RBA Meeting Minutes and the EU Summit set to dominate GBPAUD exchange rates

Brexit news causes Sterling to fall against the Australian Dollar

The Pound has continued to drop against the Australian Dollar during the course of this week as the latest Brexit talks appear to be going the wrong way at the moment. According to the Retail Sales figure published yesterday, the UK economy was given a boost with the data showing a rise of 0.3% for the last month compared to the expectation of -0.2%. This would have typically given the Pound a boost against any foreign currency but as we have seen during the last few...
Pound to Australian Dollar rate Will the Reserve Bank of Australia cut rates further?

Further Trade Tariffs on China Hurting the Australian Economy and the AUD

GBP/AUD rates moved above 1.81 again overnight but the Pound is still trading almost 3 cents lower than it was on Monday. Sterling hit a high of 1.8394 but has since retracted, with mixed reports regarding Brexit dampening the market's expectations for a swift resolution to the current deadlock. The Pound had enjoyed a positive run against the AUD, gaining almost 10 cents in the past month at its high earlier this week. To put this in perspective, that is an additional 10,000 AUD on a...
GBP to AUD rate rises despite falling UK inflation

Australian Dollar bounces on lack of teeth in Trade Wars

The Trade Wars between the US and China have been a big driver on the Australian dollar exchange rate, moving the market according to the sentiments which are driving the levels. The Australian dollar has actually risen overnight as the market finds the tariffs imposed by both sides are not as bad as some had feared. Trump announced tariffs of 10% on $200 bn worth of Chinese imports, much less than the 25% many were expecting. China has responded to this with their own series...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

Eventful day for GBP/AUD pair results in almost a 2-cent move in 1-day!

The Pound to Aussie Dollar hit its highest level in around 5-months in the early hours of this morning's trading session, as the pair touched 1.84 earlier. Since the Brexit vote, the highest the level has reached has been 1.85 so today's market movement is significant, and has been bought on mostly from AUD weakness as opposed to Sterling strength, as many of our regular readers will be aware. Sterling is under pressure at the moment, and mostly driven by Brexit related news rather than...
Downward pressure on the Aussie dollar continues as US China trade war escalates

GBP AUD Rates Move Higher – More Trade Tariffs Expected

The Pound continues its rally higher against the Australian Dollar with rates breaking 1.83 for the GBP AUD pair. Much of the market movement stems from an uncertain outlook for the Australian economy but also due to the wider uncertainty from the ongoing trade wars between the US and China. More trade tariffs are expected imminently from US President Donald Trump which will be levied on China and have a knock on effect on Australia. More of this action is likely to see further...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

AUD Finds Support Following Potential Breakthrough in US/China Trade War

GBP/AUD rates have remained fairly flat throughout the trading week, with the pair currently trading at around 1.82. Sterling had made significant inroads against the AUD over the past month, gaining almost 10 cents at the high. To put this in perspective, any investors transferring £100,000 GBP/AUD, would gain almost 10,000 AUD more than they would have at this time last month. The Pound’s rise has been well documented over recent days, with the EU seemingly softening their stance on a possible Brexit deal with the...
GBPAUD Forecast - Is the pound likely to make a move back towards 1.85?

Strong Australian Unemployment data – Have GBPAUD exchange rates peaked?

Higher Participation rate boosts AUD GBPAUD levels have come down almost 2 cents since the 1.8354 peak this week, currently trading around 1.8143. This is owing to a much better Unemployment report which suggest the Australian economy is performing better than previously believed This makes a future interest rate hike more likely than previously and is a good opportunity for anyone selling AUD for GBP. Pound to Australian dollar exchange rates had peaked at 1.8354 this week presenting some of the best rates since April, we...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

GBPAUD Rates Push Higher

The Pound continues its rally higher against the Australian Dollar with rates breaking over 1.83 for the GBPAUD pair. The times are changing now that Sterling has made material gains across a basket of currencies including the Australian and New Zealand Dollars. Much of the market movement is coming from a perceived better outlook on Brexit which is helping to lift the price of Sterling. Comments from the EU’s chief Brexit negotiator Michel Barnier suggest that a deal between Britain and the EU is...
Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

Pound hits 4-month high against the Aussie Dollar, what’s driving the rate at the...

Overnight we've seen the GBP/AUD exchange rate hit a 4-month high, after the pair hit a high of 1.8361 in the early hours this morning. For those of our readers planning on making currency exchanges involving the Pound and Aussie Dollar, it's worth noting that the current rate is also around the highest levels since June of 2016 when the Brexit vote actually took place, making it an attractive time to make the exchange based on recent historical levels. The annual low is 1.6685 to...
Pound to Australian Dollar exchange rate Sterling improves against the Australian Dollar after Boris effect

GBP AUD Rallies Higher to 1.82, Trade Concerns Remain

The Pound has rallied higher against the Australian Dollar with rates breaking 1.82 for the GBP AUD pair this morning. The Australian Dollar has been squeezed over ongoing trade concerns as a result of the trade wars between the US and China. It has been reported that US President Donald Trump is earmarking another $267 billion of tariffs on Chinese goods creating more uncertainty for the Australian Dollar. Considering the volume of exports of commodities and raw materials that go to China from Australia then...