Pound to Australian dollar Forecast - RBA to cut Rates?

GBP to AUD forecast: Will buying Australian dollars become cheaper in the weeks ahead?

Since the start of December GBP to AUD exchange rates have increased from 1.73 to 1.83 (5.78%). To put this into a monetary value a £200,000 transfer into Australian dollars generates our clients an additional $20,000 Australian dollars. Good opportunity for buying Australian dollars Those buying Australian dollars are experiencing improved rates at the moment for a few reasons. Firstly, the Australian housing market is under pressure once again. Early next month the Royal Commission are going to release their final report in regards to lending...
Trump trade optimism sends the Pound to AUD rate lower

Trump trade optimism sends the Pound to AUD rate lower

Hopes of trade war resolution increase The pound (GBP) to Australian dollar (AUD) rate headed north yesterday morning, as persistent fears of a no-deal Brexit were outweighed by news that Australian interest rates could be cut further. This, coupled with weaker-than-expected first quarter Australian house price index figures, caused the AUD to slip to its lowest level in around a decade. A phone call between US President Donald Trump and Chinese President Xi Jinping enabled the AUD to regain some momentum later in the day. Hopes...
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...
Will the Reserve Bank of Australia cut interest rates in May?

Will the Reserve Bank of Australia cut interest rates in May?

The Reserve Bank of Australia will be holding their next monetary policy meeting to decide what to do next with interest rates. There is a chance that we could see an interest rate cut after last week's lower than expected inflation data. Inflation fell from 1.8% to 1.3% and with this being underneath the target level this is a big justification to cut rates as inflation is now sitting at a 2 1/2 year low. Indeed, when inflation fell as low as this previously the former...
RBA keeps rates on hold

Boris and Davis resignations could lead to Torie Leadership Challenge

GBP/AUD – The progress of Brexit negotiations is a key factor in the value of GBP/AUD. The resignation of chief Brexit negotiator David Davis and Boris Johnson does not bode well for Sterling. After Theresa May released her intentions for Brexit, David Davis announced he thought the deal was “unworkable” and quit. Angela Merkel has also stated the deal is unworkable. Despite this the Pound remained robust against the Aussie and we did not see any significant falls. The concern is that Johnson could try and oust...
GBP to AUD forecast: Will the next Parliamentary Brexit vote affect GBP/AUD?

What can we expect ahead on GBPAUD exchange rates?

Clients looking to buy or sell the pound against the Australian dollar have been presented with some of the best rates since the Brexit vote lately, with GBPAUD levels rising above 1.80. This could all very quickly change if we see anything negative arising from the Conservative Party Conference which continues this week. The big driver on the GBPAUD pairing is of course the latest twists and turns on Brexit, it is no secret that many Conservative Party members do not like which path Theresa...
Could a Reserve Bank of Australia interest rate cut offer GBP/AUD some support

Eventful day for GBP/AUD pair results in almost a 2-cent move in 1-day!

The Pound to Aussie Dollar hit its highest level in around 5-months in the early hours of this morning's trading session, as the pair touched 1.84 earlier. Since the Brexit vote, the highest the level has reached has been 1.85 so today's market movement is significant, and has been bought on mostly from AUD weakness as opposed to Sterling strength, as many of our regular readers will be aware. Sterling is under pressure at the moment, and mostly driven by Brexit related news rather than...
GBP to AUD rates: Will Sterling get back to 1.80 against the Australian Dollar?

Further Brexit news will be important for the GBPAUD pairing

The GBP/AUD exchange rate is currently sat at a pivotal point of 1.80 on the markets and this pairing is most likely to be moved by any further Brexit news over the course of the day's trading. The reason for the slight kick back in the right direction for those looking to buy Australian dollars with pounds was the news emerging that a Brexit deal may well be getting ever closer. Rumours spread yesterday that Prime Minister Theresa May had agreed a deal with the...
Brexit limbo hurting the pound

GBPAUD falls from the mid 1.80s

Considering the current state of Brexit negotiations, I wouldn't be surprised to see GBPAUD fall below 1.80s in the upcoming weeks. A Government watchdog this morning has warned that the UK will pay the price if the UK fail to secure a deal, and to expect queues and delays at the borders, as the UK are not prepared for a no deal Brexit. At the moment the UK Government are suggesting that 95% of the Brexit deal is agreed, however the Irish border remains the...
Brexit limbo hurting the pound

Value of Aussie dollar driven up by GBP weakness rather than AUD strength

GBPAUD exchange rates have dipped during Friday’s trading, with the Pound falling back below the key resistance level of 1.80. The Pound had at one stage threatened to make a sustained move back towards 1.85, but once again investors have started to turn their backs on GBP, as fears over the UK’s current Brexit plan once again prove to be its undoing. It has become clear that investors' risk appetites are being driven by the chance of a deal, or in this case a no-deal scenario...