GBP to AUD rate declines

Sterling Begins the Week in Strong Fashion as GBP/AUD Looks Set to Test 1.90...

The pound to Australian dollar exchange rate has begun the week strongly, and at the time of writing sterling is up against all major currency pairs so far. GBP/AUD is trading at its highest level of the day at 1.8975, and with the annual high being just over 1-cent from these levels at 1.9093 it could be there case that sterling continues to climb and test this annual high. Election Polls Affecting Sterling Rates With the general election now just 17-days away the polls covering the...
How Will the Election Influence GBP/AUD Exchange Rates?

Pound to Australian Dollar exchange rate: Political issues support the Sterling vs the Australian...

Political uncertainty and the impact on the Australian Dollar The pound has risen overnight against the Australian dollar after an interesting last few hours. The pound tipped over 1.80 on the Interbank level after Prime Minister Boris Johnson suffered a number of blows to his plans. MPs came together to block a no deal Brexit. This has led the PM to call for a snap election. However, he was been unable to get this approved as he needed support from two thirds of parliament in order...
Australian Dollar Weakens as Unemployment Increases Down Under, What Next for GBP/AUD?

GBP/AUD Forecast – Will Sterling Break Through 1.80?

The Pound has seen its value rise against the AUD during Monday’s trading, hitting 1.7755 at the high. This is almost a cent higher than the pair was trading earlier today, although any continuation of this trend is likely to be heavily influenced by Thursday’s Bank of England (BoE) interest rate decision and subsequent monetary policy statement. In truth, the Pound has struggled to sustain any gains against its Australian counterpart of late. Even if Sterling were to gain further support up towards 1.80, a...
Pound to Australian Dollar rate Aussie Dollar strength cancels out any gains for the Pound as the Brexit path remains unclear

Value of Aussie dollar driven up by GBP weakness rather than AUD strength

GBPAUD exchange rates have dipped during Friday’s trading, with the Pound falling back below the key resistance level of 1.80. The Pound had at one stage threatened to make a sustained move back towards 1.85, but once again investors have started to turn their backs on GBP, as fears over the UK’s current Brexit plan once again prove to be its undoing. It has become clear that investors' risk appetites are being driven by the chance of a deal, or in this case a no-deal scenario...
Pound to Australian Dollar Forecast Brexit Developments

Current Malaise in Brexit Talks Offsetting Further Losses for the AUD

GBP/AUD rates have fallen back under 1.81, with the pound struggling to make any sustained inroads of late. With continued uncertainty around Brexit talks and how they are progressing, investors' risk appetite for the pound has reduced. As a result, the pound has failed to make an impact above 1.80 and even slipped below this key threshold again last week. Despite sterling finding an element of support around this level, it has seen its value drop by three cents from its high of 1.8382 last month. The...
Election Approaches

GBP to AUD forecast: US and China reported to have fallen out again over...

It has been said that the talks between US and China have once again fallen out over the well publicised trade wars, which has weakened the Australian Dollar ever so slightly today. Both sides of the negotiations are essentially trying to get the best out of this deal that they can, and currently the U.S is apparently accusing China of 'stealing technology' also noting that it is unacceptable for China to 'dump their products' on the US. In return China are said to have suggested that...
Pound to Australian Dollar outlook GBPAUD back below 1.80

US-China Trade War limiting Sterling weakness

GBP/AUD - GBP/AUD remains range bound between 1.75-1.80, 1.80 acting as a resistance point. Despite Sterling taking more severe losses against other major currencies - the US Dollar for example - losses against the Aussie have not been so severe. This can be put down to the ongoing trade war between the US and China. Australia is heavily reliant on China purchasing it's exports. The trade war is likely to hit Chinese growth and in turn the Australian economy. China has vowed to match the US...
GBP to AUD Exchange Rate at New 41-Month High as Boris Wins an Election Majority

GBP to AUD Exchange Rate at New 41-Month High as Boris Wins an Election...

On possibly one of the biggest days in the UK’s political history, the GBP slipped amidst jitters from the outcome the election. Fear and uncertainty has weighed on the GBP whilst the AUD continues its strong form, tipping the GBP/AUD exchange rate in its favour. However, with the results being announced that the Tory Party won a majority in government, the pound has sharply rose this morning as they held their power in the UK. Pound Suffers Losses as Election Deadline Arrives but Sharply Claws...
Pound to Australian Dollar Forecast Brexit Developments

Pound to Australian Dollar forecast amidst Brexit and political uncertainty

Pound holding against the Australian Dollar Despite the weakness in sterling exchange rates as a result of recent Brexit uncertainty, the pound to Australian dollar exchange rate has held up surprisingly well. The Brexit deadline of 31st October 2019 inches closer with volatility expected for the GBP/AUD pair. Rates are currently sitting above 1.78 for and the direction of travel will likely be impacted on whether or not a no deal Brexit can be stopped by parliament. The no deal outcome which is being...
Pound to Australian Dollar forecast December election approaches

Will GBPAUD levels rise above 1.80?

The GBPAUD exchange rate has been trading in the higher 1.70's since June as Brexit concerns continue to weigh on the Pound and the prospect of a future interest rate rise in Australia helps the Australian Dollar to maintain some form. Clients looking to buy Australian Dollars with Pounds could now find a slightly flatter period as investors keenly await the latest news on Brexit and key developments which might move the market. My belief is that we could easily see the Pound find some snap...