Pound to Australian Dollar Exchange Rate: AUD Falls Further against GBP, Are Further Falls Expected?

Brexit news to influence GBP/AUD rates

The remained of this week is extremely important for sterling exchange rates, with the start of the EU Brexit summit earlier today. Should we get to the end of the week without a deal being agreed then it would not be a great surprise to see sterling exchange rates weaken quite considerably, on the flip side should we hear news that a deal has provisionally agreed then we may see a good boost to the value of the pound. Presently, if media reports are to be...
Pound to Australian Dollar Rate Back Below 2 but for How Long?

GBP to AUD Forecast: Australian Dollar Remains Under Pressure Despite Coronavirus Pace Slowdown

The Australian dollar exchange rate remains under pressure at the start of the week, trading flat against many other major currencies. The Aussie received some support from investors as the current statistics of the Covid-19 virus were analysed, showing a slowdown in the infection rate. However, things may be looking up for China and its related currencies like the AUD. The number of new deaths fell on Monday, suggesting a slowdown in the severity of the disease. Furthermore, the Chinese authorities have tightened their...
Pound to Australian Dollar Exchange Rate: UK Unemployment Surge Keeps GBP/AUD Muted

Pound to Australian dollar forecast: RBA cut interest rates, what next?

As the Reserve Bank of Australia (RBA) cut interest rates overnight, there is a fair bet that there could be even more cuts up ahead. Investors are bracing themselves for further uncertainty leading to the RBA taking the necessary decision to cut interest rates, to help stabilise the economy. In his commentary afterwards, Governor Robert Lowe, pointed out ‘subdued’ inflation figures, that have with rising unemployment created the conditions for a cut. Pound to Australian dollar rates have trickled down lower, presenting Australian dollar buyers...
pound feels the weight of political uncertainty as the election campaign commences

When shall I move?

Sterling Seller Strategy - GBP/EUR, GBP/USD and GBP/AUD GBP/EUR – Sterling is suffering due to the uncertainty surrounding Brexit. One of the key points of negotiation is whether or not the UK financial sector will have access to the single market following Brexit. This is proving to be particularly difficult. Theresa May’s proposal was for the UK to continue to have access to the single market and to abide by the highest standards of international laws. This was declined by Brussels. The French wish to attract...
Pound to Australian Dollar Exchange Rate: UK Unemployment Surge Keeps GBP/AUD Muted

GBP to AUD forecast: US and China reported to have fallen out again over...

It has been said that the talks between US and China have once again fallen out over the well publicised trade wars, which has weakened the Australian Dollar ever so slightly today. Both sides of the negotiations are essentially trying to get the best out of this deal that they can, and currently the U.S is apparently accusing China of 'stealing technology' also noting that it is unacceptable for China to 'dump their products' on the US. In return China are said to have suggested that...
Australian Dollar Could Decline Further as Unemployment Spikes, Rate Cut Looms

Pound to Australian Dollar Exchange Rate at New 41-Month High

The sterling to Australian dollar interbank exchange rate has reached 1.9327 today. This is a new 41-month high, its strongest since the day after the UK’s Brexit referendum, on June 24th 2016. The GBP to AUD interbank exchange rate has hit this new 41-month high, because markets continue to factor in a high probability that Prime Minister Boris Johnson’s Conservatives will win a majority of seats, when Britons go to the ballot boxes this Thursday. In particular, the odds of a Tory majority win now stand...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

GBP/AUD Forecast: Pound Strengthens on Reports of Brexit Deal

The pound is making gains against the Australian dollar once again with GBP/AUD rates having pushed back over 1.80. The strength in the price of sterling is largely coming from renewed confidence in the ongoing Brexit negotiations. The Sunday Times this weekend have reported that a deal is very much underway and there is a growing chance that an emergency EU summit will now take place later in November. Brexit news: EU to change stance on Irish border? It has been reported that the EU's chief...
Pound to Australian Dollar Exchange Rate: UK Unemployment Surge Keeps GBP/AUD Muted

Pound to Australian Dollar forecast: General Election could hurt the Pound

Pound to Australian Dollar Forecast The pound will likely remain fragile while we still lack clarity on Brexit. The gains made when Boris came close to getting a deal still remain apparent on the market. The general belief is that we are closer to a deal. The general election could be cause for concern for GBP sellers however. Historically during a general election the currency in question weakens due to the political uncertainty. In this situation the value of Sterling may fluctuate depending on which party...
Australian Dollar Exchange Rate Outlook: Weak US Dollar Allows AUD to Recover from Decade Lows

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...
Pound to Australian Dollar forecast GBPAUD rates see movement as a possible Brexit extension is on the horizon

GBP/AUD Forecast – Is the pound likely to make a move back towards 1.85?

GBP/AUD rates have fallen away from their recent high this week, with the pound failing to make any impression on the 1.85 resistance level. Sterling has once again felt the effects of the Brexit stranglehold, which continues to weigh heavily on investors' risk appetite for GBP. GBP/AUD Forecast Whilst its failure to make a run on 1.85 will be a disappointment to those clients looking to execute a purchase of Australian dollars, it has least for the time being found plenty of support above 1.80. This is now...