Will the GBP/AUD rate breakthrough 1.90 in the coming weeks?

Will the GBP/AUD rate breakthrough 1.90 in the coming weeks?

Over the last 4 weeks GBP/AUD exchange rates have increased by 6 cents making a AUD $300,000 purchase £5,340 cheaper. The slowdown in Australia is putting a major strain on Australian dollar exchange rates. The housing market is under severe pressure due to the tightening of lending standards throughout 2018. China is slowing due to the ongoing trade war which means less commodities are leaving Australian shores and the Reserve Bank of Australia have hinted at cutting interest rates in a bid to stimulate...
Pound to Australian dollar forecast : Could GBPAUD hit 2?

Pound to Australian dollar forecast: Could GBPAUD hit 2?

The pound to Australian dollar pairing has seen some volatility in rcent weeks, as investors look to gauge the future expectations for both Brexit and the Trade Wars. Personally, I would not be surprised to see the pound rise against the Australian dollar in the coming weeks as investors seek to better understand what lies ahead on Brexit. The expectation now is that we could very easily see an extension to the Article 50 window, which would put the UK on a longer leaving time-frame....
GBP to AUD Rates Hit 2 1/2 Year High

GBP to AUD Rates Hit 2 1/2 Year High

The pound to Australian dollar exchange rate continues to move higher having now broken 1.88 for the GBP to AUD pair as Brexit developments heavily impact the exchange rate. Rates for GBP to AUD are now sitting at a 2 ½ year high creating a good opportunity for those looking to buy Australian dollars. Last night the UK Government was defeated in a vote that takes a no deal Brexit off the table. Will Parliament vote to extend Article 50? Parliament will today debate and vote...
Sterling against Australian Dollar in for a volatile week as key Brexit votes approach

Sterling to Australian Dollar rates in for a volatile week as key Brexit votes...

The Pound is in for a volatile trading week as UK Parliament head towards a number of key votes over the course of the next few working days. The votes could pave the way for where Brexit heads next and I personally feel that this will be the main driver for the Pound against the Australian Dollar over the course of this trading week. The key dates for your diary this week are below, previously the votes have been towards the evening in the UK and...
Pound to Australian dollar forecast: GBP/AUD levels hit post-Brexit highs!

Pound to Australian dollar forecast: GBP/AUD levels hit post-Brexit highs

The pound to Australian dollar has hit fresh 2-year highs, presenting clients looking to buy Australian dollars with a fresh chance to buy at some of the best levels since the EU vote in 2016. The expectation is that the pound could well push higher against a weaker Australian dollar, although investors are bracing themselves for all manner of outcomes next week. Australian dollar weakness The overall belief for the future is that the Australian dollar could struggle further owing to the uncertainty from the Trade...
Pound to Australian dollar rate hits a new annual high

Pound to Australian dollar rate hits a new annual high

The GBPAUD exchange rate has once again seen a boost to its value, with the pair trading as high as 1.8774 in the early hours of this morning. This is also the annual high, which is the highest level seen since June of 2016 which was before the Brexit vote took place and the markets didn't expect the Brexit vote to actually materialise. This 33-month high has left sterling sellers in a good position, which may surprise some within the markets as the next week...
GBP to AUD forecast: Further problems for the Australian dollar against sterling

GBP to AUD forecast: Further problems for the Australian dollar against sterling

The Australian dollar has lost further momentum against sterling as the latest Australian Growth numbers disappointed overnight. GDP for the quarter was released at 0.2% down 0.1% and GDP for the year fell by 0.2% to 2.3%. This data release puts further pressure on an economy that is already struggling. The slowdown in China due to the ongoing trade war with the US is causing investment to slow in Australia. The housing market in particular is under severe pressure and the Reserve Bank of Australia...
GBP to AUD forecast: GBP/AUD exchange rate breaches 1.87

GBP to AUD forecast: GBP/AUD exchange rate breaches 1.87

In today's GBP to AUD forecast we look at how the rates are being affected by the high probability of a Brexit extension. The GBP/AUD exchange rate will still largely be dictated by Brexit. The next key event is due to take place before 12th March, but is likely to be on the day itself. Theresa May's Brexit deal is due to be voted on by Parliament and in it's present form I believe there is little chance the deal will be voted through. If we...
GBP to AUD forecast: Pound to Australian Dollar trades close to 4-month high

GBP to AUD forecast: Pound to Australian Dollar trades close to 4-month high

Sterling has strengthened this week with the currency hitting new highs against a number of major currency pairs. The reversal of fortunes for the GBP/AUD pair in particular within the past 2 months stand's out after the pair dropped as low as 1.72 in January and hit 1.8732 earlier this week. So far today the pair have attempted to break the 1.87 mark although there does appear to be resistance at this level which was the case back in October also when the pair hit...
GBP to AUD forecast: Further positive signs for the Pound vs Australian dollar

GBP to AUD forecast: Further positive signs for the Pound vs Australian dollar

It's been a fantastic 4 weeks for the pound vs Australian dollar. GBP to AUD exchange rates have increased from 1.7880 to 1.8630 at the time of writing this article. To put this into monetary value, clients that are emigrating to Australia are now generating an additional $30,000 Australian dollars on a £400,000 transfer. The improvement has come following Theresa May's change in stance in regards to Brexit. For the last 2 years the PM has stated 'no deal is better than a bad deal'...