Resignations in the UK and the impact of the Brexit deal on the Pound vs the Australian Dollar

Pound to Australian Dollar – Sterling Outlook Uncertain as Brexit Negotiations Reach Endgame

The pound has slipped lower against the Australian dollar this week with rates now sitting well below 1.80 for the pound to Australian dollar pair. Brexit key for pound to Australian dollar rate Brexit is likely to remain the biggest driver for the pound to Australian dollar rate this week after UK Prime Minister Theresa May made a speech last night which signalled optimism that a deal on Brexit could be reached whilst the talks continued overnight. She said that talks were immensely difficult but...
Pound to AUD rate gets off to a bad start

Pound to AUD rate gets off to a bad start, are further falls likely...

The Pound to AUD rate has dropped to its lowest level in over 2 months this morning, as the pair haven't traded as low as 1.7852 since early September. Over the past month the Australian Dollar has gained by over 3% against the Pound and this trend doesn't appear to be changing anytime soon if this morning's price movement is anything to go by. Why has the Pound to AUD rate dropped? It's likely that the drop is due to concerns over there being further resignations...
Sterling Australian Dollar exchange rates stable - Brexit deal

Sterling Australian Dollar exchange rates stable as we potentially head towards Brexit deal

The Pound has remained fairly stable against the Australian Dollar over the course of the trading week and the exchange rate has not managed to move too far away from the 1.80 level. Currently it looks like the UK are heading ever closer to negotiating an initial deal with the EU and rumours that hit the wires yesterday suggested that there is not a timeline in place for Theresa May and Brexit negotiator Dominic Raab to start the ball rolling and take one step closer...
GBP to AUD forecast: US Midterm results could help the Australian Dollar

GBP to AUD forecast: US Midterm results could help the Australian Dollar

In today's GBP to AUD forecast I'll discuss how the US midterm results could prove beneficial for the Australian Dollar. The Democrats have have now gained power over the House of Representatives which will be a cause for concern for President Trump. They will now be able to severely limit new legalisation being passed. The Democrats will also have control of the Intelligence Committee, which means they will have the chance to scrutinise information regarding the allegations against the Trump administration in relation to...
Brexit news - Brexit talks going well - Pound to Australian dollar rate

Brexit news: Progress leads to rise in pound to Australian dollar rate

The Pound to Australian dollar exchange rate has hit 1.81 during the last week as it appears as though the Brexit issue is getting nearer to a conclusion. Will a Brexit deal be agreed in November? Last week UK Brexit Secretary Dominic Raab suggested that a Brexit deal could be agreed as early as November 21st, although Downing Street has vehemently denied the claims as speculative. However, I think there is no smoke without fire and I think as each day goes by the UK are...
Australian Dollar to pound - RBA interest rate decision

GBP/AUD Forecast: Pound Strengthens on Reports of Brexit Deal

The pound is making gains against the Australian dollar once again with GBP/AUD rates having pushed back over 1.80. The strength in the price of sterling is largely coming from renewed confidence in the ongoing Brexit negotiations. The Sunday Times this weekend have reported that a deal is very much underway and there is a growing chance that an emergency EU summit will now take place later in November. Brexit news: EU to change stance on Irish border? It has been reported that the EU's chief...
Will Pound to Australian dollar rates keep rising

Will GBPAUD exchange rates keep rising?

We are witnessing an improvement for Australian dollar buyers with pounds as the good news on a potential deal on Brexit filters through into the currency markets. This has provided the pound with a boost which has seen GBPAUD levels back over 1.80, providing some much needed good news for AUD buyers. The news for the pound is welcome but it is not definite just yet. We are still waiting for the arrangement to be completely finalised which would present the news that would really...
Further Brexit news will be important for the GBPAUD pairing

Further Brexit news will be important for the GBPAUD pairing

The GBP/AUD exchange rate is currently sat at a pivotal point of 1.80 on the markets and this pairing is most likely to be moved by any further Brexit news over the course of the day's trading. The reason for the slight kick back in the right direction for those looking to buy Australian dollars with pounds was the news emerging that a Brexit deal may well be getting ever closer. Rumours spread yesterday that Prime Minister Theresa May had agreed a deal with the...
Pound gains on the Aussie dollar owing to positive Brexit breakthrough

Pound gains on the Aussie dollar owing to positive Brexit breakthrough

Despite coming under pressure recently, the GBP to AUD exchange rate has gained by 2-cents in two-days moving up from lows of 1.7850 to 1.8050 at the time of writing. Much of this strength stems from some positive news for the UK which was released yesterday, after it's emerged that the UK and EU negotiators have agreed on terms that will allow the UK financial services companies to retain access to EU markets after Brexit. This sector is becoming more and more important to Australia...
Australian dollar falls after weaker inflation data

GBP/AUD forecast: Australian dollar falls after weaker inflation data

The pound has made gains across all of the major currencies today including the Australian dollar, after a sharp drop in the GBP/AUD exchange rate in recent weeks. Australian dollar weakness The Australian dollar has weakened after inflation data arrived weaker than expected, raising concerns for the Australian economy. Consumer Price Index inflation data released overnight fell to 1.9% down from 2.1%, which will be of concern to the Reserve Bank of Australia (RBA). The RBA is in no hurry to raise Australian interest rates...