GBP AUD Lower as UK Mortgage Approvals Slow

Australian Dollar Hits 5-Month High, Whilst GBP Looks Unstable With Risk of No-Deal Brexit

As the markets return to work after the festive period, the break has been a positive one for the AUD which finds itself at a 5-month high. Meanwhile GBP has taken a tumble to a 4-week low after worries continue about the risk of a no-deal Brexit. The losses over Brexit concerns have reversed the previous gains experienced from the improved UK consumer confidence index. Optimism Surrounding the Australian Economy The Australian economy has been on the rise of late, the strong showing came off the...
GBP AUD Lower Despite Confidence at Pandemic Lows

GBP AUD Moves Lower After RBA Meeting Minutes

The GBP AUD exchange rate was lower by -0.13% after a predictably dovish set of RBA meeting minutes. The pound was unable to find buyers after a better-than-expected loss of jobs. Wage growth was seen lower than inflation and that is adding to the economic growth fears. The GBP to AUD rate was trading at the 1.8944 level after recent lows near 1.8800. Reserve Bank Still Adopting a ‘Patient’ Approach to Rates The Reserve Bank of Australia adopted a predictably dovish tone in their Tuesday release of...
GBP EUR Stuck in Range at 1.1700 Level

Pound to Euro Exchange Rates: UK GDP Released this Morning

The pound to euro exchange rate has fallen lower with rates falling to a low of 1.1292 for GBPEUR this morning whilst the pound to US dollar exchange rate has also fallen to a low of 1.2250. The pound has found some support following the UK Gross Domestic Product (GDP) numbers released first thing this morning. The data showed the UK economy contracted 2% in the first quarter but there was a noticeable sharp fall in the march numbers as to be expected. The...
GBP AUD Consolidates with UK Employment Due

GBP AUD Consolidates with UK Employment Due

The GBP AUD exchange rate was -0.10% lower on Monday as the UK economy awaits the release of employment figures. Markets are looking for a measly 5k jobs added to the UK, with only 10k in the previous month. Higher costs for business are slamming the brakes on hiring. The GBP to AUD trades at 1.7678 as it awaits the latest UK economic data. UK minister solves cost-of-living issue with ‘better paid job’ advice Tory MP Rachael MacLean suggested that UK citizens struggling with the cost-of-living crisis...
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...
GBP AUD Weak as RBA Governor Signals 50bps Hike 

GBP AUD Sees Resistance After Employment Data

The GBP AUD exchange rate was slightly higher on Tuesday after the UK saw 60k new jobs added to the economy, according to the ONS. That was lower than analysts’ expectations and real wages were also seen lower for the first time in over a year as the cost-of-living crisis heats up in the country. The GBP to AUD rate was trading at 1.8920 but is showing signs of resistance ahead of today’s inflation figures from the UK. UK employment rises but real wages lower due...
GBP AUD Gains After RBA Speech on Rates  

Brexit news to influence GBP/AUD rates

The remained of this week is extremely important for sterling exchange rates, with the start of the EU Brexit summit earlier today. Should we get to the end of the week without a deal being agreed then it would not be a great surprise to see sterling exchange rates weaken quite considerably, on the flip side should we hear news that a deal has provisionally agreed then we may see a good boost to the value of the pound. Presently, if media reports are to be...
GBP AUD Dips Again Ahead of BoE Rate Decision

GBP AUD Mixed as Bank of England Hikes Rates

The GBP AUD exchange rate was higher by 0.05% on Thursday with the pair giving up early gains to 1.9150. The Bank of England moved to hike interest rates again to 0.50% and forecast higher inflation figures in the months ahead. A squeeze on living costs in 2021 and 2022 has some traders fearing that there will be less headroom for further hikes from the BoE in the coming year. The GBP to AUD rate now trades at 1.9030 and a second failure at the...
GBP AUD Consolidates with UK Employment Due

GBP AUD Slides as Australian Employment Beats

The GBP AUD exchange rate was lower by-50% on Thursday after the latest Australian employment report was an improvement on forecasts. Markets had expected a gain of 43k jobs but the official number from the ABS was 64.8k, with a big drop in the unemployment rate to 4.2%. The GBP to AUD rate was trading at 1.8780 after failing to keep the highs near the 1.9000 level. Australian unemployment at 13-year low Australia’s jobless rate dropped to the lowest point in over 13 years as the economy...
GBP Continues to Decline Against AUD as Australia Looks to Ease Lockdown Restrictions

GBP Continues to Decline Against AUD as Australia Looks to Ease Lockdown Restrictions

The pound opens this morning lower still against the Australian dollar as risk appetite continues to return to the market. Having peaked at 2.0852 on March 19th the pound is now trading at 1.9254 – a decline of over 8pc in the past six weeks. Although seemingly disappointing at first glance, these levels are still some of the best trading levels that the pound has seen versus the Australian dollar since the EU referendum in 2016. For the UK, Prime Minister Boris Johnson’s returns to...