General News • Are you thinking Australia? | thinkingaustralia |
Local:
Sydney: Mon 4:49AM
Select Destination
Location Time Temp
Sydney4:49AM Mon22°
Melbourne4:49AM Mon16°
Brisbane3:49AM Mon21°
Perth1:49AM Mon18°
Adelaide4:19AM Mon17°
Hobart4:49AM Mon16°
Canberra4:49AM Mon11°
Darwin3:19AM Mon29°

Sunday

16.12.2018

UK Cabinet Reshuffle, US Inflation, and ECB Meeting Minutes Ahead

09 January 2018 In: Finance, Economy, General

GBP Exchange Rate Forecast – BoE survey ahead Last week – The pound slid at the start of last week against currency majors like the US dollar (GBP/USD) and Australian dollar (GBP/AUD) after weaker-than-forecast UK construction data was released. The Markit construction purchasing managers’ index (PMI) came in at 52.2 in December, even though economists had expected 53.0. This is the sixth fall in a row for this piece of data. – Later in the…

GBP/EUR, GBP/AUD Exchange Rates Higher After UK and EU Data, Australian Trade Deficit Widens

05 January 2018 In: Finance, Economy, General

The pound spent Friday morning in a tight range against the euro (GBP/EUR) and slightly higher against the Aussie (GBP/AUD) as economic data hit the market. The British Retail Consortium’s (BRC) shop price index contracted further in December on the year, declining from -0.1% to -0.6%. Shop prices fell further into deflationary territory on account of sales and discounts retailers offered on non-food products, and came as the most extensive fall since March. Meanwhile, food…

AUD/USD at Multi-Month Highs, GBP/USD Above 1.35, USD Softens Broadly

04 January 2018 In: Finance, Economy, General

Pound breaches 1.35 against US dollar (GBP/USD) Last week – In the last week, the pound has crept above the 1.35 level against the US dollar as a softer buck continued to trend in the market. This comes just over a week after US President Donald Trump signed his monumental tax bill that had been a hot topic throughout 2017. – The pound noted some gains over the festive period, marking multi-day highs against some…

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…

We use cookies on Thinking Australia

This website uses cookies to ensure you get the best experience on our website. Please confirm permission to use cookies. Cookie Policy Privacy policy