Pound to Australian Dollar forecast Will GBPAUD rise or fall ahead?

Pound to Australian Dollar forecast: Will GBP/AUD rise or fall ahead?

The pound to Australian dollar exchange rate has been trending lower in the last few weeks from a peak of 1.88 in May down to 1.76 in July. The outlook for the Australian dollar has been largely linked to changes in Australian interest rates, with a focus on the words and actions of the RBA (Reserve Bank of Australia). RBA interest rate cuts and the US China trade war: How have these influenced the GBP/AUD currency pairing? The lowering of interest rates will generally speaking weaken...
Pound to Australian Dollar exchange rate Sterling improves against the Australian Dollar after Boris effect

Pound to Australian Dollar exchange rate: Sterling improves against the Australian Dollar after Boris...

Boris gives the Pound a boost vs the Australian Dollar The pound to Australian dollar exchange rate has managed to fight back following the news that Boris Johnson of now the new Prime Minister of the UK, reaching interbank levels of 1.7912 against the Aussie dollar at the time of writing. He won the leadership election convincingly which came as no real surprise. Boris has been campaigning for Brexit whilst Jeremy Hunt originally voted to remain. Therefore, in the eyes of the majority of Tory members...
Pound to Australian Dollar Outlook with Boris Johnson as Prime Minister

Pound to Australian Dollar outlook with Boris Johnson as Prime Minister

Pound to Australian Dollar forecast: New Brexit plans to cause GBP/AUD movement The pound to Australian dollar exchange rate has fallen lower with rates hovering around 1.78 for the GBP vs AUD pair. Yesterday saw Boris Johnson voted in as the new Prime Minister and there is likely to be volatility in the coming weeks as the markets react to his plans surrounding Brexit which remains the single biggest driver for sterling exchange rates. Boris Johnson will be appointing his cabinet in the next day...
Pound to Australian Dollar rate Tory leadership to take centre stage for GBPAUD exchange rates

Pound to Australian Dollar rate: Tory leadership to take centre stage for GBP/AUD exchange...

The main talking point this week which will influence pound to Australian dollar exchange rates is the Tory leadership contest. Tomorrow morning we will find out if the 160,000 Tory members have voted in favour for Boris Johnson or Jeremy Hunt. The polls and bookmakers have hard line Brexiteer Boris Johnson as clear favourite. Sterling struggles against the Australian Dollar: Brexit uncertainty weighs on Sterling It's been a tough couple of months for the pound against the Australian dollar with exchange rates dropping 11 cents....
Pound to Australian Dollar exchange rates Should I buy Australian Dollars now?

Pound to Australian Dollar exchange rates: Should I buy Australian Dollars now?

Over the last 10 weeks pound to Australian dollar exchange rates have been falling week by week. At the beginning of May, mid market exchange rates were trading at 1.8850 and current levels are 1.7750. To put the fall into monetary value a AUD$300,000 transfer now costs clients an additional £9,850 and I expect rates could get worse for clients that are buying Australian dollars. New UK Prime Minister next week: What could happen to GBP/AUD rates? Next week the UK will announce who will be...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

Pound to Australian Dollar forecast: Sterling still struggles against the Australian Dollar despite many...

The pound is still struggling against most major currencies including the Australian dollar as both sides of the currency pairing battle it out to be the best of a bad bunch. Since the sterling highs against the Australian dollar in May of 1.8881, the pound to Australian dollar exchange rate has fallen to current levels of 1.7688 due the increasing uncertainty over Brexit. New UK Prime Minister to be announced next week With the UK poised to announce a new Prime Minister next week there is...
Pound to Australian Dollar outlook GBPAUD back below 1.80

Pound to Australian Dollar exchange rate: Sterling continues to lose value as economic concerns...

The Australian dollar to pound exchange rate is trading at its strongest level in 7-months at the moment, as the gradual decline in the pounds value is picking up steam ahead of the vote from the Conservative Party regarding the next leader of the political party. Pound to Australian Dollar exchange rate: Political uncertainty weighing on Sterling At the time of writing the pair are trading just below 1.77, after recovering slightly from the low of 1.7667 earlier this morning. You would have to go back...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

Pound to Australian Dollar forecast: Reserve Bank of Australia minutes, will interest rates be...

The pound to Australian dollar exchange rate has fallen lower again with rates for the GBP/AUD pair sitting at 1.7760. The recent sharp drop has provided an excellent opportunity for those looking to sell Australian dollars to buy pounds. RBA minutes: Suggestion of further interest rate cuts? The Reserve Bank of Australia minutes released overnight suggest that the RBA is ready to cut rates further if it deems it necessary. The RBA has now seen two back to back interest rate cuts taking the headline level...
Pound to Australian Dollar forecast Will GBPAUD rates test new lows?

Pound to Australian Dollar forecast: Will GBP/AUD rates test new lows?

Chinese economy producing mixed bag of data: How have the currency markets interpreted this data? Chinese GDP (Gross Domestic Product) has given the market something to think about with a mixed picture generated, following the year on year figure sinking to new lows but month on month growth surprising. The Aussie is stronger against sterling presenting the market with more food for thought in terms of how it views the longer term direction of the Chinese economy. The news has helped the Aussie to rise,...
Pound to Australian Dollar exchange rate GBP/AUD continues to trade towards its lowest levels of 2019

Pound to Australian Dollar exchange rate: GBP/AUD continues to trade towards its lowest levels...

GBP/AUD pairing tests 1.79 exchange rate The pound to Australian dollar exchange rate has continued to fall through July so far, and at the time of writing the rate is testing the 1.79 support interbank level once again. Ever since the pair dropped below 1.80 at the beginning of the month, they have remained below this benchmark level and moving forward I think it's likely that they will remain below 1.80 until there is a turnaround in the UK's economy and also a bit more...