Pound to Australian dollar forecast: MPs to vote on Brexit Bill early June

Pound to Australian dollar forecast: MPs to vote on Brexit bill early June

Brexit cross party talks break down UK Prime Minister Theresa May announced yesterday that she will put her Brexit deal to the House of Commons early next month. Over the last six weeks cross party talks have been ongoing and to date they appear to have failed. Members of the Cabinet warned the Prime Minister earlier in the week that agreeing to Jeremy Corbyn's customs union arrangement would split the Conservative Party in half and it appears that the PM has taken the advice on...

Australian elections less than a week away and the impact on the Pound vs...

We are now just less than a week away from when Australia will be going to the polls in another federal election down under. In the last twelve years we have seen a total of six different leaders of the country and this has caused problems for the Australian economy. This has caused a lack of continuity as with such limited time it does not allow a Prime Minister to conclude a lot of their electoral pledges. In the most up to date polls the...
Will the US-China trade war talks take a toll on the Australian dollars value?

Will the US-China trade war talks take a toll on the Australian dollars value?

The pound to Australian dollar rate remains close to highest levels seen in almost the past 3-years now, making the exchange of pounds into Aussie dollars an attractive proposition based in recent trading levels. RBA interest rate cuts on the horizon Many financial commentators had expected to see the Aussie dollar drop further recently, as the Reserve Bank of Australia was expected to cut rates although it decided to keep them on hold at the last RBA meeting. Interest rate cuts remain on the horizon, and...
Will Brexit happen this year and the impact on the pound against the Australian dollar

Australian dollar comes under pressure, could the pound break through 1.90 against the Australian...

This week pound to Australian dollar mid market exchange rates reached as high as 1.8870, which is the highest rate seen since the UKs referendum in 2016. This article will highlight the reason why pound to Australian dollar exchange rates are close to a 3 year high and the likelihood of GBP/AUD reaching 1.90 in the upcoming weeks and months. Since the start of the year the pound has gained traction against most major currencies including the Australian dollar as UK Prime Minister Theresa May...
RBA keeps rates on hold

RBA keeps rates on hold

The Australian economy has slowed of late due to several contributing factors. A key factor influencing the health of the Australian economy is a slowdown in Chinese growth. US China trade war impacting Australian dollar Australia are very reliant on the Chinese purchasing its goods and services. The US China trade was is impacting Chinese growth and in turn it is hitting the Australian dollar. Until recently it looked as though that there could be an end to the trade war with reports suggesting talks had...
Why is the RBA keeping interest rates on hold?

Why is the RBA keeping interest rates on hold?

The Reserve Bank of Australia kept interest rates on hold last night which helped the Australian dollar to pare back some of its recent losses against the pound. With the pound to Australian dollar exchange rate sitting at 1.86 at the time of writing. There were some expectations that an interest rate cut may happen this month but with the Australian election just a couple of weeks away I think that for the RBA to cut rates at the moment would have caused too much...
Potential for Bank of England interest rate hikes could push the GBP/AUD rate higher

Potential for Bank of England interest rate hikes could push the GBP/AUD rates higher

The monetary policy committee for the Bank of England yesterday chose to keep interest rates on hold, with all 9 voting members opting to keep rates on hold. The pound's to Australian dolar rate has remained relatively unchanged after the vote but the outgoing governor of the Bank of England did highlight that there could be more rate hikes in the near term future. Since his comments, which came after the votes, we've seen the pound climb slightly against most major currency pairs. UK economy...
GBP/AUD rates: Is this the turning point for pound to Australian dollar exchange rates?

GBP/AUD rates: Is this the turning point for pound to Australian dollar exchange rates?

The pound to australian dollar rate has seen sterling make reasonable gains against the Australian dollar over the course of this week and personally I feel that this has the potential to be the turning point for the currency pairing. Slow progress in Brexit cross-party talks Although there is still no clear progress with cross-party Brexit talks there does appear to be 'baby steps' in the right direction if we are to believe the media, and even the slightest piece of positive news is helping the...
Will the Reserve Bank of Australia cut interest rates in May?

Will the Reserve Bank of Australia cut interest rates in May?

The Reserve Bank of Australia will be holding their next monetary policy meeting to decide what to do next with interest rates. There is a chance that we could see an interest rate cut after last week's lower than expected inflation data. Inflation fell from 1.8% to 1.3% and with this being underneath the target level this is a big justification to cut rates as inflation is now sitting at a 2 1/2 year low. Indeed, when inflation fell as low as this previously the former...
Pound to Australian dollar Forecast - RBA to cut Rates?

Pound to Australian dollar Forecast – RBA to cut Rates?

GBP/AUD The Australian dollar has taken losses this week, falling to its lowest level against sterling this month and its lowest level in two months against the US dollar. The Australian dollar sell off has pushed GBPAUD to within four cents from the yearly highs. The Reserve Bank of Australia (RBA) has hinted at cutting interest rates due to a down turn in the Australian economy. The RBA have been reluctant make any change due to the potential impact to the already overheating property market, particularly...