Pound to Australian Dollar forecast December election approaches

Domestic Confidence Worries for the Australian Dollar Following Bushfires

Both the Australian dollar and pound sterling have had less than desirable starts to their trading weeks. AUD has seen a hit to its domestic confidence as forecasts suggest the Aussie currency is likely to stay soft due to the bushfires. The pessimism surrounding the domestic performance is currently holding AUD back which is doing no favours for AUD/GBP exchange rate. Meanwhile, GBP has its own issues to deal with as the currency saw a slip against both the Euro and the US dollar...
Pound Falls Against Australian Dollar Owing to Poor UK Retail Sales

GBP to AUD Falls Further as UK GDP Forecast Flat in November

The pound to Australian dollar interbank exchange rate stands at 1.8799 today. By comparison, back on Wednesday 8th, sterling was as high as 1.9154 versus the so-called Aussie, so it’s since lost out by 1.85%, or by around 3.5 cents. GBP has declined in value against the AUD, partly because it’s forecast that UK economic growth was flat in November, ahead of office statistics released this morning. According to financial market estimates, UK GDP (Gross Domestic Product) remained at 0.0% in late 2019, although there’s a...
Pound to Australian Dollar Exchange Rate: Could the Pound Hit 1.90 vs the Australian Dollar?

Will the Pound Rise Against the Australian Dollar in January?

Australian Dollar Struggling Against the Pound The Australian dollar has been struggling recently against the pound owing to a number of different reasons. The wildfires have caused a huge amount of damage to the country and this is likely to have a knock on effect on the economy. According to Katrina Ell from Moody's 'the risk of there being broader macroeconomic spillovers this season are high given the scale of the fires.' Also, the chances are increasing that the Reserve Bank of Australia (RBA) will look...
GBP to AUD Exchange Rate at New 41-Month High as Boris Wins an Election Majority

GBP Retreats on AUD as Bank of England, Brexit and the UK Growth Outlook...

The GBP has retreated on the Australian dollar as worries build regarding the future of the UK. The main issues for concern are Brexit, changes to Bank of England monetary policy and the UK’s growth outlook in 2020. The GBP underperformed against all of its major rivals in yesterdays trading session. Meanwhile, the AUD remained resilient despite multiple headwinds, but the risk of an interest rate cut from the RBA is still on the table for Australia. The AUD has had to deal with...
Election Approaches

Australian Dollar Named Worst Performing Major Currency This Week as GBP Advances

Australian woes continue, with the ongoing bushfires continuing to devastate both the environment and the country’s resources so unsurprisingly the Australian Dollar has been named the worst performing major currency over the course of this week. The expectations of an RBA rate cut in February are higher than ever and poor jobs data caught the markets attention, leaving the AUD tumbling. Meanwhile, the GBP made gains on both the Euro and the USD as UK PM Boris Johnson met with the European Commission President...

GBP/AUD Exchange Rate Soars as Rate Cuts Look Likely for Australia in February

Tuesday saw the GBP advance on the AUD as news was announced that the RBA is looking more likely than ever to make interest rate cuts in February. The Reserve Bank of Australia (RBA) look likely to make the cut in February and are likely to use the ongoing bushfires as one of the main reasons to cut the rate as the fires are going to affect Australian growth. Meanwhile, the GBP has rallied on the services PMI data alongside increased optimism for business...
Pound Falls Against Australian Dollar Owing to Poor UK Retail Sales

Australian Dollar Takes a Hit Due to Global Geopolitical Tensions Whilst the Pound Stays...

The start of the week saw the Aussie Dollar take a tumble amidst the rising tensions between the US and Iran. The increase of global geopolitical tensions have spelled bad news for AUD as it is a risk and trade-correlated currency which had recently rallied on the hopes of a recovering global growth outlook and boosted trade relations. However, with the US sending further threats to Iran as a retaliation deterrent, AUD looks to suffer further. Meanwhile, GBP has started the New Year and...
GBP to AUD rate declines

Pound to Australian Dollar Forecast: AUD on the Rise as GBP Looks to Drop

Currency forecasters at Nordea Markets are tipping the GBP/AUD exchange rates to fall. This is good news for traders in the Australian dollar, not so much for those hoping to gain on the upside however. The forecasters are suggesting that commodity prices may rebound which would lead to the suggestion of the AUD gaining on the GBP. GBP/AUD rates held steady over the festive season as the UK markets reacted to the UK PM’s cap on the UK-EU ‘transition period’. Pound Sterling Still Jittery Over...
Pound to Australian Dollar Outlook Will GBPAUD Rise or Fall on the Election?

GBP to AUD: Australian Dollar Fades as Bushfires and Global Events Add Further Stress...

The Australian Dollar has faded further from Fridays 5-month highs as speculators took profits on recent gains. Added to this, the bushfires which have wreaked havoc across the whole of Australia continues to burn which is causing untold strain on both the population and wildlife as well as the economy. Recent news broke Friday that the US had confirmed airstrikes on an Iranian military official, this caused the AUD to drop as the safe-haven Yen also fell. Bushfires Weigh on the Australian Economy The bushfires in...
Pound to Australian Dollar Forecast: AUD Domestic Weakness Pushes RBA Towards Rate Cut

GBP to AUD: Australian Dollar Holds Firm as UK Manufacturing Data Does Not Do...

Investors were keen to find out the results from the UK manufacturing data which was released just yesterday. The data was to be an important figure as the New Year arrived and had the potential to send the GBP upwards in the GBP/AUD exchange rate. However, the result showed a slight upward revision of the finalised UK manufacturing PMI, but this was not enough to prevent the GBP from spiralling to its second weakest level since 2012. Meanwhile, the AUD has found further support...