Pound to Australian Dollar forecast Yellowhammer Brexit document and 'illegal' parliament suspension to influence GBPAUD rates

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: 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 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...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

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...
Reserve Bank of Australia to cut interest rates tonight, how could this impact Pound to Australian Dollar exchange rates?

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 rate AUD sell off continues despite ongoing Brexit uncertainty

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...
PM to meet outgoing EU President Jean-Claude Juncker today

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...