Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

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...
Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

Australian Dollar Takes a Hit Due to Global Geopolitical Tensions Whilst the Pound Stays...

The start of the week saw the Aussie Dollar take a tumble amidst the rising tensions between the US and Iran. The increase of global geopolitical tensions have spelled bad news for AUD as it is a risk and trade-correlated currency which had recently rallied on the hopes of a recovering global growth outlook and boosted trade relations. However, with the US sending further threats to Iran as a retaliation deterrent, AUD looks to suffer further. Meanwhile, GBP has started the New Year and...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

GBP to AUD Forecast: Australian Dollar Outlook for 2020 Looks Bleak, Economists Suggest Slow...

The AUD has not had the best year in 2019, with lowered interest rates, an above target unemployment rate and lowered spending all combining for a slow year. Economists have warned that 2020 does not look like it will shape up to be much better than 2019. More interest rate cuts are expected, and the outlook is being pinned as better than 2019, but still below potential. They have further stated that the biggest potential surprise could be if the economy picks up at...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

May interest rate hike from the BoE now in question

BoE Interest Outlook weakens Sterling After recent gains for the pound against the majority of major currencies we have seen the fragility of sterling demonstrated. We have seen a fall in inflation, retail sales and GDP. GDP fell to a five year low at 0.1%. A rate hike from the Bank of England (BoE) was largely factored into the exchange, but following a host of poor data we could see a hike delayed and this is the cause for the current fall in the Pounds...
Why is the RBA keeping interest rates on hold?

Why is the RBA keeping interest rates on hold?

The Reserve Bank of Australia kept interest rates on hold last night which helped the Australian dollar to pare back some of its recent losses against the pound. With the pound to Australian dollar exchange rate sitting at 1.86 at the time of writing. There were some expectations that an interest rate cut may happen this month but with the Australian election just a couple of weeks away I think that for the RBA to cut rates at the moment would have caused too much...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

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...
GBP/AUD Forecast - Westpac banks economic forecasts cause a sharp sell-off of AUD

Will the Pound break past 1.80 this month?

The Pound vs the Australian Dollar has remained in a very tight range over the last couple of weeks desperately trying to break towards 1.80 but each and every time it gets close it tends to fall short. The trade tariffs introduced recently between the US and China have not boded well for the Australian Dollar as any negative news tends to cause a problem for the Aussie Dollar as China is Australia's largest trading partner. The US have continued on their path of raising interest...
Pound to Australian Dollar outlook Will GBPAUD levels rise or fall this week?

Pound gains on the Aussie dollar owing to positive Brexit breakthrough

Despite coming under pressure recently, the GBP to AUD exchange rate has gained by 2-cents in two-days moving up from lows of 1.7850 to 1.8050 at the time of writing. Much of this strength stems from some positive news for the UK which was released yesterday, after it's emerged that the UK and EU negotiators have agreed on terms that will allow the UK financial services companies to retain access to EU markets after Brexit. This sector is becoming more and more important to Australia...
Pound to Australian Dollar Review- How will GBP/AUD react to November's news?

Pound to Australian Dollar Forecast: RBA Less Likely to Cut in 2020

The sterling vs Australian dollar interbank exchange rate stands at 1.8902 today, close to its weakest in five weeks, or since November 13th. The pound has weakened versus the so-called Aussie dollar, in part because the Reserve Bank of Australia (RBA) now looks less likely to cut Australia’s interest rates below their current 0.75%, early next year. This is because, earlier this week, we learnt that Australia’s unemployment rate unexpectedly fell by -0.1% in November, to 5.2%, as Australia’s businesses created a bumper 39,900 jobs. This...
Pound to Australian Dollar rate Tory leadership to take centre stage for GBPAUD exchange rates

Pound to Australian Dollar rate: Tory leadership to take centre stage for GBP/AUD exchange...

The main talking point this week which will influence pound to Australian dollar exchange rates is the Tory leadership contest. Tomorrow morning we will find out if the 160,000 Tory members have voted in favour for Boris Johnson or Jeremy Hunt. The polls and bookmakers have hard line Brexiteer Boris Johnson as clear favourite. Sterling struggles against the Australian Dollar: Brexit uncertainty weighs on Sterling It's been a tough couple of months for the pound against the Australian dollar with exchange rates dropping 11 cents....