Will Brexit happen this year and the impact on the pound against the Australian dollar

Australian dollar comes under pressure, could the pound break through 1.90 against the Australian...

This week pound to Australian dollar mid market exchange rates reached as high as 1.8870, which is the highest rate seen since the UKs referendum in 2016. This article will highlight the reason why pound to Australian dollar exchange rates are close to a 3 year high and the likelihood of GBP/AUD reaching 1.90 in the upcoming weeks and months. Since the start of the year the pound has gained traction against most major currencies including the Australian dollar as UK Prime Minister Theresa May...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

Pound to Australian dollar exchange rates: G20 summit to influence GBP/AUD rates

World leaders from 19 countries coupled with the European Council will meet today in Japan for G20 economic summit. The aim of the summit is to discuss important financial and economic issues. No surprises climate change and the crisis in Iran are hot topics, however the separate talks between Presidents Donald Trump of the US and Xi Jinping of China should steal the headlines. Over the last 12 months both Presidents have been at loggerheads about trade. Donald Trump imposed tariffs on China and...
Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

Sterling Rates find Support having Fallen after the Bank of England Holds Rates

The pound suffered a poor performance following the Bank of England interest rate decision yesterday but has made a very small recovery since. Sterling exchange rates fell across the board yesterday on the back of the slightly more dovish commentary coming from the central bank. Although interest rates were held at 0.5% as widely expected the pound fell on the back of what was cited as an uncertain path with Brexit as well as the reduction in growth forecasts for 2018 which have been...
Pound to Australian dollar forecast Lacklustre employment rate hampers Australian dollar

Australian Dollar Moves on Turkey Developments

The Pound continues to see a volatile period against the Australian Dollar with a lack of clear direction as a result of mixed news and data coming from the British and Australian economies. The Pound still remains on the back foot in the Brexit limbo period whilst Parliament is asleep for the summer recess. Rates for GBP AUD had fallen to levels below 1.73 earlier in the week although a rally in recent days has seen rates push higher to over 1.75 for the pair. ...
Pound to Australian dollar forecast: Will GBP/AUD levels fall below 1.80?

AUD could be set for further weakness

This week will see the release of Australian unemployment data. Australia's economic performance is coming into question of late due to several areas under performing. The prediction is that there will be little movement in unemployment data and that the figure will remain around 5.3%. If the figure arrives away from expectations volatility can be expected. The Reserve Bank of Australia will be holding off on any rate hikes until we see improvements in wage growth and the concerns regarding cooling house prices are...
Downward pressure on the Aussie dollar continues as US China trade war escalates

GBP/AUD Forecast: Will GBP/AUD rate rise or fall going into 2019?

Our latest GBP/AUD forecast looks at the month ahead for the Pound to Australian dollar rate. The Australian dollar weakness that has seen over 5 cents movement in a week from 1.72 to over 1.77 could be a flavour of the kind of volatility that we can now expect in the weeks ahead as we approach some key pieces of news in the currency markets. GBP/AUD Forecast: Brexit and trade Wars key drivers for GBP/AUD rates The key factor is of course Brexit which I will...
Will the Reserve Bank of Australia cut interest rates in May?

Pound to Australian dollar rate rockets after RBA reverses its position on interest rates

The Pound to Australian dollar rate has taken a nose-dive after the Reserve Bank of Australia (RBA) gave opposing signals following the latest interest rate decision to hold rates at 1.5% as expected. The central bank had initially been more dovish following the meeting and focused on inflation, indicating it should hit 2.25% by 2020. This actually resulted in some gains for the Australian dollar. However the RBA made a further statement later on which caused the Australian dollar to weaken by over 1.6%...
Australian election cause volatility for pound to Australian dollar rates

GBP to AUD rates begin the week at 1.83 after losing almost 2% last...

After a strong start to the year for GBP exchange rates we saw a sell-off in the currency's value last week as the path to Brexit becomes more complicated, and the UK failed to leave the EU on the expected date of the 29th March. At the time of writing, the pair are trading at 1.8328 after dropping into the later 1.82's earlier this morning before recovering somewhat. The downward pressure on the pound increased last week after UK Prime Minister Theresa May lost a...
Pound to Australian Dollar Outlook - GBP/AUD Rates Fall below 1.80

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...
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...