Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

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...
Pound to Australian Dollar forecast GBPAUD rates fall to 1.80 as Brexit protesters take to the streets in their thousands

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 Exchange Rate Slides as Hard Brexit Bets Build-Up

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...
Pound to Australian Dollar Forecast: AUD Domestic Weakness Pushes RBA Towards Rate Cut

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 Australian Dollar forecast GBPAUD rates see movement as a possible Brexit extension is on the horizon

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...
Sterling falls versus Australian dollar, as Brexit outlook up-in-the-air

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...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

GBP to AUD Forecast: Will the Pound continue to improve against the Australian Dollar?

GBP to AUD Forecast: The Pound continues its fantastic run against the Australian Dollar The Pound has been performing very well against the Australian Dollar in recent weeks gaining by as much as 9 cents since the start of December. This is a difference of £5,850 on a currency transfer of AUD $200,000. This particular statistic highlights the importance of keeping up to date with what is happening to the foreign exchange markets and especially the GBP/AUD exchange rate which has moved a huge amount in...
Why is the RBA keeping interest rates on hold?

GBP/AUD Rates Fall Back Towards 1.80 as UK Prepares for Crunch Brexit Vote

GBP/AUD rates have fallen back towards 1.80, with the Pound's resistance around this threshold coming under pressure once again. Reports this morning from former Brexit Secretary David Davis suggest that UK Prime Minister Theresa May could once again delay the “meaningful vote” on January 14th, when MP’s will vote on her current Brexit deal with the EU, if she looks set to lose it. The PM has already delayed the vote once and Davis feels she may have to do the same again to avoid a...
Pound to Australian Dollar Exchange Rate: Could the Pound Hit 1.90 vs the Australian Dollar?

GBP to AUD Forecast: How will GBP/AUD rates perform this January?

In this GBP to AUD forecast I discuss the expectations for the GBP/AUD exchange rate in January. Rates are likely to be largely dependent on the outcomes from the two biggest drivers on the currency markets at present, namely Brexit and also the Trade Wars. Trying to predict these factors is no easy feat and clients relying too much on one particular outcome, might be wise to consider all eventualities. The January 14th Parliamentary vote on Theresa May's Brexit will be a huge factor in...