GBP to USD forecast - Rates gain ahead of Brexit legal advice expected today

Sterling Exchange Rates Rally Close to 1.13 for GBP EUR

The pound continues to trade within a tight range as the markets still await new developments in the Brexit negotiations. The pound is currently trading at 1.1270 against the Euro and 1.39 against the US dollar having seen reasonable gains across the board today. Those clients looking to sell Euros for pounds have been presented with another good opportunity to convert. The focus is now largely on Brexit with the terms of the transitional arrangement expected to go through in the next couple of...
GBPAUD falls from the mid 1.80s

US-China Trade War limiting Sterling weakness

GBP/AUD - GBP/AUD remains range bound between 1.75-1.80, 1.80 acting as a resistance point. Despite Sterling taking more severe losses against other major currencies - the US Dollar for example - losses against the Aussie have not been so severe. This can be put down to the ongoing trade war between the US and China. Australia is heavily reliant on China purchasing it's exports. The trade war is likely to hit Chinese growth and in turn the Australian economy. China has vowed to match the US...
RBA Meeting Minutes and the EU Summit set to dominate GBPAUD exchange rates

Brexit news causes Sterling to fall against the Australian Dollar

The Pound has continued to drop against the Australian Dollar during the course of this week as the latest Brexit talks appear to be going the wrong way at the moment. According to the Retail Sales figure published yesterday, the UK economy was given a boost with the data showing a rise of 0.3% for the last month compared to the expectation of -0.2%. This would have typically given the Pound a boost against any foreign currency but as we have seen during the last few...
Pound to Australian Dollar Forecast: Will the Theresa May’s meeting in Brussels help the Pound?

Pound to Australian Dollar Forecast: Will Theresa May’s meeting in Brussels help the Pound?

In today's Pound to Australian Dollar Forecast we look at the events that are affecting GBP/AUD exchange rates now and what might impact the rate this week. Australian Dollar strength whilst the Pound weakens The Australian Dollar has recently hit its best level to buy Pounds in three months after a bout of both strength for the Australian Dollar combined with Sterling weakening during this period. The Pound has continued to struggle owing to the uncertainty of the ongoing Brexit news and this has caused the Pound...
Sterling advances Pound to Aussie dollar rate drops to 2-week low despite poor data out of Chinathe dollar despite US Unemployment hitting 49 yr low

Sterling Rates find Support having Fallen after the Bank of England Holds Rates

The pound suffered a poor performance following the Bank of England interest rate decision yesterday but has made a very small recovery since. Sterling exchange rates fell across the board yesterday on the back of the slightly more dovish commentary coming from the central bank. Although interest rates were held at 0.5% as widely expected the pound fell on the back of what was cited as an uncertain path with Brexit as well as the reduction in growth forecasts for 2018 which have been...
Pound to Australian dollar rates - When will the GBP AUD rate rise back over 1.80

Australian Dollar Moves on Turkey Developments

The Pound continues to see a volatile period against the Australian Dollar with a lack of clear direction as a result of mixed news and data coming from the British and Australian economies. The Pound still remains on the back foot in the Brexit limbo period whilst Parliament is asleep for the summer recess. Rates for GBP AUD had fallen to levels below 1.73 earlier in the week although a rally in recent days has seen rates push higher to over 1.75 for the pair. ...
Pound to Australian dollar rate remains north of 1.80 despite sterling jitters

AUD could be set for further weakness

This week will see the release of Australian unemployment data. Australia's economic performance is coming into question of late due to several areas under performing. The prediction is that there will be little movement in unemployment data and that the figure will remain around 5.3%. If the figure arrives away from expectations volatility can be expected. The Reserve Bank of Australia will be holding off on any rate hikes until we see improvements in wage growth and the concerns regarding cooling house prices are...
GBP/AUD Forecast - Will GBP/AUD rate rise or fall going into 2019?

GBP/AUD Forecast: Will GBP/AUD rate rise or fall going into 2019?

Our latest GBP/AUD forecast looks at the month ahead for the Pound to Australian dollar rate. The Australian dollar weakness that has seen over 5 cents movement in a week from 1.72 to over 1.77 could be a flavour of the kind of volatility that we can now expect in the weeks ahead as we approach some key pieces of news in the currency markets. GBP/AUD Forecast: Brexit and trade Wars key drivers for GBP/AUD rates The key factor is of course Brexit which I will...
Sterling advances Pound to Aussie dollar rate drops to 2-week low despite poor data out of Chinathe dollar despite US Unemployment hitting 49 yr low

US Tariffs on China and the impact for the Pound to Australian Dollar rate

The Pound versus the Australian Dollar has risen up past 1.79 this morning and potentially due to hit 1.80 over the next few days after US President Donald Trump's plans to impose a 10% tariff on US$200bn worth of Chinese imports. The tariffs are not set to be introduced just yet and will be reviewed over the next 2 months. However, Trump has also suggested that tariffs could rise to as much as US$500bn on Chinese imports which accounts for almost the whole amount of...
Will GBPAUD levels fall below 1.80?

GBP/AUD exchange rates at highest levels since May as risk appetite decreases

Sterling has hit the highest levels we have seen against the Australian Dollar in a number of months, as progress is reportedly going well with Brexit talks for the U.K and risk appetite around the world is dropping like a stone. The Australian Dollar really is having a tough time on the markets this week; there are growing concerns on how the emerging market currencies are performing which is leading to a huge sell off of so called 'riskier' currencies and the Australian Dollar is...