Pound to Australian Dollar Exchange Rate Weakens After Flash UK Services Data

Pound Sterling and Australian Dollar Left Flat After Disappointing Performances Add More Pressure

The GBP/AUD exchange rate stumbled yesterday after the pairing came under renewed pressure according to rating agency Moody’s. Both currencies have felt the pressure in recent weeks. GBP has come under scrutiny after recent dovish remarks from the Bank of England (BoE) saw the Pound sink. The UK also has upcoming economic data which may pile on the pressure as analysts warn that UK GDP could slow even further. Meanwhile, AUD has suffered after an underwhelming response to the global trade outlook. The market...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

Pound to Australian Dollar forecast: Yellowhammer Brexit document and ‘illegal’ parliament suspension to influence...

Pound to Australian Dollar rate: Has Boris broken the law? Yesterday the highest civil court north of the border ruled that Boris Johnson's decision to suspend parliament was illegal. Although the result came out this has done little to impact the pound to Australian dollar exchange rate. The next step in the ongoing saga will be next week when the Supreme Court meets to make it own decision. The hearing will take place on 17th September so pay close attention to this decision and its...
Pound to Australian Dollar Forecast: UK policymakers talk down the Pound

Pound to Australian Dollar forecast: Reserve Bank of Australia minutes, will interest rates be...

The pound to Australian dollar exchange rate has fallen lower again with rates for the GBP/AUD pair sitting at 1.7760. The recent sharp drop has provided an excellent opportunity for those looking to sell Australian dollars to buy pounds. RBA minutes: Suggestion of further interest rate cuts? The Reserve Bank of Australia minutes released overnight suggest that the RBA is ready to cut rates further if it deems it necessary. The RBA has now seen two back to back interest rate cuts taking the headline level...
Pound to Dollar Rate Pinned Down by Vaccine Concerns

GBP to AUD forecast: Further problems for the Australian dollar against sterling

The Australian dollar has lost further momentum against sterling as the latest Australian Growth numbers disappointed overnight. GDP for the quarter was released at 0.2% down 0.1% and GDP for the year fell by 0.2% to 2.3%. This data release puts further pressure on an economy that is already struggling. The slowdown in China due to the ongoing trade war with the US is causing investment to slow in Australia. The housing market in particular is under severe pressure and the Reserve Bank of Australia...
AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

Will GBPAUD levels rise or fall in 2019?

The Australian dollar has been weakening against sterling as the market takes it dissatisfaction on the Trade Wars and Donald Trump's comments over Christmas out on the Australian dollar. As a commodity based currency the Aussie dollar will rise and fall according to global attitudes to world trade. Expectations are high that Donald Trump will continue to pose a threat to the global economy, and a series of comments and tweets of late have put pressure on the Australian dollar. Since the main focus of...
Pound to Dollar Rate Pinned Down by Vaccine Concerns

Will GBPAUD exchange rates keep rising?

We are witnessing an improvement for Australian dollar buyers with pounds as the good news on a potential deal on Brexit filters through into the currency markets. This has provided the pound with a boost which has seen GBPAUD levels back over 1.80, providing some much needed good news for AUD buyers. The news for the pound is welcome but it is not definite just yet. We are still waiting for the arrangement to be completely finalised which would present the news that would really...
GBP Makes Gains Against AUD as Trade Relations Between China and Australia are Shaken

GBP to AUD weakness as iron ore hits 5 year high

The pound to Australian dollar exchange rate has made some small gains to start this week after a poorer performance from the GBP to AUD pair last week. The general move lower in the last couple of weeks has been influenced by a weaker pound due to continued Brexit uncertainty but also a stronger Australian dollar as commodity prices have spiked higher. In the UK, Brexit remains the single biggest driver for sterling exchange rates although news on this front it likely to be less...
Australian Dollar Retreats Against the Pound as Trump Threatens US-China Trade War

Will GBPAUD levels fall back below 1.80?

The Australian dollar was sold off this week owing to the prospect of Australian interest rates being cut in the future. This was in response to an ever growing concern of the negative effects from the trade wars which have seen the Australian economy take a hit from the disruption made to its biggest trading partner China, and global trade in general. Expectations for the Australian dollar now centre around which direction the market believes future interest rates will go. Overall, it seems that the...
Pound to Australian Dollar forecast GBPAUD rates see movement as a possible Brexit extension is on the horizon

What to expect when planning a GBPAUD transfer

When planning a GBPAUD exchange at present, my advice would be to expect the unexpected as there are many factors impacting the currency pair. Since the middle of the summer, the Pound has lost 10 cents against the Australian Dollar, however at times Australian Dollar buyers have been presented with spikes in the market to take advantage of. Regular readers will be aware that Brexit uncertainties have caused investors to hold off investing in the UK or even sell off their Pounds and move assets...
Pound to Australian Exchange Rate Forecast: Will GBPAUD Exchange Rates Fall Further?

GBP/AUD Rates Fall Back Below 1.85 as Prospect of a No-Deal Brexit Grows

GBP/AUD rates have fallen back below 1.85, following a tough couple of days for the pound. GBP positons were sold off in haste, following Brexit developments on Wednesday, which has inadvertently boosted the AUD’s value. Just as it seemed as though talks between the UK & EUR were progressing more positively, the markets were once again thrown into chaos. UK Prime Minister Theresa May confirmed that she had requested an extension to Article 50, which had subsequently been provisionally approved by the EU. Extension passed by the EU...