Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

GBP to AUD forecast: Brexit date and PM May’s deal likely to be the...

We're now just 4 days away from what's still the official Brexit date, although the significance of the 29th of March is likely to wane throughout the week as we should get a clearer picture of the UK's next steps. Last week during an EU summit in Brussels all 27 member states granted the UK an unconditional extension to Article 50, running up to the 12th of April. There will be another vote on Theresa May's Brexit deal before then according to reports, with some...
Pound to Australian Dollar Exchange Rate Weakens After Flash UK Services Data

GBP to AUD Exchange Rates: Dollar Weakness from Covid-19

The pound to Australian dollar exchange rate has fallen marginally lower today from its high of 2.0304 as coronavirus volatility continues to drive the GBP to AUD exchange rate. The Australian dollar is being particularly badly hit as the growth linked currency is taking the brunt of Covid-19. The Australian dollar generally performs badly in times of global uncertainty and this is being reflected in today’s price for converting Australian dollars into pounds. Whilst those looking to sell Australian dollars for pounds are feeling...
Pound to Australian Dollar Exchange Rate Summary: GBPAUD Rises to Two Week Interbank Highs

Australian Dollar Looks Set for Breakout to End the Year but 2020 Surrounded in...

AUD has had an up-and-down week, with uncertainty for the future being the main negative focal point for the currency. But optimism has been evident in places with Australian shares rising this week. The outlook for the Australian Dollar is enshrouded in uncertainty and investors are concerned with the direction the RBA may take with their monetary policies going into the new year. Slow Week for Australian Dollar, Uncertainties Remain but Optimists Look to Defy Negativity For AUD, the week has been relatively slower than most...
Pound to Australian Dollar Exchange Rate Weakens After Flash UK Services Data

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

The pound to Australian dollar exchange rate has fallen lower with rates having briefly dropped below 1.79 this morning for the GBP to AUD pair. Sterling lower as no deal Brexit becomes credible possibility Brexit continues to drive the price of sterling lower as a no deal Brexit outcome has become a credible possibility. Conservative favourite for Prime Minister, Boris Johnson is expected to push forward the prospect of a no deal to ensure that Britain does in fact leave the European Union by the latest...
GBP to AUD Rate Weakens as the Aussie Strengthens on Positive Economic Data

GBP to AUD Rate Weakens as the Aussie Strengthens on Positive Economic Data

The GBPAUD interbank exchange rate fell to a low of 1.8991 on the back of Australian dollar strength. Yesterday the Australian consumer price index year on year, came in better than forecast at 2.2% against a forecast 2%. Other data sets released this morning in Australia also came in better than expected including private sector credit for the month of March coming in at 1% against a previous reading of 0.5%. Yesterday only a couple of days after returning back to work, Prime Minister Boris...
GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

The pound continues to struggle following the news on Monday evening that Prime Minister Boris Johnson was moved into intensive care. Johnson’s health is important to the pound as he is seen as a competent and decisive leader who has been a guiding light to the UK during this pandemic. Following his third night in hospital he is believed to be responding well to treatment. Whilst the PM remains out of action it is business as usual for the government and Dominic Raab will chair...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

Pound to Australian Dollar forecast: UK General election and RBA interest rates

It's been another eventful 24 hours in the UK, as members of Parliament have voted in favour of a general election on the 12th December. Today the bill makes its way to the House of Lords and should be approved by the end of the week, which will mean the campaigning begins. The market reaction has been limited as it appears investors had 2nd guessed that an election was inevitable. How has the GBP/AUD rate reacted to election news? History tells us that general...
Pound to Australian Dollar Forecast: UK policymakers talk down the Pound

GBPAUD Rates Push Higher

The Pound continues its rally higher against the Australian Dollar with rates breaking over 1.83 for the GBPAUD pair. The times are changing now that Sterling has made material gains across a basket of currencies including the Australian and New Zealand Dollars. Much of the market movement is coming from a perceived better outlook on Brexit which is helping to lift the price of Sterling. Comments from the EU’s chief Brexit negotiator Michel Barnier suggest that a deal between Britain and the EU is...
RBA Cuts Interest Rates with More Cuts to Come as GDP Figure Beats Estimates

Pound to Australian Dollar Review: How will GBP/AUD react to November’s news?

Pound to Australian dollar exchange rates have been trending higher and lower owing to the ongoing uncertainty surrounding the outlook on Brexit and Trade Wars, these have been two of the central events on the pairing. GBP/AUD rates had risen to the highs of 1.91 on the 16th October, versus the post EU Referendum vote lows of 1.59. This move has been in part down to the delay or possible removal or no-deal Brexit as an option we might have ahead. How the UK elections are affecting...
Australian Dollar Retreats Against the Pound as Trump Threatens US-China Trade War

Pound to Australian Dollar exchange rate: Sterling remains under 1.80 as no deal Brexit...

Pound to Australian Dollar marooned under 1.80 as no deal Brexit fears continue The pound to Australian dollar exchange rate remains below the 1.80 levels with the GBP vs AUD interbank exchange rate sitting at 1.7820 this morning. Brexit remains a dominant factor which is keeping pressure on the price of sterling. Under the new leadership of Boris Johnson the chances of Britain withdrawing from the EU without a deal have increased which has been reflected in a decline in the price of sterling. This...