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...
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...
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...
Pound to Australian Dollar forecast ahead of important European elections - GBP vs AUD

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...
Will the Reserve Bank of Australia cut interest rates in May?

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%...
Pound to Australian dollar forecast Lacklustre employment rate hampers Australian dollar

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...