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You are here: Home / Australian Dollar / Trump victory sends Pound surging against AUD

Trump victory sends Pound surging against AUD

November 9, 2016 by Rob Lloyd

Trump victory sends Pound surging against AUD
  • Trump victory helps boost the Pound against commodity currencies
  • GBPAUD trading over 3-cents higher since this morning
  • UK-US trade deal post-Brexit highly likely

Australian dollar exchange ratesThe Pound begun quietly during the early hours of this morning, despite a Trump victory being announced at the early hours of the trading day. US stock markets were asleep of course, with much of the movements against the Pound resuming at around 2pm GMT.

A trump victory was a huge shock to the markets, and more noticeably the commodity markets, oil prices are down 0.24% which doesn’t bode well for the likes of the Canadian Dollar.

But what does a Trump victory mean for the commodity markets? Yes stocks have fallen but a weaker US Dollar will hurt prices, but something else could be playing on the RBA’s mind.

US interest rate hike may be put on hold

The RBA have been hoping for the FED to raise interest rates to weaken the Australian Dollar, an important move to keep the countries exports in good order. An interest rate hike would also strengthen the US Dollar and make commodity prices more expensive.

With a Trump victory much of this becomes uncertain, as the FED may now choose to “wait and see”, to determine whether Trump could have a negative impact on the US economy.

Those looking to buy the Australian Dollar could find themselves with fresh opportunities by the end of the week. Pay close attention to the rates.

Filed Under: Australian Dollar Tagged With: Donald Trump, GBPAUD, Pound strength, US interest rate

The information on this website is provided for information purposes only. It does not constitute advice to any person on any matter. Every reasonable effort is made to ensure that the information is accurate and complete but we assume no responsibility for and offer no warranty with regard to the same.

About Rob Lloyd

Robert brings with him a wealth of knowledge on what is impacting exchange rates, especially around the subject of the EU Referendum and the implications for Sterling and Euro exchange rates.

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