Australian Dollar Knocks Back Sterling as Risk Sentiment Recovers and RBA Keeps Cash Rate Steady

GBP/AUD Rates Trading Back Above 1.80 Following US Interest Rate Hike

GBP/AUD Rates: GBP has made inroads against the AUD over the festive period, with the Pound now trading back above 1.80 as we enter the last few trading hours of 2018. Sterling received a welcome boost following the US FED’s anticipated interact rate hike, at their recent policy meeting. As expected, the US FED raised rates by 0.25% and indicated that the markets could expect another couple of rate hikes next year. The latest rise means there is a growing disparity between the US interest...
Downward pressure on the Aussie dollar continues as US China trade war escalates

Will Brexit be delayed and the impact on the Pound against the Australian Dollar?

The Pound has remained strong versus the Australian Dollar since the turn of the year and at the moment I think we could see further gains for the Pound against the Australian Dollar. One of the big factors is what is happening in the UK concerning Brexit. According to a number of reports it appears as though the Prime Minister Theresa May could even be considering delaying Brexit by 2 months. The rumours have given the Pound a positive boost against a number of different currencies...
Pound to Australian Dollar outlook Will GBPAUD levels rise or fall this week?

Aussie dollar strengthens owing to positive Chinese data, will GBP/AUD test 1.80 anytime soon?

The pound has hit a 2-month low this morning, making the conversion of Aussie dollars into pound's a more attractive proposition especially when considering the GBP/AUD was over 1.88 within the past month. AUD took a shot in the arm in the early hours of this morning, as data released from its key trading partner has boosted positive sentiment surrounding the Australian economy moving forward. First quarter Gross Domestic Product, which essentially measures economic output grew by a larger amount than expected in China, with...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

Pound to Australian Dollar forecast: Lacklustre employment rate hampers Australian Dollar

Disappointing data Down Under The pound (GBP) to Australian dollar (AUD) rate crept over $1.83 for the first time since late May on Wednesday, following a surprising slump in consumer confidence Down Under. The disappointing reading – down from 0.6% to -0.6% – came despite the Reserve Bank of Australia’s (RBA) attempts to lift the economic gloom by cutting interest rates earlier this month. Even a strong showing from the Chinese consumer price index couldn’t shore up the AUD, with existing worries over the strength...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

Pound to Australian Dollar exchange rate: Sterling begins the week on the back foot...

Sterling exchange rates have got off to a poor start this week with the pound to Aussie dollar exchange rate trading down by 0.2% at the time of writing, and trading at 1.6250 on the interbank rate which is the day's low. Pound to Australian Dollar exchange rate: Boris clashes with the EU on Brexit The currency has dropped from Friday's trading session against all major currency pairs so far, and this is most likely down to the reports released over the weekend suggested that Boris...
GBP/AUD Rates Hinge on Deal or No Deal

Pound To Australian Dollar Forecast: GBP/AUD Rates Hinge on Deal or No Deal

What effects could a No Deal have on GBP? The pound to Australian dollar exchange rate has fallen lower today in a week which has been full of major Brexit developments in the UK. The pound continues to pivot on the whether or not a deal between Britain and the EU is possible. To put things into perspective Morgan Stanley Capital International have forecast a no deal Brexit could see sterling lose 10% whilst it could gain 8% if a breakthrough was found. Those with...
Australian Dollar Could Decline Further as Unemployment Spikes, Rate Cut Looms

Pound to Australian Dollar Exchange Rate at New 41-Month High

The sterling to Australian dollar interbank exchange rate has reached 1.9327 today. This is a new 41-month high, its strongest since the day after the UK’s Brexit referendum, on June 24th 2016. The GBP to AUD interbank exchange rate has hit this new 41-month high, because markets continue to factor in a high probability that Prime Minister Boris Johnson’s Conservatives will win a majority of seats, when Britons go to the ballot boxes this Thursday. In particular, the odds of a Tory majority win now stand...
GBP to AUD Forecast: Australian Dollar Remains Under Pressure Despite Coronavirus Pace Slowdown

GBP to AUD: How Could This Week’s Economic Data Weaken the Australian Dollar Against...

Despite a solid performance from the Chinese economy’s GDP in the fourth quarter of 2019, this was not enough for the Australian dollar to rally over the weekend. Investors are looking ahead to upcoming data releases for a boost. However, the market warns that the upcoming consumer confidence index for Australia may not return a favourable figure. Investors are also keen to observe the results from this Thursday’s labour market data as any negative outcomes will weigh heavy on the cautious Reserve Bank of...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

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...
Pound to Australian Dollar outlook GBPAUD back below 1.80

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...