Reserve Bank of Australia cuts interest rates

Pound to Australian Dollar Forecast: Reserve Bank of Australia cuts interest rates

Reserve Bank of Australia cuts interest rates for the third time this year The pound to Australian dollar exchange rate has rallied higher after the Reserve bank of Australian cut interest rates on Tuesday morning. Those looking to buy Australian dollars with pounds are currently seeing a better opportunity to secure in what is likely to be a volatile period ahead with the Brexit deadline of 31st October now fast approaching. Rates for GBP to AUD exchange rates are currently sitting at 1.8315 for the...
Pound to Australian Dollar exchange rate RBA opts to cut interest rate down to record 0.75% resulting in a drop for AUD exchange rates

Pound to Australian Dollar exchange rate: RBA opts to cut interest rate down to...

Reserve bank of Australia interest rate reaches record lows The pound to Australian dollar exchange rate is trading higher this morning after the Reserve Bank of Australia (RBA) chose to cut interest rates in the early hours of this morning, negatively impacting the AUD. The cut leaves the Australian base interest rate at 0.75% which is a record low down under. Since the cut we've seen the Aussie dollar drop in value with the currency down by over half a percent against the pound, euro...
Reserve Bank of Australia to cut interest rates tonight, how could this impact Pound to Australian Dollar exchange rates?

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

Reserve Bank of Australia interest rate decision tonight The Australian dollar has been having a tough time against a number of different currencies recently. However, the pound to Australian dollar exchange rate has dipped as the AUD staged a small comeback during last week. It appears as though the issue of Brexit is causing investors to sell pounds, and this is in part why GBP/AUD exchange rates have moved in a negative direction last week. However, major bank Westpac has suggested that the Reserve Bank of...
Pound to Australian Dollar rate RBA interest rate decision and Brexit to drive GBPAUD exchange rates

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 forecast GBPAUD exchange rates holding in the 1.80s, could Supreme Court ruling cause volatility in rates?

Pound to Australian Dollar forecast: GBP/AUD exchange rates holding in the 1.80s, could Supreme...

Supreme Court hearing to cause movement for GBP/AUD rates The pound to Australian dollar exchange rate has found support with rates sitting at 1.8350 for the GBP vs AUD pair on the interbank exchange. The Supreme Court in the UK will rule this morning on whether the decision for Boris Johnson to prorogue parliament was unlawful. The verdict will be made at 10:30 and high volatility should be expected for pound to Australian dollar exchange rates. Those with pending requirements either buying or selling Australian...
Pound to Australian Dollar exchange rate Sterling hits 3 month high vs Australian Dollar after RBA minutes

Pound to Australian Dollar exchange rate: Sterling hits 3 month high vs Australian Dollar...

GBP/AUD exchange rate movement as Australian interest rates reach record lows: Could the RBA cut interest rates even further? The pound to Australian dollar exchange rate strengthened once again overnight after the Reserve Bank of Australia (RBA) released their minutes. The RBA suggested that they may be consider cutting rates again in the near future. Interest rates are at their lowest level in history in Australia and if further rate cuts happen then this could lead to problems for the Australian dollar. The central bank has...
How will Brexit shape GBP/AUD exchange rates?

Pound to Australian Dollar Forecast: All Eyes on UK Supreme Court and news from...

Will the US Fed cut interest rates? and how will this affect the AUD exchange rate The pound to Australian dollar exchange rate has rallied higher with levels breaking over 1.82 for the GBP vs AUD pair. Today sees the US Fed interest rate decision where an interest rate cut of 0.25% is widely expected taking rates down to 2% from 2.25%. This is relevant for the Australian dollar as the differential between interest rates in both Australia and the US can have a direct...
PM to meet outgoing EU President Jean-Claude Juncker today

Could Boris Johnson’s meeting with EU President Juncker provide the Pound with a boost?

PM to meet outgoing EU President Jean-Claude Juncker The Pound to Australian Dollar rate appears to have consolidated north of the 1.80 benchmark over the past week with GBP/AUD hitting 1.82 at its highest stage earlier today. Since then the Pound has come under pressure, but it remains north of 1.80 which tends to be a key level for the pairing as those of our readers following the pair for some time will be aware. Sterling has begun the days trading under some pressure on what could...
Pound to Australian Dollar Forecast Brexit Developments

Pound to Australian Dollar Forecast: Brexit Developments

Latest Brexit preparations: How has this affected the GBP/AUD exchange rate? The pound to Australian dollar exchange rate has found support with rates sitting above 1.80 for the GBP vs AUD pair. British politics continues to keep the markets guessing though over whether or not a deal will be reached between the UK and EU over Brexit. With the 31st October deadline approaching the pound has found some support as the markets have begun to feel slightly more optimistic that a deal will be reached....
Pound to Australian Dollar forecast Yellowhammer Brexit document and 'illegal' parliament suspension to influence GBPAUD rates

Pound to Australian Dollar forecast: Yellowhammer Brexit document and ‘illegal’ parliament suspension to influence...

Pound to Australian Dollar rate: Has Boris broken the law? Yesterday the highest civil court north of the border ruled that Boris Johnson's decision to suspend parliament was illegal. Although the result came out this has done little to impact the pound to Australian dollar exchange rate. The next step in the ongoing saga will be next week when the Supreme Court meets to make it own decision. The hearing will take place on 17th September so pay close attention to this decision and its...