GBP to AUD Rate: Pound vs Australian Dollar Back Above 2, but Could Chinese Economic Data Support the AUD?

Pound to Australian Dollar exchange rate: Sterling and Australian Dollar at pivotal point of...

Both sterling and the Australian dollar appear to be locked in battle at present as the pound to Australian dollar exchange rate continues to rise and dip just above and just below 1.80. Conservative Party leadership TV debate: Boris Johnson reaffirms plan to leave EU by October 31st On the sterling side of things, a no deal Brexit is still very much looking on the cards and last night during the Conservative party leadership debate in the UK, the hot favourite Boris Johnson once again retained...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

Pound to Australian Dollar forecast: UK General election and RBA interest rates

It's been another eventful 24 hours in the UK, as members of Parliament have voted in favour of a general election on the 12th December. Today the bill makes its way to the House of Lords and should be approved by the end of the week, which will mean the campaigning begins. The market reaction has been limited as it appears investors had 2nd guessed that an election was inevitable. How has the GBP/AUD rate reacted to election news? History tells us that general...
AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

GBP/AUD Forecast – Will Sterling Break Through 1.80?

The Pound has seen its value rise against the AUD during Monday’s trading, hitting 1.7755 at the high. This is almost a cent higher than the pair was trading earlier today, although any continuation of this trend is likely to be heavily influenced by Thursday’s Bank of England (BoE) interest rate decision and subsequent monetary policy statement. In truth, the Pound has struggled to sustain any gains against its Australian counterpart of late. Even if Sterling were to gain further support up towards 1.80, a...
Sterling against Australian Dollar in for a volatile week as key Brexit votes approach

Australian Dollar Weakness as Global Trade Concerns Remain

The Pound has been pushing higher against the Australian Dollar over this last month with levels moving closer to the 1.80 target after a nasty dip from Mid-May onward which saw GBPAUD fall to a low of 1.7430. The reason for the recent drop in the Aussie is to do with the ongoing uncertainty surrounding the trade wars stemming from the US and China. The EU has also been drawn into the ring having this week targeted American brand Harley Davidson for EU tariffs....
Pound to Euro Exchange Rates: UK GDP Released this Morning

Will GBPAUD levels drop back below 1.80?

Pound to Australian dollar exchange rates have been falling due to uncertainty from the outlook on Brexit and which direction events in the future will be taking. Clients looking to buy Australian dollars with pounds have a number of key events to be aware of which could easily see the pound losing value in the coming weeks; namely Brexit. On the Australian side, the possibility of some form of resolution in the Trade Wars might well see the Aussie rise further too. GBPAUD levels could...
Coronavirus and China Developments Top Priority for Aussie

Pound to Australian Dollar Outlook – GBP/AUD Rates Fall below 1.80

The pound to Australian dollar exchange rate has fallen lower with rates for GBP vs AUD having fallen below 1.80 for the pair. Brexit dominates the British news and continues to act as a dampener for sterling exchange rates. Since the resignation of UK Prime Minister Theresa May the pound has dropped lower against the Australian dollar, as the Conservative leadership has put forward hopefuls Boris Johnson and Jeremy Hunt for the position of Prime Minister. The Conservative leadership contest for the top job...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Could Boris Johnson’s meeting with EU President Juncker provide the Pound with a boost?

PM to meet outgoing EU President Jean-Claude Juncker The Pound to Australian Dollar rate appears to have consolidated north of the 1.80 benchmark over the past week with GBP/AUD hitting 1.82 at its highest stage earlier today. Since then the Pound has come under pressure, but it remains north of 1.80 which tends to be a key level for the pairing as those of our readers following the pair for some time will be aware. Sterling has begun the days trading under some pressure on what could...
Pound to Australian Dollar exchange rate Is Sterling likely to fall further as the chances of a no deal Brexit increase?

Pound to Australian dollar Forecast – Will GBPAUD rise or fall on the Brexit?

Brexit is becoming a more and more uncertain event with the potential outcomes changing by the day. In some cases, the pound has been untradeable as investors avoid the currency for fear of being wrong footed by any sudden shifts in the currency markets. GBPAUD levels have been excessively volatile in 2019 and since the EU Referendum vote in 2016, it appears likely that the volatility could continue until the end of March and into April. GBPAUD levels have ranged between 1.77 and 1.88 this...

Improvements for the Pound but are They Sustainable Under Current Market Conditions?

It’s been a positive day for Sterling, which has made gains against a host of the major currencies. GBP/EUR rates have moved back above 1.14, hitting a high of 1.1462 earlier today. GBP/USD rates have also spiked towards 1.34, although the greenback has manged to find plenty of support just under this threshold. There were also significant gains against the commodity-based currencies, with GBP/AUD, GBP/NZD & GBP/CAD rates all rising by more than a cent. The Pound received a boost yesterday following the release of better...
Aussie gains 3.44% in one week

Pound to Australian Dollar forecast after RBA cuts rates

The pound to Australian dollar exchange rate has found support despite the uncertainties surrounding Brexit and the imminent change in Prime Minister. What factors are affecting pound to Australian dollar rates? Whilst GBP/AUD has come under pressure in recent weeks as a result of a no deal Brexit outcome becoming a viable option once again, the escalation in US trade wars is weighing heavy on the Australian dollar as is the performance of the Australian economy. The Reserve Bank of Australia cut interest rates this week...