Pound to Australian Dollar rates

Pound to Australian Dollar rate hits 2-year high, where to next for GBP/AUD?

In early trading yesterday the GBP/AUD rate hit its annual high, which was also the highest level the pair have hit since the Brexit vote back in June of 2016. At its highest level it hit 1.8622 and at the time of writing the pair are now trading in the mid-1.84's so there has been a slight sell-off already since yesterday's spike. Those of our clients and readers planning on making currency exchanges from pound's to Aussie dollars are now able to trade at attractive...
Will GBPAUD levels fall below 1.80?

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...
GBPAUD nudges 1.80, where next?

GBPAUD nudges 1.80, where next?

The Pound to Australian Dollar exchange rate has nudged 1.80 but quickly retraced the steps owing to concerns over Brexit. The UK also suffered from some poor economic data today with Manufacturing data showing a fall in the PMI, Purchasing Managers Index data. What lies ahead for GBPAUD rates and what is the important news? The RBA (Reserve Bank of Australia), will release their latest interest rate decision this evening which could well be a market mover on the Australian Dollar exchange rate. Whilst no...
Will GBPAUD levels fall below 1.80?

Will the pound to Australian dollar rate fall below 1.80?

The pound to Australian dollar rate has been sliding as the market gets closer to understanding Brexit or the lack of progress on Brexit. Market uncertainties are leaning towards a no-deal Brexit which will cause more disruption to the UK economy and see the pound weaken in the future. Australian dollar strength The Australian dollar has also been rising as the market awaits further negative news on the Trade Wars which have so far not been to forthcoming. We have also seen Chinese GDP (Gross Domestic...
Pound to AUD Rates Supported after Coal Prices Fall on Weaker Chinese Demand

Australian Dollar bounces on lack of teeth in Trade Wars

The Trade Wars between the US and China have been a big driver on the Australian dollar exchange rate, moving the market according to the sentiments which are driving the levels. The Australian dollar has actually risen overnight as the market finds the tariffs imposed by both sides are not as bad as some had feared. Trump announced tariffs of 10% on $200 bn worth of Chinese imports, much less than the 25% many were expecting. China has responded to this with their own series...
GBP/EUR exchange rates creep up over the course of the trading week

Help Trading Sterling

The Pound Remains Fragile The pound has fallen significantly against the majority of major currencies following a host of poor economic data. This has put a halt to a rate hike from the Bank of England (BOE). It looks as though a rate hike this year is now unlikely. GBP/USD – Sterling has fallen heavily against the greenback, this is not just due to the poor monetary policy forecast from the BOE it is also due to positive news from the US. US Treasury bonds now...

Sterling Supported ahead of EU Summit

The pound has rallied against most of the major currencies today with a good move higher against the Euro in particular. Rates for GBP EUR have now broken above 1.13 having seen a high of 1.1345 earlier today. Next week is likely to be hugely important for sterling exchange rates ahead of the EU summit 22nd & 23rd March. The transitional agreement on Brexit is expected to be concluded ahead of the summit for it to be put forward to the EU commission for final...
GBP/AUD rate drops a little following RBA interest rate decision overnight

Australian Dollar Weakness as Global Trade Concerns Remain

The Pound has been pushing higher against the Australian Dollar over this last month with levels moving closer to the 1.80 target after a nasty dip from Mid-May onward which saw GBPAUD fall to a low of 1.7430. The reason for the recent drop in the Aussie is to do with the ongoing uncertainty surrounding the trade wars stemming from the US and China. The EU has also been drawn into the ring having this week targeted American brand Harley Davidson for EU tariffs....
Will GBPAUD rates rise above 1.80 again? Interest rates shifts will be key...

Will GBPAUD rates rise above 1.80 again? Interest rates shifts will be key.

The pound to Australian Dollar exchange rate dipped below 1.80 in May, largely as a result of the Bank of England not hiking interest rates but also because of rising speculation the RBA (Reserve Bank of Australia) might be considering to raise interest rates in the future. Such a shift in sentiment might well be about to take place again which could push the GBPAUD rate back above 1.80, if certain conditions are met. Interest rates drive the price of a currency in a similar...
GBP to AUD forecast: Will the next Parliamentary Brexit vote affect GBP/AUD?

Will the Pound to Australian Dollar exchange rate break through 1.80 again this year?

At the time of writing the Pound to Aussie Dollar buying rate is lodged just below the 1.80 mark, with its next move likely to offer the pair direction as the year progresses. The highest the pair have traded this year is 1.8448, and considering the pair have traded in the 1.60's over the past year we're still much closer to the annual highs than lows. This is something I think those of our readers exchanging Pounds into Aussie Dollars should consider, especially with the...