Pound to Australian Dollar exchange rate Sterling continues to lose value as economic concerns increase along with likelihood of No deal Brexit

Pound to Australian Dollar exchange rate: Sterling continues to lose value as economic concerns...

The Australian dollar to pound exchange rate is trading at its strongest level in 7-months at the moment, as the gradual decline in the pounds value is picking up steam ahead of the vote from the Conservative Party regarding the next leader of the political party. Pound to Australian Dollar exchange rate: Political uncertainty weighing on Sterling At the time of writing the pair are trading just below 1.77, after recovering slightly from the low of 1.7667 earlier this morning. You would have to go back...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

Pound to Australian Dollar forecast: Reserve Bank of Australia minutes, will interest rates be...

The pound to Australian dollar exchange rate has fallen lower again with rates for the GBP/AUD pair sitting at 1.7760. The recent sharp drop has provided an excellent opportunity for those looking to sell Australian dollars to buy pounds. RBA minutes: Suggestion of further interest rate cuts? The Reserve Bank of Australia minutes released overnight suggest that the RBA is ready to cut rates further if it deems it necessary. The RBA has now seen two back to back interest rate cuts taking the headline level...
Pound to Australian Dollar forecast Will GBPAUD rates test new lows?

Pound to Australian Dollar forecast: Will GBP/AUD rates test new lows?

Chinese economy producing mixed bag of data: How have the currency markets interpreted this data? Chinese GDP (Gross Domestic Product) has given the market something to think about with a mixed picture generated, following the year on year figure sinking to new lows but month on month growth surprising. The Aussie is stronger against sterling presenting the market with more food for thought in terms of how it views the longer term direction of the Chinese economy. The news has helped the Aussie to rise,...
Pound to Australian Dollar exchange rate GBP/AUD continues to trade towards its lowest levels of 2019

Pound to Australian Dollar exchange rate: GBP/AUD continues to trade towards its lowest levels...

GBP/AUD pairing tests 1.79 exchange rate The pound to Australian dollar exchange rate has continued to fall through July so far, and at the time of writing the rate is testing the 1.79 support interbank level once again. Ever since the pair dropped below 1.80 at the beginning of the month, they have remained below this benchmark level and moving forward I think it's likely that they will remain below 1.80 until there is a turnaround in the UK's economy and also a bit more...
Pound to Australian Dollar exchange rates Will the Pound fall further against the Australian Dollar?

Pound to Australian Dollar exchange rates: Will the Pound fall further against the Australian...

What has happened to Pound to Australian Dollar exchange rates? Since the start of May, the pound has had a torrid time against all major currencies including the Australian dollar. Mid-Market exchange rates at the beginning of May were trading close to 1.8850 and at the time of writing this report, exchange rates have dropped to 1.7975. To put this into monetary value an AUD$300,000 purchase now costs clients an additional £8,000. Bad news for any client looking to purchase Australian dollars, good news for...
Pound to Australian Dollar exchange rate Sterling and Australian Dollar at pivotal point of 1.80

Pound to Australian Dollar exchange rate: Sterling and Australian Dollar at pivotal point of...

Both sterling and the Australian dollar appear to be locked in battle at present as the pound to Australian dollar exchange rate continues to rise and dip just above and just below 1.80. Conservative Party leadership TV debate: Boris Johnson reaffirms plan to leave EU by October 31st On the sterling side of things, a no deal Brexit is still very much looking on the cards and last night during the Conservative party leadership debate in the UK, the hot favourite Boris Johnson once again retained...
Pound to Australian Dollar rate AUD makes gains against Sterling

Pound to Australian Dollar rate: AUD makes gains against Sterling

Easing tensions in US China trade war: Does this provide the Aussie Dollar with some support? The Australian dollar has made gains of late against the majority of currencies due to several contributing factors. The US/China trade war is currently going through a tentative truce stage which has eased investor concerns on commodity based currencies such as the Australian dollar. Due to Australia's heavy reliance on China purchasing it's exports the truce has seen investors regains some confidence in the Aussie dollar. RBA interest rate rumours There...
Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

The pound to Australian dollar exchange rate has fallen lower with rates having briefly dropped below 1.79 this morning for the GBP to AUD pair. Sterling lower as no deal Brexit becomes credible possibility Brexit continues to drive the price of sterling lower as a no deal Brexit outcome has become a credible possibility. Conservative favourite for Prime Minister, Boris Johnson is expected to push forward the prospect of a no deal to ensure that Britain does in fact leave the European Union by the latest...
Pound to Australian Dollar Outlook - GBP/AUD Rates Fall below 1.80

Pound to Australian Dollar Outlook – GBP/AUD Rates Fall below 1.80

The pound to Australian dollar exchange rate has fallen lower with rates for GBP vs AUD having fallen below 1.80 for the pair. Brexit dominates the British news and continues to act as a dampener for sterling exchange rates. Since the resignation of UK Prime Minister Theresa May the pound has dropped lower against the Australian dollar, as the Conservative leadership has put forward hopefuls Boris Johnson and Jeremy Hunt for the position of Prime Minister. The Conservative leadership contest for the top job...
Pound to Australian Dollar rate AUD makes gains against Sterling

Pound to Australian Dollar exchange rates: AUD hits six-month high against GBP

Fears of No Deal Brexit continue to weigh on Sterling The pound to Australian dollar exchange rates had fallen below 1.79 this morning, with the pound coming under increasing pressure this week. Sterling has seen its value decline of late, as fears of a no-deal Brexit continue to sap investors risk appetite for the pound. The current downturn against the AUD, which has seen the pounds value tumble below 1.80, is a stark reminder of the current uncertainty around the UK economy. The AUD is now trading...