AUD Continues Bullish Run Following Global Virus Slowdown

Pound to Australian Dollar forecast: UK economy shrinks four times more than predicted

UK economy shrinks The Australian dollar (AUD) held steady against the pound (GBP) as Monday dawned, with markets closed for the day Down Under in celebration of the Queen’s Birthday. On Tuesday, the economy was boosted by news that Australian Business Confidence had surged from 0 to 7 in May, following Prime Minister Scott Morrison’s shock election win. The pound, however, had to contend with news that the UK economy had shrunk 0.4 per cent in April – four times more than analysts had forecast –...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

Pound to Australian Dollar forecast: Sterling still struggles against the Australian Dollar despite many...

The pound is still struggling against most major currencies including the Australian dollar as both sides of the currency pairing battle it out to be the best of a bad bunch. Since the sterling highs against the Australian dollar in May of 1.8881, the pound to Australian dollar exchange rate has fallen to current levels of 1.7688 due the increasing uncertainty over Brexit. New UK Prime Minister to be announced next week With the UK poised to announce a new Prime Minister next week there is...
GBP to AUD Rate Hits New 42-Month High as Tory Win Supports UK Outlook

Australia cuts interest rates but Pound to Australian Dollar rates fall

Yesterday as expected the Reserve Bank of Australia cut interest rates to 1.25% and expectations are growing of possibly two more interest rate cuts during the course of this year. What does the interest rate cut do for pound to Australian dollar rates? Indeed, the next two predictions are for August and November, so we could see a very different monetary policy by the end of this year. RBA governor Philip Lowe has come out to say that the central bank cut rates 'to support employment growth...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Aussie Dollar in for Further Losses as Coronavirus Numbers Rapidly Rise

The Aussie dollar is likely to come under increased selling pressure as coronavirus spreads and investors tread cautiously around risk currencies. The pound gained another 1.2% against the Aussie dollar last week and at one point, touched 2.0567 before ending the week at 2.0465 (interbank trading levels). Sterling has now gained more than 4.5% in the past month and gains could be extended in the coming weeks. With more than 1.2 million confirmed cases globally and approximately 65,000 deaths worldwide, coronavirus is continuing to rip...
GBPAUD Rate: Renewed Risk Appetite Continues to Benefit the Australian Dollar

GBP strengthens against AUD despite Brexit uncertainty

Sterling has gained ground against the AUD during Tuesday’s trading, despite yesterday’s unsettling developments inside the UK Government. UK PM Theresa May was fighting off questions today about the destabilisation of her Government, following the resignations of chief Brexit negotiator David Davis and Foreign Secretary Boris Johnson. GBP/AUD rates have bucked the expected trend however, with Sterling putting pressure on 1.79 at today’s high. The AUD did find plenty of support around this threshold, moving back below 1.78 this afternoon. The AUD, along with the other commodity-based...
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 Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

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

AUD Sees a Spike After Positive Home Loans Data Pound Sterling Sinks Following Flat UK Growth Figures in December Contact Us Yesterday saw the Australian dollar get back on track as it edged over the pound following positive news from its economic data front. The Australian home loans figure beat forecasts for December as the figure rose from -0.8% to 3.5%. The GBP/AUD exchange rate ended trading at around $AU1.925. Meanwhile, despite losing ground to AUD, GBP saw a solid recovery to start the...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

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...
Australian Dollar Volatile as it Awaits Labour Force Report as GBP Rises on BoE Rate Cut Bet Reversal

Australian Dollar Volatile as it Awaits Labour Force Report as GBP Rises on BoE...

Today will be an important day for the Australian dollar as it awaits its labour force report which is due later today. Recent dovishness from the Reserve Bank of Australia (RBA) has seen the Aussie suffer of late, and with the pressure piled on from the recent bushfires, the AUD investors will be hoping that the labour data can provide something for a turnaround. The Australian dollar has also been hit with the worries of the Coronavirus which has spread from China, investors are...
Pound to Euro Exchange Rates: UK GDP Released this Morning

GBP/AUD breaches 1.80

GBP/AUD - The Pound has struggled of late due to the lack of clarity surrounding Brexit. While a "no deal" scenario is still a possibility the pound stands little chance of making significant gains. UK trade secretary, Liam Fox recently said he thinks there is a 60% of a "no deal" situation and Reuters have it at a more modest but still worrying 25%. We did see Sterling make gains against the Australian Dollar yesterday following news that both Germany and UK has slightly changed...