GBP vs AUD: Australian Dollar drops after RBA comments signal a bearish outlook

GBP vs AUD: Australian Dollar drops after RBA comments signal a bearish outlook

GBP vs AUD forecast: The Australian Dollar dropped dramatically last night, after comments from the Reserve Bank of Australia (RBA) were more bearish than expected and this caught the markets off-guard. The RBA chose to keep interest rates on hold at 1.5%. This was expected by the markets, so when this announcement was made there was little movement. It was the comments made by RBA governor, Phillip Lowe that caused the market movement when he acknowledged that the chances of an interest rate cut...
GBP to CAD rates slide lower amidst Brexit uncertainty

GBP to CAD rates slide lower amidst Brexit uncertainty

GBP to CAD exchange rates have rallied higher this week with rates for the pound to Canadian dollar pair breaking briefly over 1.72. The GBP to CAD rates are largely being driven by developments over Brexit and the markets are speculating as to where the final destination of Brexit will lead. At the moment the EU are reluctant to change the withdrawal agreement that has been agreed between the EU and UK, having shown no signs to commit to doing so. creating some uncertainty...
Pound to CAD rates: Fears over a no-deal Brexit starting to resurface

Pound to CAD rates: Fears over a no deal Brexit starting to resurface

Pound to CAD rates have fallen this week, with the Pound losing approximately two and a half cents against the Loonie. The Pound was trading close to 1.75 and at one stage last week and looked as if it may finally make some inroads above 1.75. This has proved to be a key resistance barrier for Pound to CAD rates in recent weeks and continues to provide plenty of protection for those clients holding CAD. However, as so often has been the case during the...
Pound to dollar rate falls lower after stronger US inflation data

Pound to Dollar forecast: Should I buy US dollars now ?

In recent weeks Pound to Dollar rates, also known as cable exchange rates, have been on the rise. To put this into monetary value a £200,000 transfer into US dollars today compared to the middle of December, now generates $12,000 more. US Dollar weakness The US dollar has been on the decline due to the US Government shutdown. Donald Trump shutdown part of the Government in a bid to persuade Congress to back the wall that he wants built between the US and Mexico. The shutdown...
GBP to AUD forecast: Will buying Australian dollars become cheaper in the weeks ahead?

GBP to AUD forecast: Will buying Australian dollars become cheaper in the weeks ahead?

Since the start of December GBP to AUD exchange rates have increased from 1.73 to 1.83 (5.78%). To put this into a monetary value a £200,000 transfer into Australian dollars generates our clients an additional $20,000 Australian dollars. Good opportunity for buying Australian dollars Those buying Australian dollars are experiencing improved rates at the moment for a few reasons. Firstly, the Australian housing market is under pressure once again. Early next month the Royal Commission are going to release their final report in regards to lending...
Pound to Canadian dollar rates ahead of Parliamentary votes on Brexit

Pound to Canadian dollar rates ahead of Parliamentary votes on Brexit

Pound to Canadian dollar rates face a volatile few days ahead as developments over Brexit continue to drive the GBP to CAD pair. Today the Speaker in the House of Commons will choose from a series of amendments that have been put forward for Parliament to vote on. There are two amendments in particular that are likely to attract attention from the markets. The Yvette Cooper / Nicholas Boles amendment which seeks to delay Article 50 could take a no deal Brexit scenario off the...
GBP/AUD Forecast - Is the pound likely to make a move back towards 1.85?

GBP to AUD Rate Spikes to 1.85 on Brexit Backstop Developments

The pound to Australian dollar exchange rate has risen further after a solid of week of gains largely driven by Brexit developments. Last night saw a further spike for the GBP to AUD rate on reports that the Democratic Unionist Party would support Theresa May’s deal if there is a time limit on the backstop. This is a big development as the Government rely on these votes to support votes in the House of Commons. However there is no sign from the EU that there...
Canadian Dollar vs Pound Forecast as Canadian economy under pressure

Could fears of a global slowdown have a negative effect on the Canadian Dollar?

The global economy is in focus this week as the annual Davos world economic forum is taking place. The obvious key talking points will surround the US - China trade talks along with Brexit, which are two matters that could have a heavy impact on the GBP/CAD exchange rate. Brexit latest news Brexit related updates are coming through thick and fast as the time to arrange the process of the UK leaving the EU runs out. UK Prime Minister, Theresa May's deal was voted against by...
A breakthrough in the Brexit negotiations?

Australian housing market a concern for Australian dollar sellers

It's been a tough week for the Australian dollar exchange rates as credit rating Fitch suggested further falls are on the horizon for house prices in Australia. Fitch is seen as one of the three big credit rating agencies that give forward guidance and they are predicting that another 5% fall for the housing market within the next 12 months. It's key to note that since the housing market started to decline in recent years we have seen a 6.7% fall across Australia. The decline...
Will Sterling go back above 1.30 against the Dollar?

Will Sterling go back above 1.30 against the Dollar?

Sterling has made good gains against the dollar over the course of the trading week, and in fact breached the key 1.30 level last night if only for a few hours. Brexit appears to be the main market driver for the pound and any economic data that has been released lately has had very little impact on trading levels. The latest news from the past week is that Theresa May has managed to overcome their latest obstacle where she survived a vote of no-confidence vote by...