How could the UK election result effect GBP to AUD?

Pound to Australian Dollar Forecast: How could the UK election result effect GBP to...

The pound to Australian dollar exchange rate has drifted lower after what had been a strong rally in recent weeks. There are two principle drivers for the GBP vs AUD exchange rate and any developments are likely to have a major influence on the pair. Brexit remains central to the price of sterling and the UK general election which will be held 12th December will almost certainly carry major influence on how Brexit unfolds. A Conservative majority could help drive the pound higher but...
PM to meet outgoing EU President Jean-Claude Juncker today

How the UK election, Brexit and the US China trade war is affecting GBP/AUD

The Australian dollar has been rising in value as investors predict improvements in the sentiment towards the trade disputes with China and the US. The outlook on this has generally related to how investors view global trade, with the currency market having generally favoured the Australian dollar when it appears the global economy is performing well. The Australian dollar is a key exporter of raw materials such as Iron Ore, Copper and also Aluminium, which are used in many Industrial processes globally. Signs therefore that...
Pound to Australian Dollar forecast December election approaches

Pound to Australian Dollar forecast: December election approaches

The pound to Australian dollar exchange rate has slipped lower to 1.87, after the GBP/AUD pair had seen a strong rally in recent weeks. With no major developments expected over Brexit in the coming weeks and with parliament expected to be dissolved with an election on the horizon, the pound is likely to see market movement in the run up to the election as speculation mounts as to who will govern the United Kingdom. With more political parties campaigning in this election the strategy...
Pound to Australian Dollar Review- How will GBP/AUD react to November's news?

Pound to Australian Dollar Review: How will GBP/AUD react to November’s news?

Pound to Australian dollar exchange rates have been trending higher and lower owing to the ongoing uncertainty surrounding the outlook on Brexit and Trade Wars, these have been two of the central events on the pairing. GBP/AUD rates had risen to the highs of 1.91 on the 16th October, versus the post EU Referendum vote lows of 1.59. This move has been in part down to the delay or possible removal or no-deal Brexit as an option we might have ahead. How the UK elections are affecting...
Pound to Australian Dollar forecast General Election could hurt the Pound

Pound to Australian Dollar forecast: General Election could hurt the Pound

Pound to Australian Dollar Forecast The pound will likely remain fragile while we still lack clarity on Brexit. The gains made when Boris came close to getting a deal still remain apparent on the market. The general belief is that we are closer to a deal. The general election could be cause for concern for GBP sellers however. Historically during a general election the currency in question weakens due to the political uncertainty. In this situation the value of Sterling may fluctuate depending on which party...
Pound to Australian Dollar forecast December election approaches

Pound to Australian Dollar forecast: UK General election and RBA interest rates

It's been another eventful 24 hours in the UK, as members of Parliament have voted in favour of a general election on the 12th December. Today the bill makes its way to the House of Lords and should be approved by the end of the week, which will mean the campaigning begins. The market reaction has been limited as it appears investors had 2nd guessed that an election was inevitable. How has the GBP/AUD rate reacted to election news? History tells us that general...
Could the Pound hit 1.90 vs the Australian Dollar

Could the Pound hit 1.90 vs the Australian Dollar

GBP/AUD remain high in the midst of election uncertainty Sterling has been performing very well vs the Australian dollar recently and it appears to be remaining relatively high. GBP/AUD exchange rates are now close to their highest level since the Brexit vote back in June 2016. Optimism has been high and it appeared as though up until last week that a deal was getting closer to being concluded. This optimism helped to push the Pound up to over a three year high vs the Australian Dollar. Yesterday,...
Pound to Australian Dollar outlook How long will the Brexit extension be?

Pound to Australian Dollar outlook: How long will the Brexit extension be?

The pound to Australian dollar exchange rate has made some small inroads at the start of another intensive week of British politics. UK Prime Minister Boris Johnson is expected to assert pressure on the opposition in the House of Commons later today to try and secure a December 12th general election. These coming days ahead are likely to be important for GBP to AUD exchange rates. Those looking to buy or sell Australian dollars would be wise to plan around all the latest developments...
Sterling falls versus Australian dollar, as Brexit outlook up-in-the-air

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

GBP to AUD rate decrease Sterling has fallen by -0.48% versus the Australian dollar on the interbank market in the last day, from a peak of 1.8902 yesterday to 1.8812 today at the time of writing. In part, this is because the UK’s political outlook remains unclear, with Westminster undecided whether there’ll be a UK general election in the coming weeks, and the EU debating whether to grant the UK another Brexit extension of three months, or just two weeks. Boris delivers election ultimatum One reason why...
Pound to Australian Dollar Outlook: Will GBPAUD Rise or Fall on the UK Election?

Pound to Australian Dollar forecast: GBP stands its ground against the AUD

The major factor dictating pound to Australian dollar exchange rates at present is Brexit. Despite the fact Johnson's deal is unlikely to got through by 31st October, the deal has been well received. Sterling has held on to its recent gains with GBP/AUD currently sitting in the 1.88s, some of the best levels for Australian dollar buyers since May. Brexit delay PM Boris Johnson's hand has been forced to ask for an extension in accordance with the Benn agreement. Johnson had said he will take the UK...