Pound to Australian dollar forecast Lacklustre employment rate hampers Australian dollar

GBP/AUD Forecast: Pound Strengthens on Reports of Brexit Deal

The pound is making gains against the Australian dollar once again with GBP/AUD rates having pushed back over 1.80. The strength in the price of sterling is largely coming from renewed confidence in the ongoing Brexit negotiations. The Sunday Times this weekend have reported that a deal is very much underway and there is a growing chance that an emergency EU summit will now take place later in November. Brexit news: EU to change stance on Irish border? It has been reported that the EU's chief...
GBP to AUD rates: Will Sterling get back to 1.80 against the Australian Dollar?

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...

Is there justification for a Sterling rally?

Is there any reason for optimism regarding the Pound? The Pound remains fragile. Lack of clarity on Brexit and poor economic data is keeping the pound anchored to current buoyancy levels. We have recently had a fall in manufacturing data which proved to be the biggest drop since October 2012. GDP came in below expectations at 0.2% and average earnings has fallen to 2.5%. Some economists are still optimistic and are predicting a rate hike from the Bank of England (BOE) in the coming months. I...
GBPEUR Forecast - Brexit Vote Today

Minimal data out today for the U.K – European growth and U.S employment figures...

We have minimal economic data out for the U.K today, the Pound has remained fairly flat in early morning trading. As the day progresses we do have other economic data releases from around the world that may impact the Pound against the Dollar, Euro and Canadian Dollar along with other major currencies. At 10:00am today we have the release of European growth figures, expectations are for the quarter on quarter figures for the first quarter of 2018 to remain at 0.4% with year on year growth...
Pound euro at three month lows after Theresa May announces resignation

Italian political issues appear to be the main driver for currencies so far this...

The week so far has seen quite a lot of volatility for Sterling exchange rates, however the reasons for the Pound moving against most major currencies are not down to political or economic data from the U.K but actually mainly driven by Italian politics, Donald Trump and North Korea. Italian politics has been one of the main focuses for the week for investors and speculators, as news broke earlier in the week that the two big winners from the election - Five Star and The...

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...
Pound to Aussie dollar rate hits a 2-week high as Australian data disappoints

Could the Pound fight back vs the Australian Dollar towards the end of the...

The Pound has made some small gains vs the Australian Dollar during today's trading session after UK wage growth increased at an annual rate of 2.9% during the first quarter of this year. The data outpaced inflation and the combination of falling unemployment has helped the Pound make some gains vs the Australian Dollar. With the growth in wages this may provide the Bank of England with some evidence to support an interest rate hike in the longer term. The news is clearly a good sign...

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...

Will the Bank of England raise interest rates? This will be key for Sterling...

The key to the performance of the Pound in the next few weeks will be the likelihood of an interest rate hike, which has dipped a little over the past week. Bank of England Governor Mark Carney commented last Wednesday evening that economic data in the next few weeks will be key to whether or not the Bank of England will make their move and raise interest rates on May 10th. Before these comments along with the low inflation figures that we received earlier that day,...
Sterling on shaky ground

The Fragility of the Pound has been Exposed (Daniel Johnson)

BOE Rate hike could be delayed The Pound has suffered over the last two days of trading. We saw strong gains earlier in the week, hitting highs against several major currencies. GBP/EUR hit 1.1599 for example. This was based on a host of strong UK data such as a 43yr low on unemployment, strong retail sales data and an increase in average wage growth. There was also a Brexit transitional deal all but agreed, with the UK being granted signal market access for two years before...