

14 December 2017 In: Finance, Economy, General

The pound had a good start to the day on Thursday as it rose against the euro (GBP/EUR), US dollar (GBP/USD) and other major currencies, but still experienced some weakness against the Aussie (GBP/AUD) as trading went on. The British currency managed to climb as Theresa May experienced a political defeat regarding the final Brexit Bill. PM May had hoped that parliament wouldn’t be given the choice to vote on the final deal, believing that…

Sterling Climbs Following Wage Growth News, GBP/AUD, GBP/EUR Higher

13 December 2017 In: Finance, Economy, General

The pound climbed against other major currencies on Wednesday including the euro (GBP/EUR) after UK labour market data was released. Real wages jumped from 2.3% to 2.5% in the three months through October on the year. Excluding bonuses, average weekly earnings rose more modestly, from 2.2% to 2.3%. The increase was positive news to investors following inflation readings in Monday’s session which had shown consumer prices had leapt higher to 3.1% in November. Economist Ben…

Currency Review: GBP, AUD, EUR, USD, CAD, CNY Exchange Rates

11 December 2017 In: Finance, Economy, General

GBP – Brexit deal shows sign of unravelling – sterling cautious   Last week – Positivity surrounding Brexit negotiations started sterling off on the front foot last week, rising to a six-month high in trade-weighted index terms. – As the week opened, the pound to euro (GBP/EUR) exchange rate rose to a one-month high as Theresa May and Michel Barnier said talks were moving in the right direction. – Sterling rallied on Friday after Brexit…

Pound Sterling (GBP) Exchange Rate Jumps on Brexit Breakthrough

08 December 2017 In: Finance, Economy, General

The pound climbed against the euro (GBP/EUR) on Friday as the UK and EU made a breakthrough on Brexit. The GBP/EUR exchange rate managed to break the 1.15 level—a six-month high—as an agreement on the Irish border and other issues was reached, allowing talks to move onto trade. The pound to Australian dollar (GBP/AUD) exchange rate has reached highs of 1.7995. European Commission President Jean-Claude Juncker stated: ‘Both sides had to listen to each other,…

GBP/EUR Remains in Tight Range as Brexit Talks Disappoint

06 December 2017 In: Finance, Economy, General

The pound remained in a tight range against the euro (GBP/EUR) on Wednesday as Brexit and geopolitical tensions weighed on the market. During the morning’s session, the pound slipped against other currency majors after Secretary of State for the UK’s departure from the EU, David Davis, announced that the British government hadn’t undertaken any sector-specific analysis that would indicate the impact Brexit would have on the economy. It was hoped this week would see Theresa…

Exchange Rate Review: Brexit Talks, RBA and BOC Announcements, and Non-Farm Payrolls Ahead

04 December 2017 In: Finance, Economy, General

GBP – Brexit talks continue Last week -Sterling made gains at the start of the week as EU negotiator Michel Barnier commented that Brexit talks could be close to a breakthrough. -The pound experienced some softness on the Bank of England’s (BoE) press conference following the stress test results as Mark Carney warned about a no-deal Brexit. The stress test showed Britain’s banks are equipped to withstand major economic shocks. -GBP/USD reached a two-month high…

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