Pound to Euro Exchange Rates: UK GDP Released this Morning

Pound to Australian Dollar forecast for the week ahead!

This week sees a series of key releases which could affect the GBPAUD exchange rate pairing, on balance a test of the 1.80 resistance level seems a real possibility. It will largely depend on UK economic data and political developments, plus some important Australian news as well. The key economic data this week for the UK is going to be Unemployment and Inflation data released Tuesday and Wednesday, it could well paint a more positive picture for the Bank of England to be raising interest...
Pound to Australian Exchange Rate Forecast: Will GBPAUD Exchange Rates Fall Further?

Pound to Australian Dollar exchange rates: AUD hits six-month high against GBP

Fears of No Deal Brexit continue to weigh on Sterling The pound to Australian dollar exchange rates had fallen below 1.79 this morning, with the pound coming under increasing pressure this week. Sterling has seen its value decline of late, as fears of a no-deal Brexit continue to sap investors risk appetite for the pound. The current downturn against the AUD, which has seen the pounds value tumble below 1.80, is a stark reminder of the current uncertainty around the UK economy. The AUD is now trading...
GBPAUD Rate: Pound to Australian Dollar Falls After Weak UK Services Data

Pound to Australian dollar rate rockets after RBA reverses its position on interest rates

The Pound to Australian dollar rate has taken a nose-dive after the Reserve Bank of Australia (RBA) gave opposing signals following the latest interest rate decision to hold rates at 1.5% as expected. The central bank had initially been more dovish following the meeting and focused on inflation, indicating it should hit 2.25% by 2020. This actually resulted in some gains for the Australian dollar. However the RBA made a further statement later on which caused the Australian dollar to weaken by over 1.6%...
GBPAUD Rate: Pound to Australian Dollar Falls After Weak UK Services Data

GBPAUD Rate: Pound to Australian Dollar Falls After Weak UK Services Data

The pound to Australian dollar exchange rate fell yesterday after much weaker UK Purchasing Managers Index (PMI) data that was released. Rates for GBP vs AUD currently sit at 1.9380 for the pair. UK PMI data for the manufacturing sector dropped to 32.9 or April which was down from 47.8 the previous month. UK Services Sector Data Record Dramatic Fall Causing GBPAUD Volatility The services sector fell to a staggeringly low 12.3 from 34.5 the month prior. The figure is an all-time low since records began...
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 Outlook: Is AUD Showing Signs of Strengthening?

Pound to Australian Dollar forecast: Sterling falls against the AUD – No Deal Brexit...

The pound to Australian dollar exchange rate has suffered as the AUD has made significant gains against sterling of late, this is most likely down to sterling weakness as opposed to AUD strength. Long term low interest rates from the RBA Australia's economic outlook is not very optimistic. There is a heavy reliance on China purchasing its exports. Any slow down in Chinese growth has a knock on effect to the Australian economy. The US China trade war has the potential to escalate and prolonged which...
AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

GBPAUD Exchange Rate: Sterling Falls Back From 2.0 Australian Dollar Level

The pound to Australian dollar exchange rate has fallen further away from the 2 dollar symbolic mark with rates currently trading at 1.9635. As some economies such as Germany and the US begin to start relaxing lockdown measures that have been in place since March, this could be the start of further improvement for the Australian dollar. The Australian dollar as a commodity currency is directly impacted by the performance of other economies and usually suffers in times of economic uncertainty. Any major progress fighting...
Pound to Euro Under Brexit Spotlight

Pound to Aussie Dollar rate drops as Article 50 extension looks more likely

Last night in the House of Commons a number of amendments to the Government's Brexit vision were voted on; we've seen mixed reactions from the the markets since. The Pound to Aussie Dollar exchange rate has dropped from its higher levels seen earlier in the week, making the outlook for exchanging AUD into GBP more attractive. The House of Commons voted against five of the seven amendments chosen by the Speaker. The headline from the evening of voting surrounds the Brady amendment which suggests that...
GBPEUR Rates: UK Remains in Lockdown and the Impact on Pound to Euro Exchange Rates

Pound to Australian Dollar forecast: GBP/AUD volatility expected as UK Parliament looks set to...

Pound to Australian Dollar movement expected as Parliament is set to resume on September 3rd The pound to Australian dollar exchange rate is holding on to its recent gains with rates for GBP vs AUD sitting at 1.8140. After the hot UK bank holiday weekend, the markets will now focus on all the latest Brexit developments this week with political fireworks expected as we approach the 31st October Brexit deadline. High volatility is to be expected for GBP to AUD exchange rates as parliament will...
Pound to Australian Dollar Forecast: UK policymakers talk down the Pound

Pound to AUD rate gets off to a bad start, are further falls likely...

The Pound to AUD rate has dropped to its lowest level in over 2 months this morning, as the pair haven't traded as low as 1.7852 since early September. Over the past month the Australian Dollar has gained by over 3% against the Pound and this trend doesn't appear to be changing anytime soon if this morning's price movement is anything to go by. Why has the Pound to AUD rate dropped? It's likely that the drop is due to concerns over there being further resignations...