Will GBPAUD levels fall below 1.80?

Eventful day for GBP/AUD pair results in almost a 2-cent move in 1-day!

The Pound to Aussie Dollar hit its highest level in around 5-months in the early hours of this morning's trading session, as the pair touched 1.84 earlier. Since the Brexit vote, the highest the level has reached has been 1.85 so today's market movement is significant, and has been bought on mostly from AUD weakness as opposed to Sterling strength, as many of our regular readers will be aware. Sterling is under pressure at the moment, and mostly driven by Brexit related news rather than...
GBPAUD Forecast; Will GBPAUD levels spike above 1.80?

Sterling Australian Dollar exchange rates stable as we potentially head towards Brexit deal

The Pound has remained fairly stable against the Australian Dollar over the course of the trading week and the exchange rate has not managed to move too far away from the 1.80 level. Currently it looks like the UK are heading ever closer to negotiating an initial deal with the EU and rumours that hit the wires yesterday suggested that there is not a timeline in place for Theresa May and Brexit negotiator Dominic Raab to start the ball rolling and take one step closer...
Sterling advances Pound to Aussie dollar rate drops to 2-week low despite poor data out of Chinathe dollar despite US Unemployment hitting 49 yr low

Pound hits 4-month high against the Aussie Dollar, what’s driving the rate at the...

Overnight we've seen the GBP/AUD exchange rate hit a 4-month high, after the pair hit a high of 1.8361 in the early hours this morning. For those of our readers planning on making currency exchanges involving the Pound and Aussie Dollar, it's worth noting that the current rate is also around the highest levels since June of 2016 when the Brexit vote actually took place, making it an attractive time to make the exchange based on recent historical levels. The annual low is 1.6685 to...
Pound vs Australian Dollar forecast - Will GBP AUD remain above 1.80

Australian Retails Sales significantly improves

Australian retailers experienced the best sales data in twelve months last quarter. This can be put down to discounts pushing goods off of shelves. Consumer spending is helping the Australian economy maintain momentum. Data from the Australian Bureau of Statistics (ABS) showed that the June quarter rose to 1.2%; the best outcome in more than a year and above the 0.8% estimation. This is good news as retail sales has been poor of late. Australians have been forced to spend their hard earned money on necessities...
GBP to AUD Rates Weaker as Brexit Vote Looms

Australian Dollar under pressure with concerns over trade tariffs

The AUD remains under pressure, with concerns over how President Trump’s tariffs will affect global trade. With a full-scale trade war now looming, investors are starting to shy away from the commodity-based currencies such as the AUD and moving their funds back into safer havens such as the USD. This is why the greenback will generally strengthen during times of economic uncertainty and export driven currencies such as the AUD will lose value. A slowdown in global trade has already negatively affected the Australian economy, as...
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...
Brexit uncertainty affects the pound but a low interest rate could harm the Australian dollar

Brexit uncertainty affects the pound but a low interest rate could harm the Australian...

With GBPAUD exchange rates trading either side of 1.80 during the last fortnight, the one aspect that appears to be keeping sterling from making real gains at the moment is the ongoing Brexit talks. Brexit outlook continues to affect the Pound At the moment the UK is at a stalemate with the European Union after the Chequers Brexit plan offered by Theresa May over a week ago was rejected, and as yet no suitable alternatives have been offered. With the EU summit set to take place on...
Resignations in the UK and the impact of the Brexit deal on the Pound vs the Australian Dollar

GBP/AUD breaches 1.80

GBP/AUD - The Pound has struggled of late due to the lack of clarity surrounding Brexit. While a "no deal" scenario is still a possibility the pound stands little chance of making significant gains. UK trade secretary, Liam Fox recently said he thinks there is a 60% of a "no deal" situation and Reuters have it at a more modest but still worrying 25%. We did see Sterling make gains against the Australian Dollar yesterday following news that both Germany and UK has slightly changed...
Will GBPAUD levels fall below 1.80?

GBP/AUD exchange rates at highest levels since May as risk appetite decreases

Sterling has hit the highest levels we have seen against the Australian Dollar in a number of months, as progress is reportedly going well with Brexit talks for the U.K and risk appetite around the world is dropping like a stone. The Australian Dollar really is having a tough time on the markets this week; there are growing concerns on how the emerging market currencies are performing which is leading to a huge sell off of so called 'riskier' currencies and the Australian Dollar is...
GBP/AUD Forecast - Will GBP/AUD rate rise or fall going into 2019?

GBP/AUD Forecast – Political Infighting & Trumps Trade Tariffs Hurting the AUD

Sterling has made gains against the AUD during Thursday’s trading, rising by almost a cent at its high earlier. Despite this improvement, the AUD continues to find plenty of support around 1.77 as we head towards the end of the trading week. Whether it will hold frim around this threshold is difficult to tell, with both the UK & Australian economy facing their own set of problems. Political disruption is starting to put a strain on the Australian economy. Infighting amongst the Liberal party is beginning...