Positive Brexit news helps GBPAUD hit fresh 3 week highs!

Positive Brexit news helps GBPAUD hit fresh 3 week highs!

GBPAUD exchange rates are currently rising as Michel Barnier confirms that the UK might enjoy some kind of 'unique' deal. This is the news we have been waiting for and could well spell a bottom point on GBPAUD of the 1.72 seen recently. The Pound has been struggling against most currencies on uncertainty over the outcome from Brexit. The exception lately has been the Australian Dollar where after hitting lows of 1.72, we are currently at 1.78. The improvement is not just down to the...
GBP AUD Supported on Political Changes Down Under

GBP AUD Supported on Political Changes Down Under

Despite the weaker footing that Sterling is currently on the Pound has managed to make some small gains against the Australian Dollar. The change of Prime Minster down under has created some uncertainty for Australian Dollar exchange rates. After Malcom Turnbull was ousted and replaced by the new Prime Minister Scott Morrison there have been some political concerns for the Australian Dollar. Fresh elections in Australia will be held next year and will become a focal point for the Australian Dollar ahead of May 2019....
Pound to Australian Dollar Forecast – Brexit Final Stages

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...
GBP to AUD forecast - sterling strengthens

Australian Dollar suffers on rate hike outlook and global fears

The Australian Dollar has taken a few steps back as the market's recent ascendancy fails to continue. The Australian Dollar has suffered with the market not believing any interest rate hikes will be quite as forthcoming as it might be down the line, as confirmed by the RBA, (Reserve Bank of Australia) earlier this week. The Pound to Australian Dollar exchange rate has risen presenting some much better opportunities to be buying Australian Dollars with Pounds, some of the best in the last week. This...
GBP to AUD forecast - Fridays Brexit deadline

GBP/AUD forecast: Better than expected UK data fails to strengthen rate

Economic data released out of the UK last week beat expectations in many cases, demonstrating that the UK economy is remaining resilient despite the uncertainties weighing on the UK economy moving movement. How is this affecting the Pound to Australian Dollar exchange rate? Last week data released showed that the UK unemployment rate has dropped recently, and also that inflation isn't stagnant as the inflation figure came out better than expected. Retail Sales also beat expectations and this bout of impressive data can be added...
GBP/AUD Forecast - Is the pound likely to make a move back towards 1.85?

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...
Australian dollar up against the pound but could have problems next week with Australian inflation data

Australian Dollar Moves on Turkey Developments

The Pound continues to see a volatile period against the Australian Dollar with a lack of clear direction as a result of mixed news and data coming from the British and Australian economies. The Pound still remains on the back foot in the Brexit limbo period whilst Parliament is asleep for the summer recess. Rates for GBP AUD had fallen to levels below 1.73 earlier in the week although a rally in recent days has seen rates push higher to over 1.75 for the pair. ...
Pound to Australian Dollar Forecast – Brexit Final Stages

Pound to Australian Dollar rate recovers back to 1.76, will Aussie weakness see GBP/AUD...

The Pound has recovered some ground against a number of commodity currencies this week, including the Aussie Dollar as these types of currencies are coming pressure. The weakness is due to contagion fears as Turkey has been in the headlines since late last week as there are concerns the country could default. A row between Turkey and the US has broken out recently, as Trump believes that the detention of Andrew Brunson, an Evangelical pastor from North Carolina is unjust and Trump is demanding his...
GBP to AUD forecast: Pound to Australian Dollar trades close to 4-month high

Turkish issues lead to a wobble for riskier currencies

The Australian Dollar has weakened today following news of further economic problems for Turkey. The Turkish Lira hit an all time record low against the U.S Dollar this morning and this is starting to impact all major currencies. With the Australian Dollar still being perceived as a 'riskier' currency this has impacted the value of the Australian Dollar against all major currencies, making it more expensive to buy. Emerging market currencies have been hit the worst as traders jumped into safer havens and I still feel this...
GBP to AUD Outlook - Dollar Supported on Stronger Data

Sterling Recovers against Australian Dollar on Ray of Brexit Hope

The Pound has made some small gains against the Australian Dollar to end the week after what was been a torrid week for the GBP AUD pair. The Pound had fallen briefly below 1.73 so it is encouraging there has been a bounce higher with 1.75 in its sights. This is more to do with a small win for the Pound after reports suggest there could be a way forward for Brexit using parts of what is knows as the "Jersey model" as a...