GBP AUD After RBA Ditches Yield Control Program

Pound to Australian Dollar Exchange Rate: AUD Closes Gap on GBP with Record RBA...

The pound to Australian dollar (GBP/AUD) exchange rate held steady yesterday following the release of the Reserve Bank of Australia’s (RBA) emergency rate cut. The cut saw the rate drop from 0.50% to 0.25% in a shock cut which has left investors digesting the news well into today. Yesterday saw the GBP/AUD exchange rate trading at a level of AU$2.0232, despite being as high as AU$2.078 earlier in the session. Australia had already cut their rates earlier in the month from 0.75% to 0.50%,...
GBP to AUD Rate: Pound vs Australian Dollar Back Above 2, but Could Chinese Economic Data Support the AUD?

Australian Dollar Awaits Jobs Data Whilst Sterling Odds Are Favouring a 2020 Rate Cut...

The Australian dollar is awaiting news of jobs data which is set to be released later today. Overall trading has slowed as investors make their way into the holiday season and await further details to emerge from the US-China trade deal. Meanwhile, the UK has attempted to claw back some of the election gains which were lost post-election mainly due to the announcement that a hard Brexit deadline has been set by the UK PM Boris Johnson. But reports from economists suggest that the...
GBP AUD Makes a Move for the 1.8800 Level

Pound to Australian Dollar forecast: GBP stands its ground against the AUD

The major factor dictating pound to Australian dollar exchange rates at present is Brexit. Despite the fact Johnson's deal is unlikely to got through by 31st October, the deal has been well received. Sterling has held on to its recent gains with GBP/AUD currently sitting in the 1.88s, some of the best levels for Australian dollar buyers since May. Brexit delay PM Boris Johnson's hand has been forced to ask for an extension in accordance with the Benn agreement. Johnson had said he will take the UK...
Australian Dollar Retreats Against the Pound as Trump Threatens US-China Trade War

Pound to Australian Dollar forecast: Could the escalating tensions between the US and China...

Earlier this morning the pound to Australian dollar exchange rate traded close to the 1.80 interbank threshold which it has remained below for over a month now. The Australian dollar has been coming under pressure as the trade war talks between the US and China appear to have deteriorated quite drastically over the past few weeks. This has resulted in a sell-off within global stock markets. US stocks markets record biggest fall in 2019: US China trade war ramps up Yesterday, the Dow Jones fell by...
GBP AUD Lower After PMI Data for UK and Australia

Pound to Australian dollar rates: Why is the pound dropping against the Australian dollar?

This week the Reserve Bank of Australia (RBA) cut interest rates by 0.25bps. History tells us when a central bank cuts interest rates that tends to devalue the currency, however this week the pound has continued to lose value against the Australian dollar and many of my clients want to know why. AUD rates: US / China Trade talks positive for the Australian dollar At the G20 summit President Donald Trump of the United States and President Xi Jinping of China appear to have had...
RBA Meeting Minutes and the EU Summit set to dominate GBPAUD exchange rates

RBA Meeting Minutes and the EU Summit set to dominate GBPAUD exchange rates

The Reserve Bank of Australia will announce their latest Central Bank meeting minutes tonight which is likely to reinforce their policy decision to keep interest rates on hold again, owing to the global uncertainty and the current trade wars between the US and China. The Australian dollar has weakened during the course of this year against both the US dollar and sterling, and the disparity between the Australian interest rate compared to the US interest rate is now currently at 0.75% which is the biggest...
GBP AUD Lower as UK Employment Data Awaits

Australian Dollar strengthens after further stimulus promised by the Federal Reserve

The pound has started to fight back vs the Australian dollar after falling to 1.95 earlier this week. GBPAUD exchange rates are now trading above 2 and even broke through 2.01 on the Interbank level over the last few hours. The Australian dollar is heavily influenced by what is happening with China and with rumours circulating that things are slowing down in terms of the virus this has allowed the Australian dollar to show sings of improvement. The Australian dollar has also seen the benefit...
Australian Dollar Strengthens After Strong Inflation Data as GBP Faulters on BoE Decision

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...
Pound to Australian dollar forecast: Will GBP/AUD levels fall below 1.80?

AUD could be set for further weakness

This week will see the release of Australian unemployment data. Australia's economic performance is coming into question of late due to several areas under performing. The prediction is that there will be little movement in unemployment data and that the figure will remain around 5.3%. If the figure arrives away from expectations volatility can be expected. The Reserve Bank of Australia will be holding off on any rate hikes until we see improvements in wage growth and the concerns regarding cooling house prices are...
GBP/AUD Rates Hinge on Deal or No Deal

Pound To Australian Dollar Forecast: GBP/AUD Rates Hinge on Deal or No Deal

What effects could a No Deal have on GBP? The pound to Australian dollar exchange rate has fallen lower today in a week which has been full of major Brexit developments in the UK. The pound continues to pivot on the whether or not a deal between Britain and the EU is possible. To put things into perspective Morgan Stanley Capital International have forecast a no deal Brexit could see sterling lose 10% whilst it could gain 8% if a breakthrough was found. Those with...