GBP AUD at Three-month Lows on Aussie Recovery Hopes

GBP Retreats on AUD as Bank of England, Brexit and the UK Growth Outlook...

The GBP has retreated on the Australian dollar as worries build regarding the future of the UK. The main issues for concern are Brexit, changes to Bank of England monetary policy and the UK’s growth outlook in 2020. The GBP underperformed against all of its major rivals in yesterdays trading session. Meanwhile, the AUD remained resilient despite multiple headwinds, but the risk of an interest rate cut from the RBA is still on the table for Australia. The AUD has had to deal with...
Aussie gains 3.44% in one week

GBP/AUD Forecast – Political Infighting & Trumps Trade Tariffs Hurting the AUD

Sterling has made gains against the AUD during Thursday’s trading, rising by almost a cent at its high earlier. Despite this improvement, the AUD continues to find plenty of support around 1.77 as we head towards the end of the trading week. Whether it will hold frim around this threshold is difficult to tell, with both the UK & Australian economy facing their own set of problems. Political disruption is starting to put a strain on the Australian economy. Infighting amongst the Liberal party is beginning...
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...
GBP to AUD Rate Hits New 42-Month High as Tory Win Supports UK Outlook

UK and Australian economies driving exchange rates respectively

Sterling AUD rates have remained fairly flat during the early part of the trading week, with concerns over both the UK and Australian economies clouding the markets at present. The Pound is currently trading above 1.78 but as of yet, has failed to sustain any move towards to or above 1.80. Whilst the AUD continues to find plenty of support under this threshold, the question investors will be asking themselves is how long this protection will last. The key issues facing investors at present centre largely around...
Pound Sterling Forecast – Brexit No-Deal Still Weighs on GBP

Pound Sterling Forecast – Brexit No-Deal Still Weighs on GBP

The pound sterling forecast struggled yesterday and into today owing to the continued uncertainty of a no-deal Brexit. The outlook for the UK-EU negotiations has not been particularly favourable with lots of reports suggesting that the two sides are very far apart. Sterling fell yesterday as this news began to weigh on the pound, following comments from Andrew Bailey that he had warned Bank bosses in the UK to prepare for a no-deal exit, as reported by the Times today. Bailey is Governor of the...
Pound to Australian Dollar forecast GBPAUD rates see movement as a possible Brexit extension is on the horizon

GBP to AUD Rate Spikes to 1.85 on Brexit Backstop Developments

The pound to Australian dollar exchange rate has risen further after a solid of week of gains largely driven by Brexit developments. Last night saw a further spike for the GBP to AUD rate on reports that the Democratic Unionist Party would support Theresa May’s deal if there is a time limit on the backstop. This is a big development as the Government rely on these votes to support votes in the House of Commons. However there is no sign from the EU that there...
GBPAUD Rate: Renewed Risk Appetite Continues to Benefit the Australian Dollar

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...
Australian Economy Likely to be Worst Hit But to Bounce Back Strongest

Reserve Bank of Australia to cut interest rates tonight, how could this impact Pound...

Reserve Bank of Australia interest rate decision tonight The Australian dollar has been having a tough time against a number of different currencies recently. However, the pound to Australian dollar exchange rate has dipped as the AUD staged a small comeback during last week. It appears as though the issue of Brexit is causing investors to sell pounds, and this is in part why GBP/AUD exchange rates have moved in a negative direction last week. However, major bank Westpac has suggested that the Reserve Bank of...

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...
GBP AUD at Three-month Lows on Aussie Recovery Hopes

GBP to AUD Exchange Rate at New 41-Month High as Boris Wins an Election...

On possibly one of the biggest days in the UK’s political history, the GBP slipped amidst jitters from the outcome the election. Fear and uncertainty has weighed on the GBP whilst the AUD continues its strong form, tipping the GBP/AUD exchange rate in its favour. However, with the results being announced that the Tory Party won a majority in government, the pound has sharply rose this morning as they held their power in the UK. Pound Suffers Losses as Election Deadline Arrives but Sharply Claws...