The Pound to Australian Dollar (GBP/AUD) exchange rate is poised for further movement this week, with key UK and Australian economic data in focus.
Key Drivers for GBP/AUD This Week
UK Economic Data in Focus
Tuesday: UK labour market figures (Unemployment Rate, Wage Growth)
Thursday: UK GDP growth data (Q2 Preliminary Estimate)
Any surprises in these releases could trigger Pound (GBP) volatility, particularly if figures fall short of forecasts.
Australian Dollar (AUD) Events to Watch
Tuesday: Westpac Consumer Confidence & NAB Business Confidence
Thursday: Australian Unemployment Rate
Deviations from expectations may weaken the Aussie Dollar, especially if labour market conditions soften.
Weekly Recap: GBP/AUD Rises on BoE Hawkish Hold
The Pound to Australian Dollar exchange rate climbed last week, with GBP/AUD trading near AU$2.0730 at Friday’s close.
Pound (GBP) Strengthens on BoE Decision & Trade Deals
Early Week Boost: Sterling gained on news of a UK-India trade deal, boosting investor confidence.
BoE Rate Decision: The Bank of England cut rates by 25bps, but a hawkish split (5-2 vote) limited dovish pressure, supporting GBP.
UK-US Trade Agreement: Confirmation of a new trade deal further lifted the Pound.
Australian Dollar (AUD) Mixed on Risk Sentiment
Early Strength: AUD rose as Australia’s Labour government secured greater parliamentary stability.
Midweek Volatility: The Fed’s hawkish pause initially dragged AUD down, but hopes of a US-China trade deal later boosted the risk-sensitive currency.
Chinese Trade Data: Better-than-expected figures (actual $96.18B vs. forecast $89B) provided limited support.
Outlook: Will GBP/AUD Extend Gains?
With the BoE signaling caution on further cuts and UK economic data in focus, the Pound could maintain strength. Meanwhile, the Aussie Dollar remains sensitive to global risk trends and domestic employment figures.
Traders should monitor:
✅ UK GDP & jobs data for GBP direction
✅ Australian employment numbers for AUD moves
✅ Global risk sentiment, especially US-China trade developments
Stay tuned for further GBP/AUD forecasts and market analysis as new data unfolds.
