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

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 rate AUD makes gains against Sterling

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 Sterling begins the week on the back foot as no deal Brexit plans increase

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 Sterling begins the week on the back foot as no deal Brexit plans increase

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...
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...
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 exchange rate Sterling improves against the Australian Dollar after Boris effect

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...
A breakthrough in the Brexit negotiations?

Australian housing market a concern for Australian dollar sellers

It's been a tough week for the Australian dollar exchange rates as credit rating Fitch suggested further falls are on the horizon for house prices in Australia. Fitch is seen as one of the three big credit rating agencies that give forward guidance and they are predicting that another 5% fall for the housing market within the next 12 months. It's key to note that since the housing market started to decline in recent years we have seen a 6.7% fall across Australia. The decline...