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 USD forecast - Rates gain ahead of Brexit legal advice expected today

GBP to USD forecast: Rates gain ahead of Brexit legal advice expected today

In today's GBP to USD forecast we look ahead at the events that could impact rates in the coming days. Pound to US dollar exchange rates have started the week on a higher note ahead of an important week in British politics over Brexit. GBP to USD rates have moved higher, to 1.28. The pound to dollar rate remains extremely volatile and susceptible to Brexit developments. A key meaningful vote on the withdrawal agreement will be held on 11th December and will then set...
GBP to AUD forecast - December 11th is the day to look out for if trading GBP/AUD

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...
Volatile times ahead on GBP/USD exchange rates - will the US dollar get stronger against the pound?

Volatile times ahead on GBP/USD exchange rates, will the US dollar get stronger against...

GBP/USD exchange rate: Close to best rates in 2018 selling US dollars for pounds The GBP/USD exchange rate is currently trading on the interbank rate marginally above the 1.28 level, a not wholly unfamiliar level on the pair for regular monitors of the market in the last few months. 2018 has seen just over 16 cents movement between the high and the low on the pairing with current levels exceptionally close to the 1.2692 bottom seen in August. There are now a series of very important...
How will the Trade Wars shape GBP/USD exchange rates?

How will Trade Wars shape GBP/USD exchange rates?

GBP/USD exchange rates have fallen close to the lowest in 2018, hovering around the 1.275 level, very close to the 1.2692 level we hit earlier in the year. The expectation is that GBP/USD exchange rates could have further to fall, in part owing to a belief that the Trade Wars will not harm the US as much as expected. It has always been felt that the US will come out the better of any trade spats with other countries. Whilst it might find some difficulties...
GBP to CAD forecast: Canadian dollar strengthens due to oil prices

GBP to CAD forecast: Canadian dollar strengthens due to oil prices

In today's GBP to CAD forecast we look at what's ahead for the currency pair. The Canadian dollar strengthened against most major currencies yesterday as oil prices recovered some of the losses we saw last week. Regular readers will be aware that Canada exports many commodities and oil is arguable the most important. If we continue to see oil prices rise in the upcoming days, I expect to see CAD continue to make gains against most major currencies. Bank of Canada not expected to raise...
Pound to Dollar Falls Lower as Trade War Tensions Escalate

Pound to Dollar Falls Lower as Trade War Tensions Escalate

The pound to dollar exchange rate is continuing to lose ground with rates for GBP vs USD sitting below 1.2750 as the ongoing Brexit uncertainty drives sterling lower. UK Prime Minster Theresa May is taking her agreed deal with the EU to the country this week to win the general public’s support ahead of a key vote in Parliament expected on the 11th December. The deal on the table has received a hostile reception from a large number of politicians and it seems unlikely...
GBP to USD rates - Sterling begins the week relatively flat despite Brexit breakthrough

GBP to USD rates: Sterling relatively flat despite Brexit breakthrough

The Pound has started the week relatively flat across the board of major currencies this morning, despite some positive news for UK Prime Minister May last night. At the EU Summit which involved all 27 member states it took less than 40 minutes for the EU leaders to accept the Brexit bill that was recently drawn up by UK and EU leaders. The agreements included the political declaration, the Brexit bill and the back-stop agreement which is likely to continue to be an issue...
Pound to Canadian Dollar rates as Brexit Political Declaration Negotiated

Pound to Canadian Dollar rates as Brexit Political Declaration Negotiated

Pound to Canadian dollar rates have fallen below 1.70 as continued uncertainty over Brexit in these final stages puts pressure on the pound. The final text on the political declaration for the future relationship between Britain and the EU is being finalised now but is receiving strong criticism domestically in the UK. There are approximately 70 MPs who have stated they will vote against the Brexit deal in its current form which leaves a cloudy outlook for the pound to Canadian dollar rate. Is...
Pound to Dollar forecast - Spain could veto Brexit Deal

Pound to Dollar forecast: Spain could veto Brexit Deal

Pound to Dollar forecast: Brexit developments key for GBP/USD rate Sterling gained ground yesterday against the majority of major currencies. Theresa May remains stubborn in her stance and intends to stay in her position as Prime Minister and see through the Brexit process. She is still adamant that a Brexit deal can be agreed. President of the European Council, Donald Tusk has announced that the EU Commission has informed him that a draft deal had been agreed at a negotiator's level and agreed in principle at...