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...
Pound to Australian dollar predictions: What next for Brexit?

Pound to Australian dollar forecast: GBP/AUD levels hit post-Brexit highs

The pound to Australian dollar has hit fresh 2-year highs, presenting clients looking to buy Australian dollars with a fresh chance to buy at some of the best levels since the EU vote in 2016. The expectation is that the pound could well push higher against a weaker Australian dollar, although investors are bracing themselves for all manner of outcomes next week. Australian dollar weakness The overall belief for the future is that the Australian dollar could struggle further owing to the uncertainty from the Trade...
GBP to AUD forecast - Fridays Brexit deadline

GBP to AUD forecast: Further problems for the Australian dollar against sterling

The Australian dollar has lost further momentum against sterling as the latest Australian Growth numbers disappointed overnight. GDP for the quarter was released at 0.2% down 0.1% and GDP for the year fell by 0.2% to 2.3%. This data release puts further pressure on an economy that is already struggling. The slowdown in China due to the ongoing trade war with the US is causing investment to slow in Australia. The housing market in particular is under severe pressure and the Reserve Bank of Australia...
GBP to AUD forecast: GBP/AUD exchange rate breaches 1.87

GBP to AUD forecast: GBP/AUD exchange rate breaches 1.87

In today's GBP to AUD forecast we look at how the rates are being affected by the high probability of a Brexit extension. The GBP/AUD exchange rate will still largely be dictated by Brexit. The next key event is due to take place before 12th March, but is likely to be on the day itself. Theresa May's Brexit deal is due to be voted on by Parliament and in it's present form I believe there is little chance the deal will be voted through. If we...
GBP to AUD Forecast - Brexit Leads to Constitutional Crisis

GBP to AUD Forecast: Australia’s Coal Exports put in Jeopardy

Australian Dollar suffers due to heavy reliance on China The Australian Dollar has lost ground of late due to coal trade between China and Australia. Last week we witnessed China put a ban on coal imports from Australia which caused a drop in investor confidence as coal is one of Australia's primary exports along with iron ore. It has been reported that five harbours in China will no longer allow coal to be cleared. The Australian PM, Scott Morrison has attempted to quell the situation stating that...
GBP to AUD forecast: Further positive signs for the Pound vs Australian dollar

Pound to Australian dollar rate rockets after RBA reverses its position on interest rates

The Pound to Australian dollar rate has taken a nose-dive after the Reserve Bank of Australia (RBA) gave opposing signals following the latest interest rate decision to hold rates at 1.5% as expected. The central bank had initially been more dovish following the meeting and focused on inflation, indicating it should hit 2.25% by 2020. This actually resulted in some gains for the Australian dollar. However the RBA made a further statement later on which caused the Australian dollar to weaken by over 1.6%...
Australian dollar up against the pound but could have problems next week with Australian inflation data

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 AUD Outlook - Dollar Supported on Stronger Data

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...
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...
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...