Pound to Australian Dollar Forecast - Will GBPAUD rise or fall on the Brexit?

Pound to Australian dollar Forecast – Will GBPAUD rise or fall on the Brexit?

Brexit is becoming a more and more uncertain event with the potential outcomes changing by the day. In some cases, the pound has been untradeable as investors avoid the currency for fear of being wrong footed by any sudden shifts in the currency markets. GBPAUD levels have been excessively volatile in 2019 and since the EU Referendum vote in 2016, it appears likely that the volatility could continue until the end of March and into April. GBPAUD levels have ranged between 1.77 and 1.88 this...
Pound to Australian Dollar Forecast – Brexit Final Stages

Pound to Australian Dollar Forecast – Brexit Final Stages

The pound to Australian dollar exchange rate has fallen lower from its recent peak with rates hovering around 1.86 for the GBP to AUD pair. Rates remain particularly volatile as the uncertainty in British politics over Brexit continues to be the main driver for sterling exchange rates. This afternoon will see a series of indicative votes in the British Parliament which will be debated and then voted on this evening. These votes are to try and find a path for Brexit that would command...
Pound to Australian dollar exchange rate forecast: Where next for GBP/AUD rates on Brexit?

Pound to Australian dollar exchange rate forecast: Where next for GBP/AUD rates on Brexit?

The pound to Australian dollar exchange rate has been testing some of the best levels since before the EU vote June 2016. Brexit is however far from settled and we could easily see some big changes in the currency markets soon. Positivity from Brexit could easily see the GBP/AUD rate top the 1.90 level, whilst the threat of no-deal Brexit could sink us back below 1.80. This week has seen the pound to Australian dollar exchange rate drop back slightly from the higher 1.80's and...
Pound to Australian dollar exchange rate forecast : Will GBP/AUD fall further?

GBP to AUD forecast: Brexit date and PM May’s deal likely to be the...

We're now just 4 days away from what's still the official Brexit date, although the significance of the 29th of March is likely to wane throughout the week as we should get a clearer picture of the UK's next steps. Last week during an EU summit in Brussels all 27 member states granted the UK an unconditional extension to Article 50, running up to the 12th of April. There will be another vote on Theresa May's Brexit deal before then according to reports, with some...
Aussie dollar strengthens owing to positive Chinese data, will GBP/AUD test 1.80 anytime soon?

GBP/AUD Rates Fall Back Below 1.85 as Prospect of a No-Deal Brexit Grows

GBP/AUD rates have fallen back below 1.85, following a tough couple of days for the pound. GBP positons were sold off in haste, following Brexit developments on Wednesday, which has inadvertently boosted the AUD’s value. Just as it seemed as though talks between the UK & EUR were progressing more positively, the markets were once again thrown into chaos. UK Prime Minister Theresa May confirmed that she had requested an extension to Article 50, which had subsequently been provisionally approved by the EU. Extension passed by the EU...
Australian dollar up against the pound but could have problems next week with Australian inflation data

GBP to AUD exchange rate ahead of March 29th.

The pound to Australian dollar has been very volatile in 2019 falling as low as 1.77 but at times rising to 1.8850, the best time to buy Australian dollars with pounds since the EU vote nearly 3 years ago. With just days until the UK was supposed to leave the EU on the 29th March, the pound to Australian dollar could be in for further busy periods. GBPAUD interbank exchange rates are currently at 1.84, just 4 cents off the post-Brexit vote highs in June...
GBP to AUD Forecast - Brexit Leads to Constitutional Crisis

GBP to AUD Forecast – Brexit Leads to Constitutional Crisis

The pound to Australian dollar exchange rate has fallen lower slightly lower as Britain is currently in the midst of a constitutional crisis over Brexit. With just 9 days to go before the planned withdrawal date of 29th March the British Prime Minister Theresa May will now write to the European Union today to request a delay of Article 50. It has been reported that a short delay to the end of June will be requested although it is not clear whether this will...
Will the Brexit extension be confirmed this week, and how could this impact GBP/AUD?

Will the Brexit extension be confirmed this week, and how could this impact GBP/AUD?

The third meaningful vote on UK Prime Minister, Theresa May's Brexit deal now looks less likely to take place after rumours had suggested that it will take place before tomorrow. May's EU Withdrawal Agreement has already been rejected by MPs twice, and yesterday the House of Commons speaker, John Bercow announced that for the vote to take place once again there needs to be significant changes to the deal in order for him to allow another vote. How could an extension to Article 50 affect...
Will the GBP/AUD rate breakthrough 1.90 in the coming weeks?

Will the GBP/AUD rate breakthrough 1.90 in the coming weeks?

Over the last 4 weeks GBP/AUD exchange rates have increased by 6 cents making a AUD $300,000 purchase £5,340 cheaper. The slowdown in Australia is putting a major strain on Australian dollar exchange rates. The housing market is under severe pressure due to the tightening of lending standards throughout 2018. China is slowing due to the ongoing trade war which means less commodities are leaving Australian shores and the Reserve Bank of Australia have hinted at cutting interest rates in a bid to stimulate...
GBP to AUD Outlook - Dollar Supported on Stronger Data

Pound to Australian dollar forecast: Could GBPAUD hit 2?

The pound to Australian dollar pairing has seen some volatility in rcent weeks, as investors look to gauge the future expectations for both Brexit and the Trade Wars. Personally, I would not be surprised to see the pound rise against the Australian dollar in the coming weeks as investors seek to better understand what lies ahead on Brexit. The expectation now is that we could very easily see an extension to the Article 50 window, which would put the UK on a longer leaving time-frame....