GBP/AUD Forecast: Both Sterling and Australian Dollar remain fragile

Theresa May urged to consider alternative Brexit deal

May remains defiant Secretary of State for International Trade, Liam Fox and another senior Tory MP, Damian Hinds, both considered close allies of Theresa May, have called for a vote in the House of Commons on possible alternatives to the PM's current Brexit deal. The alternatives to be considered are wide ranging, from a Norway plus deal to a potential no deal. The PM is currently standing behind her own deal despite being stone walled by Brussels. Jean Claude Junker, European Commission President stated the following: "We don't...
GBP to AUD forecast: Australian Economy Continues to Show Improvement

GBP to AUD forecast: Australian Economy Continues to Show Improvement

The AUD has performed well against GBP of late, gaining approximately four cents during the past week. To put this in monetary terms, that is the equivalent of an additional £2,500 on a £200,000 AUD to GBP currency exchange. The reason for this fluctuation in GBP to AUD rates is likely to be linked more to a sell-off of GBP positions, than an influx into the AUD by investors. It seems investors are becoming increasingly concerned that UK MPs will vote down UK Prime Minister...
GBP to AUD Forecast: Will the Pound continue to improve against the Australian Dollar?

GBP to AUD forecast: December 11th is the day to look out for if...

GBP to AUD forecast: The next 7 days could have a major influence on the future of GBP/AUD exchange rates as Theresa May is doing everything in her power to convince Conservative MPs to back her Brexit deal. Over the last 6 weeks GBP/AUD exchange rates have been dropping like a stone. Currently the currency pair has fallen 13 cents and the likelihood is further falls are on the horizon up until December 11th. December 11th is arguably the most important day for the UK economy...
Pound to Australian Dollar: Biggest day in UK politics in 300 years

GBP/AUD Forecast: Pound Strengthens on Reports of Brexit Deal

The pound is making gains against the Australian dollar once again with GBP/AUD rates having pushed back over 1.80. The strength in the price of sterling is largely coming from renewed confidence in the ongoing Brexit negotiations. The Sunday Times this weekend have reported that a deal is very much underway and there is a growing chance that an emergency EU summit will now take place later in November. Brexit news: EU to change stance on Irish border? It has been reported that the EU's chief...
GBP to AUD rates: Will Sterling get back to 1.80 against the Australian Dollar?

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...

Is there justification for a Sterling rally?

Is there any reason for optimism regarding the Pound? The Pound remains fragile. Lack of clarity on Brexit and poor economic data is keeping the pound anchored to current buoyancy levels. We have recently had a fall in manufacturing data which proved to be the biggest drop since October 2012. GDP came in below expectations at 0.2% and average earnings has fallen to 2.5%. Some economists are still optimistic and are predicting a rate hike from the Bank of England (BOE) in the coming months. I...
Pound to Australian Dollar: How Will the Pound Fair Following Next Week's Brexit Vote?

Minimal data out today for the U.K – European growth and U.S employment figures...

We have minimal economic data out for the U.K today, the Pound has remained fairly flat in early morning trading. As the day progresses we do have other economic data releases from around the world that may impact the Pound against the Dollar, Euro and Canadian Dollar along with other major currencies. At 10:00am today we have the release of European growth figures, expectations are for the quarter on quarter figures for the first quarter of 2018 to remain at 0.4% with year on year growth...
GBP/EUR Alert - Will the pound fall dramatically next week?

Italian political issues appear to be the main driver for currencies so far this...

The week so far has seen quite a lot of volatility for Sterling exchange rates, however the reasons for the Pound moving against most major currencies are not down to political or economic data from the U.K but actually mainly driven by Italian politics, Donald Trump and North Korea. Italian politics has been one of the main focuses for the week for investors and speculators, as news broke earlier in the week that the two big winners from the election - Five Star and The...

Will the Pound to Australian Dollar rate now remain below 1.80, and which factors...

After opening above the 1.80 mark yesterday, the pair have since fallen below this benchmark and they're currently trading in the 1.79's. There doesn't appear to be as much resistance/support around this level in the current market, after 1.80 has acted as a resistance for some time. The fall for the Pound today appears to be down to the latest Brexit update, and I wouldn't be surprised to see this topic continue to influence exchange rates for the remainder of the year and potentially even...

Could the Pound fight back vs the Australian Dollar towards the end of the...

The Pound has made some small gains vs the Australian Dollar during today's trading session after UK wage growth increased at an annual rate of 2.9% during the first quarter of this year. The data outpaced inflation and the combination of falling unemployment has helped the Pound make some gains vs the Australian Dollar. With the growth in wages this may provide the Bank of England with some evidence to support an interest rate hike in the longer term. The news is clearly a good sign...