GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

Pound to Australian Dollar rate: RBA interest rate decision and Brexit to drive GBP/AUD...

Could Australian interest rates be cut further next week? The pound to Australian dollar exchange rate has been trading between 1.83-1.84 during the course of this week. The economic data from Australia has been rather negative recently and this means we could see an interest rate cut coming in the near future. Yesterday Reserve Bank of Australia Governor Philip Lowe suggested that the economy is at a 'gently turning point.' According to reports from Bloomberg the expectation of an interest rate cut next week is...
Pound to Australian Dollar exchange rate Is Sterling likely to fall further as the chances of a no deal Brexit increase?

Pound to Australian Dollar exchange rate: Is Sterling likely to fall further as the...

GBP/AUD exchange rate as no-deal Brexit probability increases Amongst the leading economists and financial institutions, the chances of a no-deal Brexit appear to be increasing, with many suggesting the chances of a no-deal sit between 40% to 50%. One of the more pessimistic banks out there is Japan based MUFG which signals a 60% chance of a no-deal Brexit along with further falls for sterling exchange rates owing to the uncertainty and negative impact this could have on the UK economy.The pound to Australian dollar...
GBP to AUD Exchange Rates: Dollar Weakness from Covid-19

Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

The pound to Australian dollar exchange rate has fallen lower with rates having briefly dropped below 1.79 this morning for the GBP to AUD pair. Sterling lower as no deal Brexit becomes credible possibility Brexit continues to drive the price of sterling lower as a no deal Brexit outcome has become a credible possibility. Conservative favourite for Prime Minister, Boris Johnson is expected to push forward the prospect of a no deal to ensure that Britain does in fact leave the European Union by the latest...
Pound Stronger vs Canadian Dollar this Morning

Pound to Canadian dollar predictions: What to expect this month

Pound to Canadian dollar exchange rates have been falling since this start of May and I expect this trend could continue throughout July. In the last 2 months pound to Canadian dollar mid market exchange rates have dropped over 11 cents making a CAD$250,000 purchase £9,650 more expensive. The pound has had a tough couple of months, due to the ongoing Brexit Saga. UK Prime Minster Theresa May announced her departure and the leadership contest is now whittled down to two, with Brexiteer...
Pound Sterling to US Dollar Exchange Rate Outlook: How Will GBPUSD Levels Fare in April?

Pound to Dollar forecast: Are we closing in on the end of the US...

In today's Pound to Dollar forecast I discuss reports over the past few days of an increased potential of a trade agreement, or at least a truce to be agreed by leaders Donald Trump and Xi Jinping. U.S Treasury secretary Steven Mnuchin spoke to CNBC earlier in the week and commented that he felt that a trade deal was 95% complete. However, we also need to be cautious that this final 5% may well be the large sticking points and enough to not see progress. For...
Pound to Australian Dollar Exchange Rate: AUD Falls Further against GBP, Are Further Falls Expected?

GBP to AUD rate rises despite falling UK inflation

UK inflation rate falls to Bank of England target Yesterday morning, the Office for National Statistics reported that Britain’s inflation rate has fallen. The Consumer Prices Index rose by 2.0% in the 12 months to May, down from 2.1% in April and back to the Bank of England’s (BoE) target. Speculation that the BoE will raise interest rates – a favourable outcome for the pound – ensued, but ongoing Brexit uncertainty is likely to scupper any such plans. Despite an easing in inflation on the year,...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

Pound to Australian Dollar forecast: Lacklustre employment rate hampers Australian Dollar

Disappointing data Down Under The pound (GBP) to Australian dollar (AUD) rate crept over $1.83 for the first time since late May on Wednesday, following a surprising slump in consumer confidence Down Under. The disappointing reading – down from 0.6% to -0.6% – came despite the Reserve Bank of Australia’s (RBA) attempts to lift the economic gloom by cutting interest rates earlier this month. Even a strong showing from the Chinese consumer price index couldn’t shore up the AUD, with existing worries over the strength...
Pound to Australian Dollar outlook Will GBPAUD levels rise or fall this week?

Pound to Australian Dollar forecast: UK job market remains upbeat despite Brexit concerns

UK wage growth faster than expected The pound (GBP) rebounded from Monday’s concerning economic growth reading thanks to faster than expected UK wage growth – data that keeps alive the prospect of an interest rate rise before the year is out. Tuesday’s employment report not only showed average earnings – excluding bonus – exceeded expectations; it revealed that more new jobs were created than forecast in the three months from February to April. These figures were closely followed by the UK ILO unemployment rate figures...
GBP to USD Rate Falls to 10-day Low

Pound to US Dollar forecast: How will Non-Farm Payroll data affect GBP/USD exchange rates?

Will Non-Farm Payroll data affect the pound to US dollar forecast? Today is a key date in the economic calendar with the latest US Non-Farm Payroll data released. Due on the first Friday of every month, the information relates to the changes in on-agricultural employment in the United States. It is highly regarded as a key barometer of the US labour market and will provide us with insight into the latest developments in the US economy. Expectations are for the data to show a drop...
GBP to AUD Exchange Rates: Dollar Weakness from Covid-19

Pound to Australian dollar forecast on day of European elections

The pound to Australian dollar exchange rate has fallen lower with rates falling to 1.8350 for the GBP to AUD pair. Sterling exchange rates are currently on a weaker footing ahead of today’s European elections. Voting has already started and will close at 10pm this evening and the outcome in Britain is likely to alter the political landscape in the UK when it comes to Brexit. Will Theresa May resign? How could this impact pound to Australian dollar rates? Prime Minister Theresa May is currently under...