Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

Pound hits 4-month high against the Aussie Dollar, what’s driving the rate at the...

Overnight we've seen the GBP/AUD exchange rate hit a 4-month high, after the pair hit a high of 1.8361 in the early hours this morning. For those of our readers planning on making currency exchanges involving the Pound and Aussie Dollar, it's worth noting that the current rate is also around the highest levels since June of 2016 when the Brexit vote actually took place, making it an attractive time to make the exchange based on recent historical levels. The annual low is 1.6685 to...
PM to meet outgoing EU President Jean-Claude Juncker today

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 Outlook with Boris Johnson as Prime Minister

UK data due out this week could determine whether the BoE will hike rates...

Sterling strengthened on Friday against the Australian Dollar as well as a number of other major currency pairs, reversing some of the losses from earlier in the week. The reason for the strong performance from the Pound can be put down to the upward revision of UK GDP in the first quarter of this year. Economic output was previously considered to be 0.1% although this figure has been upgraded hence the strengthening Pound. The improvement in the figures is likely to result in an improved...
Pound to Australian Dollar forecast GBPAUD rates see movement as a possible Brexit extension is on the horizon

GBP to AUD Forecast: How will GBP/AUD rates perform this January?

In this GBP to AUD forecast I discuss the expectations for the GBP/AUD exchange rate in January. Rates are likely to be largely dependent on the outcomes from the two biggest drivers on the currency markets at present, namely Brexit and also the Trade Wars. Trying to predict these factors is no easy feat and clients relying too much on one particular outcome, might be wise to consider all eventualities. The January 14th Parliamentary vote on Theresa May's Brexit will be a huge factor in...
Pound to Australian Dollar exchange rate RBA opts to cut interest rate down to record 0.75% resulting in a drop for AUD exchange rates

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...
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...
Pound to Australian Dollar exchange rate Sterling hits 3 month high vs Australian Dollar after RBA minutes

Pound to Australian Dollar exchange rate: Sterling hits 3 month high vs Australian Dollar...

GBP/AUD exchange rate movement as Australian interest rates reach record lows: Could the RBA cut interest rates even further? The pound to Australian dollar exchange rate strengthened once again overnight after the Reserve Bank of Australia (RBA) released their minutes. The RBA suggested that they may be consider cutting rates again in the near future. Interest rates are at their lowest level in history in Australia and if further rate cuts happen then this could lead to problems for the Australian dollar. The central bank has...
Pound to Australian Dollar rate AUD sell off continues despite ongoing Brexit uncertainty

Pound to Australian Dollar remains below 1.80 for now, could Sterling see further falls?

Australian Dollar continues to outperform Sterling Despite the Reserve Bank of Australia cutting its interest rate on Tuesday down to the lowest level in its history (1%), the Australian dollar remains strong and yesterday it was actually the strongest performing currency within the G10 group of currencies. The recent strength for the Aussie dollar has pushed the GBP/AUD pair below the 1.80 level which had previously been a psychological level of support but now that we've seen the pair break below this level it looks like...
Pound to Australian Dollar exchange rates Should I buy Australian Dollars now?

GBP to AUD rates begin the week at 1.83 after losing almost 2% last...

After a strong start to the year for GBP exchange rates we saw a sell-off in the currency's value last week as the path to Brexit becomes more complicated, and the UK failed to leave the EU on the expected date of the 29th March. At the time of writing, the pair are trading at 1.8328 after dropping into the later 1.82's earlier this morning before recovering somewhat. The downward pressure on the pound increased last week after UK Prime Minister Theresa May lost a...
GBP/AUD rates: Is this the turning point for pound to Australian dollar exchange rates?

GBP/AUD rates: Is this the turning point for pound to Australian dollar exchange rates?

The pound to australian dollar rate has seen sterling make reasonable gains against the Australian dollar over the course of this week and personally I feel that this has the potential to be the turning point for the currency pairing. Slow progress in Brexit cross-party talks Although there is still no clear progress with cross-party Brexit talks there does appear to be 'baby steps' in the right direction if we are to believe the media, and even the slightest piece of positive news is helping the...