Could a Reserve Bank of Australia interest rate cut offer GBP/AUD some support

Pound to Australian dollar rate hits a 5-week low, could a move below 1.80...

The pound has been under pressure throughout this month, after testing year highs on the 3rd of May. Pound to Australian dollar rate forecast The outlook regarding Brexit is now looking a lot bleaker with current Prime Minister May set to step down in the first half of next month, with the chances of a Pro-Brexit leader likely to take her place which many believe could increase the chances of a no-deal Brexit. Ever since cross party talks broke down pound to Australian dollar rates have fallen,...
Global growth forecast lowest since 2009

Pound to Australian dollar forecast: Global growth forecast lowest since 2009

Pound to Australian dollar rate The pound to Australian dollar rate has been very mixed in the last week as investors are forced to grapple with the ever-changing nature of two of the biggest market forces at present, Brexit and the trade wars. Whilst sterling is lower due to the Brexit uncertainties, rates are still above the lower points of 2019 GBP/AUD levels, nestled in the 1.82s at the time of writing. Pound to Australian dollar forecast My longer-term forecast would have to be negative for the Australian...
Brexit limbo hurting the pound

Pound to Australian dollar forecast: Brexit limbo hurting the pound

The pound to Australian dollar rate has suffered recently due to the current situation in UK politics and the on-going Brexit saga. Pound to Australian dollar rate far from recent highs of 1.88 With Brexit being a key driver on GBP/AUD rates, we recently saw a spike up to 1.88 following positive news on Brexit. May’s talks with Corbyn over a deal compromise that could be mutually accepted by the Tories and Labour caused the increase in sterling's value. I was of the belief the gains...
Pound to Australian dollar forecast on day of European elections

Pound to Australian dollar forecast on day of European elections

The pound to Australian dollar exchange rate has fallen lower with rates falling to 1.8350 for the GBP to AUD pair. Sterling exchange rates are currently on a weaker footing ahead of today’s European elections. Voting has already started and will close at 10pm this evening and the outcome in Britain is likely to alter the political landscape in the UK when it comes to Brexit. Will Theresa May resign? How could this impact pound to Australian dollar rates? Prime Minister Theresa May is currently under...
US-China tensions to continue to influence AUD exchange rates

US-China tensions to continue to influence AUD exchange rates

The ongoing trade war talks between China and the US continue to influence both global equity markets along with exchange rates, especially those that heavily tie into the outcome of the trade war talks. America plans on blacklisting more Chinese companies The latest development is that the US is considering blacklisting up to five more Chinese companies from receiving US technology, and this comes after Chinese tech giant Huawei was blacklisted earlier this week which has caused quite a storm on Chinese social media according to...
Pound to Australian Dollar forecast UK job market remains upbeat despite Brexit concerns

Pound to Australian dollar predictions: RBA to cut interest rates

Overnight the Reserve Bank of Australia (RBA) released their latest minutes, with Governor Philip Lowe shortly after delivering his monthly speech. How will RBA interest rate cuts affect pound to Australian dollar rates? No surprises the tone was fairly dovish and the RBA hinted that they should have cut interest rates earlier in the month, however they weren't prepared to do so due to the General election. However, now that the election is over a rate cut in June is now close to being fully...
Australian election cause volatility for pound to Australian dollar rates

Australian election cause volatility for pound to Australian dollar rates

The general trend on pound to Australian dollar rates been that of the Australian dollar weakening predominantly due to the ongoing trade battle between the United States and China. Australian dollar makes gains against sterling as Brexit political frictions continue The trade war has had a significant effect on the Australian economy as China is Australia's primary trading partner. Despite this, the Australian dollar has benefitted from the political frictions in Britain over the last fortnight. This  has seen the Austalian gain around 4 cents against sterling,...
Pound to Australian Dollar forecast ahead of important European elections - GBP vs AUD

Pound to Australian Dollar forecast ahead of important European elections

Pound to Australian dollar forecast The pound to Australian dollar exchange rate has come under added pressure following new Brexit developments, which are once again starting to impact on sterling exchange rates. Rates for GBP vs AUD had rallied higher since last Friday when US President Donald Trump delivered on his promise to impose additional tariffs on Chinese good coming into the US. The uncertainty has continued after China then imposed 60 billion worth of tariffs on US exports escalating the trade war further. Overnight...
Downward pressure on the Aussie dollar continues as US China trade war escalates

Downward pressure on the Australian dollar continues as US China trade war escalates

The Australian dollar is hitting economic headlines for the wrong reasons at the moment, as the currency is currently trading around its lowest levels since 2016 against some major currency pairs. Australian dollar hits 3 year low against the US dollar On Wednesday the Aussie dollar finished the day at its lowest level against the US dollar since January of 2016, and the AUD/GBP rate is also trading close to 3-year lows despite the pound's woes owing to the Brexit uncertainty surrounding the UK and it's...
Pound to Australian dollar forecast Lacklustre employment rate hampers Australian dollar

Pound to Australian dollar forecast: MPs to vote on Brexit bill early June

Brexit cross party talks break down UK Prime Minister Theresa May announced yesterday that she will put her Brexit deal to the House of Commons early next month. Over the last six weeks cross party talks have been ongoing and to date they appear to have failed. Members of the Cabinet warned the Prime Minister earlier in the week that agreeing to Jeremy Corbyn's customs union arrangement would split the Conservative Party in half and it appears that the PM has taken the advice on...