Pound to Australian Dollar: How Will the Pound Fair Following Next Week's Brexit Vote?

Pound to Australian Dollar: How Will the Pound Fair Following Next Week’s Brexit Vote?

Pound to Australian Dollar rates have fallen back below 1.80 this week, with the Pound once again unable to find sufficient support above this key threshold. This dip in support comes as the markets prepare themselves for next week’s crucial Brexit vote, when UK MPs will vote whether or not to back Prime Minster Theresa May’s current Brexit deal with the EU. With the general consensus leaning towards a lack of support for the current Brexit deal, how will a potential no vote affect Pound to...
GBP to AUD Forecast: Will the GBP/AUD rate rise or fall in January?

GBP to AUD Forecast: Will the GBP/AUD rate rise or fall in January?

GBP to AUD Forecast: The pound to Australian dollar exchange rates has been very volatile as we begin 2019, rising and falling on various changing sentiments towards both the Brexit and the Trade Wars. The latest news was surrounding the US Non-Farm Payroll data from last week which showed that the US economy is performing much better than expected. This triggered a rise in the Australian dollar which as a commodity currency, will benefit in times of good news for global trade. The Aussie rose...
GBP to AUD Forecast: Will the Pound continue to improve against the Australian Dollar?

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

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

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...
GBP/AUD Rates Trading Back Above 1.80 Following US Interest Rate Hike

GBP/AUD Rates Trading Back Above 1.80 Following US Interest Rate Hike

GBP/AUD Rates: GBP has made inroads against the AUD over the festive period, with the Pound now trading back above 1.80 as we enter the last few trading hours of 2018. Sterling received a welcome boost following the US FED’s anticipated interact rate hike, at their recent policy meeting. As expected, the US FED raised rates by 0.25% and indicated that the markets could expect another couple of rate hikes next year. The latest rise means there is a growing disparity between the US interest...
GBP to AUD Forecast: Will the GBP/AUD rate rise or fall in January?

Will GBPAUD levels rise or fall in 2019?

The Australian dollar has been weakening against sterling as the market takes it dissatisfaction on the Trade Wars and Donald Trump's comments over Christmas out on the Australian dollar. As a commodity based currency the Aussie dollar will rise and fall according to global attitudes to world trade. Expectations are high that Donald Trump will continue to pose a threat to the global economy, and a series of comments and tweets of late have put pressure on the Australian dollar. Since the main focus of...
Pound to Australian dollar forecast 2019

Pound to Australian dollar forecast 2019

In this Pound to Australian dollar forecast we take a look ahead to events in early 2019. Of course, the ongoing Brexit saga is going to be the main talking point for the pound and going into next year anything could happen. UK Prime Minister Theresa May has confirmed that MPs will debate the Brexit deal on the first week back and then the meaningful vote will follow thereafter. Quite simply if she manages to persuade MPs to back her deal, I expect the pound...
GBP to AUD forecast: US and China reported to have fallen out again over trade negotiations

GBP to AUD forecast: US and China reported to have fallen out again over...

It has been said that the talks between US and China have once again fallen out over the well publicised trade wars, which has weakened the Australian Dollar ever so slightly today. Both sides of the negotiations are essentially trying to get the best out of this deal that they can, and currently the U.S is apparently accusing China of 'stealing technology' also noting that it is unacceptable for China to 'dump their products' on the US. In return China are said to have suggested that...
GBP to Australian Dollar forecast

Theresa May urged to consider alternative Brexit deal

May remains defiant Secretary of State for International Trade, Liam Fox and another senior Tory MP, Damian Hinds, both considered close allies of Theresa May, have called for a vote in the House of Commons on possible alternatives to the PM's current Brexit deal. The alternatives to be considered are wide ranging, from a Norway plus deal to a potential no deal. The PM is currently standing behind her own deal despite being stone walled by Brussels. Jean Claude Junker, European Commission President stated the following: "We don't...