Pound to Australian Dollar Forecast - Will GBPAUD rise or fall on the Brexit?

Pound to Australian dollar Forecast – Will GBPAUD rise or fall on the Brexit?

Brexit is becoming a more and more uncertain event with the potential outcomes changing by the day. In some cases, the pound has been untradeable as investors avoid the currency for fear of being wrong footed by any sudden shifts in the currency markets. GBPAUD levels have been excessively volatile in 2019 and since the EU Referendum vote in 2016, it appears likely that the volatility could continue until the end of March and into April. GBPAUD levels have ranged between 1.77 and 1.88 this...
GBP/AUD Forecast - Is the pound likely to make a move back towards 1.85?

GBP to AUD Rate Spikes to 1.85 on Brexit Backstop Developments

The pound to Australian dollar exchange rate has risen further after a solid of week of gains largely driven by Brexit developments. Last night saw a further spike for the GBP to AUD rate on reports that the Democratic Unionist Party would support Theresa May’s deal if there is a time limit on the backstop. This is a big development as the Government rely on these votes to support votes in the House of Commons. However there is no sign from the EU that there...
GBP/AUD Forecast - Is the pound likely to make a move back towards 1.85?

GBPAUD Forecast; Will GBPAUD levels spike above 1.80?

The Australian dollar has weakened sharply after Australian GDP (Gross Domestic Product) data saw fresh concerns over the Trade Wars weigh on the AUD. This highlights just how volatile this pairing is after moving close to 6 cents in just a week. The pound to Australian dollar exchange rate could be about to enter an extremely volatile session as we get closer to the Parliamentary vote on Brexit in the House of Commons next week. The pound has been under real pressure against a much...
Pound to Australian Dollar forecast: The impact of the Brexit vote next week

GBP/AUD forecast: UK PM’s Future in Doubt

Theresa May faces leadership challenge The Tories have triggered a vote of no confidence in Theresa May, which causes further uncertainty surrounding Brexit. The 1922 Committee chair, Sir Graham Brady has now received more than the 48 letters required from Conservative MPs for a leadership challenge. Sir Brady has stated there will be a ballot this evening. Over 20 Conservative back benchers have publicly announced their letters of no confidence have been submitted, among those are several prominent figures of the Tory Party. Former Brexit minister...
GBP/AUD Rates Continue to Trade Around a Two Year High

GBP/AUD rates continue to trade around a two year high

GBP/AUD rates touched 1.8622 overnight but have fallen back this morning, with the pound trading around 1.8540 by the opening of European trading. The pound has found plenty of support against AUD of late, despite the on-going uncertainty surrounding Brexit talks. A combination of external factors has helped drive the pound's value up to a two year high against AUD, providing clients holding GBP with an excellent window of opportunity to exchange their funds. Reports last week and over the weekend have indicated that a Brexit...
Australian dollar up against the pound but could have problems next week with Australian inflation data

Brexit uncertainty keeps the Pound from improving against the Australian Dollar

The Pound against the Australian Dollar has opened up by moving positively throughout this morning's trading session after a rather volatile week last week. Global investors are clearly wary of the slowdown in China and this is being reflected in the Australian economy. With US-China Trade Wars still not fully resolved the appetite of a global investor has waned towards the more commodity based currencies including the Australian Dollar, New Zealand Dollar and South African Rand, which have all weakened over the last few days against...

Improvements for the Pound but are They Sustainable Under Current Market Conditions?

It’s been a positive day for Sterling, which has made gains against a host of the major currencies. GBP/EUR rates have moved back above 1.14, hitting a high of 1.1462 earlier today. GBP/USD rates have also spiked towards 1.34, although the greenback has manged to find plenty of support just under this threshold. There were also significant gains against the commodity-based currencies, with GBP/AUD, GBP/NZD & GBP/CAD rates all rising by more than a cent. The Pound received a boost yesterday following the release of better...
GBP to AUD forecast: Further positive signs for the Pound vs Australian dollar

Pound to Australian dollar rate rockets after RBA reverses its position on interest rates

The Pound to Australian dollar rate has taken a nose-dive after the Reserve Bank of Australia (RBA) gave opposing signals following the latest interest rate decision to hold rates at 1.5% as expected. The central bank had initially been more dovish following the meeting and focused on inflation, indicating it should hit 2.25% by 2020. This actually resulted in some gains for the Australian dollar. However the RBA made a further statement later on which caused the Australian dollar to weaken by over 1.6%...
GBP/AUD Forecast - Is the pound likely to make a move back towards 1.85?

Sterling Australian Dollar exchange rates stable as we potentially head towards Brexit deal

The Pound has remained fairly stable against the Australian Dollar over the course of the trading week and the exchange rate has not managed to move too far away from the 1.80 level. Currently it looks like the UK are heading ever closer to negotiating an initial deal with the EU and rumours that hit the wires yesterday suggested that there is not a timeline in place for Theresa May and Brexit negotiator Dominic Raab to start the ball rolling and take one step closer...
RBA Meeting Minutes and the EU Summit set to dominate GBPAUD exchange rates

RBA Meeting Minutes and the EU Summit set to dominate GBPAUD exchange rates

The Reserve Bank of Australia will announce their latest Central Bank meeting minutes tonight which is likely to reinforce their policy decision to keep interest rates on hold again, owing to the global uncertainty and the current trade wars between the US and China. The Australian dollar has weakened during the course of this year against both the US dollar and sterling, and the disparity between the Australian interest rate compared to the US interest rate is now currently at 0.75% which is the biggest...