Three Key Events in a Vital 72 hours for GBPEUR and GBPUSD Exchange Rates
The beginning of this week in the UK was very sombre with Her Majesty’s funeral and a UK Bank Holiday. This meant UK markets were shut, and ensured a fairly sleepy start to the week from a currency perspective, with sterling still nestling in the doldrums following the poor Retail Sales data from last week.
The rest of this week looks far from calm however, with three key events that could trigger market movements for the pound, US dollar, Euro and many other currencies. The...
Pound rebounds following lighter than expected inflation figures
Wednesday’s trading session saw the pound on the front foot, gaining back some of the losses from the past week against a basket of currencies. Inflation data released in the morning showed price growth slowed in July for the first time since September 2021. Could this be a signal that the cost-of-living crisis has begun to ease in the UK?
The Bank of England stated last month that they expect inflation to peak at 13%. The drop in price growth does pose an interesting question...
Will the Pound Remain Steady after Surprise Dip in Inflation ?
The pound has been relatively steady today following a surprise dip in the headline Inflation numbers. In welcome news across the country, the number came in at 9.9% higher year on year for August, versus the 10.2% numbers from last month for July. The important point is the number has been trending higher since the beginning of the year so this marks a turning point and could potentially signal a change in policy ahead. Inflation is very influential on interest rates, and interest rate...
GBP to AUD Exchange Rate at New 41-Month High as Boris Wins an Election...
On possibly one of the biggest days in the UK’s political history, the GBP slipped amidst jitters from the outcome the election. Fear and uncertainty has weighed on the GBP whilst the AUD continues its strong form, tipping the GBP/AUD exchange rate in its favour. However, with the results being announced that the Tory Party won a majority in government, the pound has sharply rose this morning as they held their power in the UK.
Pound Suffers Losses as Election Deadline Arrives but Sharply Claws...
Pound to Australian Dollar rate: RBA interest rate decision and Brexit to drive GBP/AUD...
Could Australian interest rates be cut further next week?
The pound to Australian dollar exchange rate has been trading between 1.83-1.84 during the course of this week. The economic data from Australia has been rather negative recently and this means we could see an interest rate cut coming in the near future. Yesterday Reserve Bank of Australia Governor Philip Lowe suggested that the economy is at a 'gently turning point.' According to reports from Bloomberg the expectation of an interest rate cut next week is...
Pound to Australian Dollar exchange rate: Is Sterling likely to fall further as the...
GBP/AUD exchange rate as no-deal Brexit probability increases
Amongst the leading economists and financial institutions, the chances of a no-deal Brexit appear to be increasing, with many suggesting the chances of a no-deal sit between 40% to 50%. One of the more pessimistic banks out there is Japan based MUFG which signals a 60% chance of a no-deal Brexit along with further falls for sterling exchange rates owing to the uncertainty and negative impact this could have on the UK economy.The pound to Australian dollar...
Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79
The pound to Australian dollar exchange rate has fallen lower with rates having briefly dropped below 1.79 this morning for the GBP to AUD pair.
Sterling lower as no deal Brexit becomes credible possibility
Brexit continues to drive the price of sterling lower as a no deal Brexit outcome has become a credible possibility. Conservative favourite for Prime Minister, Boris Johnson is expected to push forward the prospect of a no deal to ensure that Britain does in fact leave the European Union by the latest...
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 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 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...
