Pound to AUD Rates Supported after Coal Prices Fall on Weaker Chinese Demand

GBP to AUD forecast: Will buying Australian dollars become cheaper in the weeks ahead?

Since the start of December GBP to AUD exchange rates have increased from 1.73 to 1.83 (5.78%). To put this into a monetary value a £200,000 transfer into Australian dollars generates our clients an additional $20,000 Australian dollars. Good opportunity for buying Australian dollars Those buying Australian dollars are experiencing improved rates at the moment for a few reasons. Firstly, the Australian housing market is under pressure once again. Early next month the Royal Commission are going to release their final report in regards to lending...
GBP to AUD forecast: Will the next Parliamentary Brexit vote affect GBP/AUD?

GBP to AUD forecast: Is Sterling’s advance against the Australian Dollar justified?

No Deal Brexit chances drop In today's GBP to AUD forecast I discuss why Sterling has made advances against the majority of major currencies, in particular, the Australian dollar. This advance in my opinion is not necessarily justified. Brexit is still the key driver on Sterling value and at present it seems as though a deal is now further away from being put in place. One of the justifications for the Pound's rise in value is due to the diminishing chance of a no deal scenario,...
GBP/AUD Forecast - Is the pound likely to make a move back towards 1.85?

GBP to AUD Rate Spikes to 1.85 on Brexit Backstop Developments

The pound to Australian dollar exchange rate has risen further after a solid of week of gains largely driven by Brexit developments. Last night saw a further spike for the GBP to AUD rate on reports that the Democratic Unionist Party would support Theresa May’s deal if there is a time limit on the backstop. This is a big development as the Government rely on these votes to support votes in the House of Commons. However there is no sign from the EU that there...
Will GBPAUD levels drop back below 1.80?

Could the stronger Pound see GBP/AUD hit 2.00 this year?

Despite the path for the UK's divorce from the EU remaining unclear, the Pound has been increasing in value quite substantially over the past week or so, with the GBP to AUD exchange rate jumping by an impressive 7-cents in just the past two weeks. The gains can be put down to both Sterling strength, as well as Aussie Dollar weakness. Sterling has climbed in value across the board of major currency pairs since the UK's Prime Minister Theresa May lost the vote on her...
Pound to Australian Dollar Rates Supported Despite Brexit Limbo

GBP/AUD exchange rate breaches 1.80

Brexit uncertainty causes Sterling to remain fragile PM, Theresa May yesterday outlined her plans going forward for Brexit negotiations. She has targeted three key areas which need to be addressed in order to get the deal through Parliament. She wants Parliament involved in her talks with Brussels to increase openness in talks To protect workers rights To ensure there is no hard Irish border Many have been vocal with their criticism, stating there is little change to her first plan. One of the key questions is,...
GBPAUD Forecast - Is the pound likely to make a move back towards 1.85?

Sterling gains vs the Australian Dollar owing to Brexit and the Australian property market

As predicted in my previous article over the weekend the Pound briefly touched 1.80 against the Australian Dollar but has failed to maintain the levels just yet. However, I think it is simply a matter of time as in the short term I think the Pound will be able to make a concerted effort to break past 1.80. This is good news for anyone looking to buy Australian Dollars with Pounds. Brexit latest news Prime Minister Theresa May has been speaking this afternoon about the latest update on...
A breakthrough in the Brexit negotiations?

Australian housing market a concern for Australian dollar sellers

It's been a tough week for the Australian dollar exchange rates as credit rating Fitch suggested further falls are on the horizon for house prices in Australia. Fitch is seen as one of the three big credit rating agencies that give forward guidance and they are predicting that another 5% fall for the housing market within the next 12 months. It's key to note that since the housing market started to decline in recent years we have seen a 6.7% fall across Australia. The decline...
Theresa May survives confidence vote and vows to continue with Brexit - Chinese growth figures early next week

Theresa May survives confidence vote and vows to continue with Brexit – Chinese growth...

Sterling has remained fairly range bound against the Australian Dollar so far this week, even with all of the goings on in U.K Parliament. Last night Prime Minister Theresa May survived a vote of no confidence by 325 to 306 which for now has held off a potential general election in the U.K. Brexit is well and truly the number one market mover when it comes to Sterling exchange rates against all major currencies and at present anything could come out of the woodwork at any...
Pound to Australian dollar rate rockets after RBA reverses its position on interest rates

GBP/AUD Forecast: Both Sterling and Australian Dollar remain fragile

Theresa May loses Brexit vote Sterling has made gains against the Australian Dollar overnight following Theresa May's Brexit deal failing to get through Parliament. Jeremy Corbyn has now called a leadership challenge. Only 202 Parliament members voted in favour of the deal, with 432 against. A majority of 230 was required. May recently fought off a leadership challenge from her own Party, but there was an alarming number of Conservative MPs who went against May in the vote. The DUP has now stated they will support May. If MPs...
GBP vs AUD: Australian Dollar drops after RBA comments signal a bearish outlook

Pound to Australian Dollar: Biggest day in UK politics in 300 years

In what could be one of the biggest days in political history for the UK in 300 years, the House of Commons will vote on tonight's controversial EU withdrawal deal being offered by Theresa May. At the time of writing it appears as though this will not get the result that May is looking for and with very little difference compared to what was being proposed in December, when the previous vote ended up getting cancelled, I cannot see why MPs will change their mind...