Pound to Australian dollar forecast on day of European elections

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...
Pound to US Dollar rate drops as cross-party talks fail to reach a Brexit agreement

Pound to US Dollar rate drops as cross-party talks fail to reach a Brexit...

The Pound is trading around 3 month lows at the moment against the US Dollar as well as other currencies such as the Euro. Failure of Brexit talks hits the pound to us dollar rate The positive sentiment surrounding the Pound earlier this month has waned and the gains have been reversed with the Pound falling by almost 3% since the highs. The gains were based on the hopes of cross-party talks being productive as UK Prime Minister May and Labour leader Jeremy Corbyn were in...
Pound to Australian Dollar forecast ahead of important European elections - GBP vs AUD

Pound to Australian Dollar forecast ahead of important European elections

Pound to Australian dollar forecast The pound to Australian dollar exchange rate has come under added pressure following new Brexit developments, which are once again starting to impact on sterling exchange rates. Rates for GBP vs AUD had rallied higher since last Friday when US President Donald Trump delivered on his promise to impose additional tariffs on Chinese good coming into the US. The uncertainty has continued after China then imposed 60 billion worth of tariffs on US exports escalating the trade war further. Overnight...
Australia cuts interest rates but Pound to Australian Dollar rates fall

Pound to Australian dollar exchange rate forecast: Where next for GBP/AUD rates on Brexit?

The pound to Australian dollar exchange rate has been testing some of the best levels since before the EU vote June 2016. Brexit is however far from settled and we could easily see some big changes in the currency markets soon. Positivity from Brexit could easily see the GBP/AUD rate top the 1.90 level, whilst the threat of no-deal Brexit could sink us back below 1.80. This week has seen the pound to Australian dollar exchange rate drop back slightly from the higher 1.80's and...
Could a Reserve Bank of Australia interest rate cut offer GBP/AUD some support

GBP to AUD forecast: Brexit date and PM May’s deal likely to be the...

We're now just 4 days away from what's still the official Brexit date, although the significance of the 29th of March is likely to wane throughout the week as we should get a clearer picture of the UK's next steps. Last week during an EU summit in Brussels all 27 member states granted the UK an unconditional extension to Article 50, running up to the 12th of April. There will be another vote on Theresa May's Brexit deal before then according to reports, with some...
Pound to Canadian dollar drops to a 3-month low as cross-party Brexit talks break down

Pound to Canadian Dollar rates near 1-year highs

It has become much better for those buying Canadian dollar over the last couple of weeks as lower prospects of a no-deal Brexit have encouraged investors to seek the pound as a longer term investment, with Pound to Canadian Dollar rates near 1-year highs. There is also increased prospects of some kind of Brexit deal being struck, one way or another. The Canadian dollar has also been slightly weaker as there is less chance of the Bank of Canada seeking to raise interest rates. This...
Will the Brexit extension be confirmed this week, and how could this impact GBP/AUD?

Will the Brexit extension be confirmed this week, and how could this impact GBP/AUD?

The third meaningful vote on UK Prime Minister, Theresa May's Brexit deal now looks less likely to take place after rumours had suggested that it will take place before tomorrow. May's EU Withdrawal Agreement has already been rejected by MPs twice, and yesterday the House of Commons speaker, John Bercow announced that for the vote to take place once again there needs to be significant changes to the deal in order for him to allow another vote. How could an extension to Article 50 affect...
GBP to AUD Rates Hit 2 1/2 Year High

GBP to AUD Rates Hit 2 1/2 Year High

The pound to Australian dollar exchange rate continues to move higher having now broken 1.88 for the GBP to AUD pair as Brexit developments heavily impact the exchange rate. Rates for GBP to AUD are now sitting at a 2 ½ year high creating a good opportunity for those looking to buy Australian dollars. Last night the UK Government was defeated in a vote that takes a no deal Brexit off the table. Will Parliament vote to extend Article 50? Parliament will today debate and vote...
GBP to CAD forecast: All eyes on tomorrow's key vote on the Brexit deal

GBP to CAD forecast: All eyes on tomorrow’s key vote on the Brexit deal

We're now less than 3 weeks away from the UK's expected departure date from the European Union, with this week being arguably one of the most important regarding the Brexit plan, as many following the news will be aware. Despite calls for UK Prime Minister Theresa May to once again postpone the meaningful vote on her Brexit deal, the vote is still expected to take place tomorrow evening and although Mrs May isn't expected to lose by such a substantial margin this time, analysts are...
Pound to dollar forecast: Best rates to sell US dollars for pounds in 2 months

Pound vs Dollar: How will next week’s vote on May’s deal impact the GBP/USD...

Next week could be very busy for Sterling exchange rates as the next meaningful vote on UK Prime Minister May's deal will take place. It's expected to be held on the 12th, with speculation mounting as to what could happen to the Pound in the event her plan is voted in favour of, or against again. The Pound is the best performing major currency of 2019 so far and some substantial gains have been made, with GBP/EUR trading around a 22-month high and GBP/AUD trading...