Pound to Canadian dollar predictions: What to expect this month

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 to US Dollar exchange forecast: Fed hints at Monetary Policy Change

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...
Australian Dollar gains ground on Sterling Politics weighs on the Pound and Australian data generally positive

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 to Australian Dollar Rallies over 1.89

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

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

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 rate AUD sell off continues despite ongoing Brexit uncertainty

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...
Pound to Australian Dollar exchange rate Sterling hits 3 month high vs Australian Dollar after RBA minutes

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...