GBP AUD Lower as UK Mortgage Approvals Slow

GBP AUD Waits for Central Banks at Key Level

The GBP AUD exchange rate soared into the weekend and now trades at highs last seen in August. The pair will now wait for the central banks to announce their latest thoughts on monetary policy with the RBA on Tuesday and the Bank of England on Thursday. The GBP to AUD rate starts the week at 1.9017 and interest rates will decide whether this is a new trend or a high. Reserve Bank of Australia goes first in pivotal week Australia’s central bank will likely end its...
GBPAUD Rate: Pound to Australian Dollar Falls After Weak UK Services Data

Theresa May urged to consider alternative Brexit deal

May remains defiant Secretary of State for International Trade, Liam Fox and another senior Tory MP, Damian Hinds, both considered close allies of Theresa May, have called for a vote in the House of Commons on possible alternatives to the PM's current Brexit deal. The alternatives to be considered are wide ranging, from a Norway plus deal to a potential no deal. The PM is currently standing behind her own deal despite being stone walled by Brussels. Jean Claude Junker, European Commission President stated the following: "We don't...
GBP AUD Lower Ahead of Australian PMI Data  

GBP AUD Recovers from Three-Day Slump

The GBP AUD exchange rate was higher by 0.35% as the pound sterling versus Australian dollar recovered from sharp three-day losses. Today sees the release of GDP numbers for the UK but the latest restrictions will remove any positives from the numbers. Traders now expect the Bank of England to wait until next year to raise interest rates. The GBP AUD exchange rate was trading at 1.8455 ahead of UK GDP numbers. Bank of England to wait out the coronavirus variant The Bank of England will likely...
GBP AUD Gains After RBA Speech on Rates  

Australian Dollar Weakens as Unemployment Increases Down Under, What Next for GBP/AUD?

The pound has gained against the Australian dollar in the early hours of this morning, pushing the GBPAUD close to the highest levels seen within the past 3 years and 5 months. Sterling Highs Against the Australian Dollar The highest levels seen since June of 2016 are 1.9093 and earlier this morning the pair reached a high of 1.8898 so the rate is getting close to testing those levels once again. The reason for the 0.5% gain so far today is mostly down to Australian dollar...
Pound to Aussie dollar rate hits a 2-week high as Australian data disappoints

Pound to Aussie dollar rate hits a 2-week high as Australian data disappoints

The Australian dollar has been sold off the morning after some disappointing inflation figures were released. The resulting sell-off pushed the pound to Aussie dollar up to 1.84 for a brief moment earlier this morning and this is the highest level seen in over 2-weeks. Economists have been predicting up to two interest rate cuts from the Reserve Bank of Australia (RBA) this year, and the weak inflation data this morning seems to have confirmed the forecasts for rate cuts as the weaker than expected...
GBP AUD Gains After RBA Speech on Rates  

GBP to AUD outlook – dollar supported on stronger data

The pound to Australian dollar exchange rate has held firm after gains seen this week, presenting those buying Australian dollars with a better opportunity despite stronger economic data from Australia. Australian retail sales for February rose 0.8% provided a boost for the high street and highlighting stronger consumer confidence. Specifically department stores, clothing and household goods all performed suggesting the average Australian is still happy to spend on the high street. At the same time Australia recoded a record trade surplus for February also adding...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

Bank of England sinks GBPAUD!

GBPAUD rates have had a busy day with the Bank of England meeting leading to a weaker Pound. The latest levels have now been trading in the 1.76's which is lower than the lowest point in 2 weeks. Sterling weakness is a factor, but also global sentiment has helped the Australian slightly. The main news today is the Bank of England interest rate decision. This has seen the raise of 0.25% as expected. This did not however help the Pound for long as Mark Carney's...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Could Boris Johnson’s meeting with EU President Juncker provide the Pound with a boost?

PM to meet outgoing EU President Jean-Claude Juncker The Pound to Australian Dollar rate appears to have consolidated north of the 1.80 benchmark over the past week with GBP/AUD hitting 1.82 at its highest stage earlier today. Since then the Pound has come under pressure, but it remains north of 1.80 which tends to be a key level for the pairing as those of our readers following the pair for some time will be aware. Sterling has begun the days trading under some pressure on what could...
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...
EUR GBP Moves Higher Ahead of UK GDP Update

Pound to Australian Dollar forecast: Will GBP/AUD rates test new lows?

Chinese economy producing mixed bag of data: How have the currency markets interpreted this data? Chinese GDP (Gross Domestic Product) has given the market something to think about with a mixed picture generated, following the year on year figure sinking to new lows but month on month growth surprising. The Aussie is stronger against sterling presenting the market with more food for thought in terms of how it views the longer term direction of the Chinese economy. The news has helped the Aussie to rise,...