Pound to Australian Dollar Exchange Rate Summary: GBPAUD Rises to Two Week Interbank Highs

Pound Hits New 41-Month High Versus Australian Dollar Ahead of UK Election

The pound to Australian dollar interbank exchange rate stands at 1.93 today. This is its highest in 41 months, or since June 24th 2016, the day after the UK’s referendum in favour of Brexit. The GBP to AUD interbank exchange rate has hit this new 41-month high, because the latest opinion polls continue to suggest that the Conservatives will win a majority, at the UK’s election this Thursday. According to the average of the latest polls, for example from Survation and BMG, the Tories have a...
GBP AUD Consolidates with UK Employment Due

Pound to Australian Dollar Exchange Rate: AUD Remains Under Pressure from Risk-Off Market Mood

The Australian dollar has been inundated with losses related to the outbreak of the coronavirus which originated in Wuhan, China, several weeks ago. The outbreak caused the Aussie to drop as the market’s sentiment switched to risk-off. As a risk sensitive currency this sent alarm bells ringing for the AUD and its investors. There has been volatility in the AUD concerning the coronavirus updates, with a sudden surge of optimism as scientists claimed to have found an effective treatment. But this spike in optimism...
GBP AUD Unchanged Despite Weak UK GDP Figures

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 GBPAUD rates see movement as a possible Brexit extension is on the horizon

Pound to Australian Dollar forecast: GBP/AUD rates see movement as a possible Brexit extension...

Pound to Australian Dollar exchange rates: Could another extension to Article 50 be granted? The pound to Australian dollar exchange rate has made gains as sterling has seen movement against the majority of major currencies following the news there is to be an Brexit extension set until 31st January. Generally speaking the higher the probability of a no deal the weaker you would expect the pound to become. Boris Johnson has previously used the threat of a no deal as ammunition to get a more favourable...
GBP AUD Weak as RBA Governor Signals 50bps Hike 

RBA Minutes Highlight Risk of Trade Wars to the Australian Dollar

The Australian Dollar has had a good start to the week making gains against the Pound in what is still a volatile period for the GBP AUD pair. The Australian Dollar still faces pressure from the ongoing trade wars stemming from the US and China. The latest minutes from the last Reserve Bank of Australia meeting have highlighted a growing concern over the latest tariffs which the US has imposed on China. With Europe now embroiled in the battle for trade the situation is by...
EUR GBP Moves Higher Ahead of UK GDP Update

Will GBPAUD levels drop back below 1.80?

Pound to Australian dollar exchange rates have been falling due to uncertainty from the outlook on Brexit and which direction events in the future will be taking. Clients looking to buy Australian dollars with pounds have a number of key events to be aware of which could easily see the pound losing value in the coming weeks; namely Brexit. On the Australian side, the possibility of some form of resolution in the Trade Wars might well see the Aussie rise further too. GBPAUD levels could...
GBP AUD Higher Before Central Bank Decision

GBP AUD Lower with Inflation at 20-Year High

The GBP AUD exchange rate was -0.36% lower on Wednesday after the release of Australian inflation figures. The latest data saw the inflation rate soaring to a 20-yr high of 5.1% and will stoke the fire of RBA rate hike expectations. The GBP to AUD was trading at 1.7570 with the pound sterling on the back foot again. Australian inflation soars to 5.1% on fuel and home building costs Headline inflation surged to 5.1 per cent in the first three months of the year in Australia, the...
GBP AUD Unchanged Despite Weak UK GDP Figures

GBP AUD Jumps with Higher Inflation Numbers

The GBP AUD exchange rate was almost 1% higher after the latest inflation reading from the UK. Analysts were expecting a reading of 6.7% but saw a 7% increase. The Bank of England may be pressured to act on rates if inflation keeps stretching beyond their 2% target. The day ahead has Australian employment figures for direction. The GBP to AUD is trading at 1.7600 and has resistance ahead as it tries to recover recent losses. UK inflation soars to 7% ahead of BoE interest rate...
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...
GBP AUD Stands Still at 1.7700 without Catalyst 

GBP AUD Looks for a Breakout from Range

The GBP AUD exchange rate starts the week around the 0.8620 level after a week trading between that level and 0.8400. The pair will now look for a catalyst to start a new trend. An emergency UK cabinet meeting over the weekend with reports of imminent lockdowns could be the deciding factor for the pair. The GBP AUD exchange rate had tested the 1.8620 price level after the BoE rate rise last week. Australia sees record surge in cases after border reopenings Australia has seen a record...