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...

U.K Unemployment and average earnings figures tomorrow to impact Sterling exchange rates

Tomorrow we have the release of key unemployment and average earnings figures for the U.K at 09:30am. This data will be key for the performance of the Pound not only throughout tomorrow but as we head towards the end of the week. Unemployment levels are predicted to remain at 4.3% so as long as there are no surprise alterations to this I do not expect any major dramas, however there will be a lot of focus on average earnings and if we have any improvement there. The...

What may the Bank of England interest rate decision lead to for Sterling exchange...

Following a reasonably quiet start to the week for U.K economic data anyone with a requirement to exchange Sterling into another currency or to exchange another currency back into Sterling may wish to keep a keen eye on exchange rates over the course of the trading day tomorrow. At midday we have the release of the Bank of England interest rate decision and this will be key for the performance of the pound for the rest of the week. The Pound had initially hit the highest...
September GBPEUR Forecast

Pound to Euro and Dollar exchange rets set for gradual decline to begin the...

Sterling saw a very gradual decline throughout last week, with Pound to Euro and Pound to Dollar exchange rates creeping daily towards levels not seen since January. The reason? Multi-fold, frankly, Euro and Dollar buyers are lucky that rates have not degraded further. All of these features were also a surprise, which reflects just how important it is to be in a flexible position and be truly up to date with current information. Whilst I hope our readers, regular and new, find this website useful...

Sterling exchange rates flat as the week begins – Bank stress tests and Carney...

The Pound has had a fairly flat day to start off the trading week, seeing minimal movement against most major currencies. Generally at the end of a calendar month you do tend to find that economic data does quieten down, however that is not to say that we are set for the rest of the week to remain flat. The major issue as many regular readers will be aware is the on going Brexit talks. As it stands the talks are not exactly going smoothly and...
Pound rises back above 1.25 level against the Dollar Will the Federal Reserve cut interest rates?

When is the best time to Transfer your Currency? (Daniel Johnson)

Sterling is looking very weak at present having fallen in value against all major currency pairings. The pound is suffering due to a series of poor data releases. There has been poor manufacturing, industrial and retail figures of late, not to mention the shocking trade deficit data. The main factor in Sterling's weakness however is the EU referendum. Current FT polls show 44% of the UK population wish to remain in the EU, 41% wish to leave and 15% remain undecided. It is an...

Will the Pound to Australian Dollar rate now remain below 1.80, and which factors...

After opening above the 1.80 mark yesterday, the pair have since fallen below this benchmark and they're currently trading in the 1.79's. There doesn't appear to be as much resistance/support around this level in the current market, after 1.80 has acted as a resistance for some time. The fall for the Pound today appears to be down to the latest Brexit update, and I wouldn't be surprised to see this topic continue to influence exchange rates for the remainder of the year and potentially even...

UK Manufacturing figures and the NIESR GDP estimate could set the tone for the...

Prior to last Thursday’s slight correction the general movements for the pound over the last month have been very positive. We have hit a near 2 ½ year high against the greenback having shifted 3.3% since mid-November. A similar trend has been seen against a number of currencies, most notably just shy of 7% against the AUD (a near four year high), 8% against the ZAR (five year high) and in excess of 4% against the CAD (four year high) all since the start...
GBP to AUD rate rises despite falling UK inflation

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...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

Sterling Exchange Rates Rally Close to 1.13 for GBP EUR

The pound continues to trade within a tight range as the markets still await new developments in the Brexit negotiations. The pound is currently trading at 1.1270 against the Euro and 1.39 against the US dollar having seen reasonable gains across the board today. Those clients looking to sell Euros for pounds have been presented with another good opportunity to convert. The focus is now largely on Brexit with the terms of the transitional arrangement expected to go through in the next couple of...