Brexit vote delay causes problems for the Pound against the Australian Dollar

Dollar Strength after Strong Jobs Data – Pound to Australian Dollar Exchange Rates

Expect more volatility for the Pound to Australian dollar exchange rate Pound to Australian dollar exchange rates have lost considerable ground over the last week although there does appear to be some support with rates holding firm above 1.75 for the Pound to Australian dollar rate. Much of the market movement and volatility has stemmed from the recent uncertainty in British politics, which has resulted in a sharp fall in sterling exchange rates. Expect a volatile week for the Pound to Australian dollar exchange rate,...
GBP/AUD Forecast - Will GBP/AUD rate rise or fall going into 2019?

Pound to AUD forecast: Theresa May’s Brexit plan comes under heavy criticism

PM May's position in doubt The key driver for the Pound to AUD rate yesterday was of course Brexit. Theresa May's plan, which has been agreed in principal by Cabinet members has come under heavy criticism and has resulted in the resignation of UK Brexit Secretary, Dominic Raab. This was a major blow to Theresa May and her chosen replacement, Environmental Secretary, Michael Gove has rubbed salt in the wound by turning down the role. Gove stated if he were to take the position he...
Resignations in the UK and the impact of the Brexit deal on the Pound vs the Australian Dollar

Resignations in the UK and the impact of the Brexit deal on the Pound...

In what has been a very volatile week so far we have just had the news that UK Brexit Secretary Dominic Raab has handed in his resignation. Sterling has fallen dramatically against the Australian Dollar into the 1.76 levels after trading above 1.80 earlier this month. The Brexit deal that has been accepted has caused a huge amount of discontent across the markets and this has been reflected in the value of the Pound. Last night Australian unemployment figures were released and the data came out better...
Pound vs Australian Dollar forecast - Will GBP AUD remain above 1.80

Pound vs Australian dollar: Will the GBP/AUD rate remain above 1.80?

The pound vs Australian dollar rate has found itself back over 1.80 as expectation for a Brexit deal have increased. In what is being billed as a crucial day ahead for Brexit and therefore the pound, sterling could very easily find itself the centre of attention as the market digests the news. Pound vs Australian dollar forecast: Will a Brexit deal be agreed? Clearly the mood is buoyant and expectation high but we have been here on a number of occasions in the past and very...
Resignations in the UK and the impact of the Brexit deal on the Pound vs the Australian Dollar

Pound to Australian Dollar – Sterling Outlook Uncertain as Brexit Negotiations Reach Endgame

The pound has slipped lower against the Australian dollar this week with rates now sitting well below 1.80 for the pound to Australian dollar pair. Brexit key for pound to Australian dollar rate Brexit is likely to remain the biggest driver for the pound to Australian dollar rate this week after UK Prime Minister Theresa May made a speech last night which signalled optimism that a deal on Brexit could be reached whilst the talks continued overnight. She said that talks were immensely difficult but...
GBP to AUD forecast - December 11th is the day to look out for if trading GBP/AUD

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...
GBPAUD Forecast; Will GBPAUD levels spike above 1.80?

Sterling Australian Dollar exchange rates stable as we potentially head towards Brexit deal

The Pound has remained fairly stable against the Australian Dollar over the course of the trading week and the exchange rate has not managed to move too far away from the 1.80 level. Currently it looks like the UK are heading ever closer to negotiating an initial deal with the EU and rumours that hit the wires yesterday suggested that there is not a timeline in place for Theresa May and Brexit negotiator Dominic Raab to start the ball rolling and take one step closer...
UK Parliamentary vote to influence Pound vs Australian Dollar rates

GBP to AUD forecast: US Midterm results could help the Australian Dollar

In today's GBP to AUD forecast I'll discuss how the US midterm results could prove beneficial for the Australian Dollar. The Democrats have have now gained power over the House of Representatives which will be a cause for concern for President Trump. They will now be able to severely limit new legalisation being passed. The Democrats will also have control of the Intelligence Committee, which means they will have the chance to scrutinise information regarding the allegations against the Trump administration in relation to...
Brexit news - Brexit talks going well - Pound to Australian dollar rate

Brexit news: Progress leads to rise in pound to Australian dollar rate

The Pound to Australian dollar exchange rate has hit 1.81 during the last week as it appears as though the Brexit issue is getting nearer to a conclusion. Will a Brexit deal be agreed in November? Last week UK Brexit Secretary Dominic Raab suggested that a Brexit deal could be agreed as early as November 21st, although Downing Street has vehemently denied the claims as speculative. However, I think there is no smoke without fire and I think as each day goes by the UK are...
Pound to Australian dollar rates - When will the GBP AUD rate rise back over 1.80

GBP/AUD Forecast: Pound Strengthens on Reports of Brexit Deal

The pound is making gains against the Australian dollar once again with GBP/AUD rates having pushed back over 1.80. The strength in the price of sterling is largely coming from renewed confidence in the ongoing Brexit negotiations. The Sunday Times this weekend have reported that a deal is very much underway and there is a growing chance that an emergency EU summit will now take place later in November. Brexit news: EU to change stance on Irish border? It has been reported that the EU's chief...