Election Approaches

GBP to AUD forecast: US and China reported to have fallen out again over...

It has been said that the talks between US and China have once again fallen out over the well publicised trade wars, which has weakened the Australian Dollar ever so slightly today. Both sides of the negotiations are essentially trying to get the best out of this deal that they can, and currently the U.S is apparently accusing China of 'stealing technology' also noting that it is unacceptable for China to 'dump their products' on the US. In return China are said to have suggested that...
Pound to Australian Dollar Outlook with Boris Johnson as Prime Minister

Pound to Australian dollar forecast: RBA cuts base rate to historic 1.25% low

The pound to Australian dollar is fractionally weaker following the decision by the Reserve Bank of Australia (RBA) to cut interest rates to fresh lows of 1.25%. Will the RBA introduce further cuts later this year? The move, which was widely anticipated has seen the currency drift slightly lower, but investors will now be poring over the decision, and seeking to anticipate the next move. There is speculation that the RBA might even begin to cut rates further in the future, particularly if the Australian economy continues...
Pound to Australian Dollar forecast: Aussie Dollar nears decade low as central bank indicates further rate cuts

Pound to Australian Dollar forecast: Aussie Dollar nears decade low as central bank indicates...

Stagnant start to the week for the GBP to AUD pair The pound (GBP) to Australian dollar (AUD) rate began the week in a relatively sluggish mood on Monday morning. This lack of movement in the value of the pair was the result of negative economic rumblings on both sides of the world, which served to cancel each other out: news that the UK’s 2019 business investment outlook is forecast to fall to a 10-year low was met by continued concerns in Australia over global...
Rates Break over 1.92

GBP vs AUD: Australian Dollar drops after RBA comments signal a bearish outlook

GBP vs AUD forecast: The Australian Dollar dropped dramatically last night, after comments from the Reserve Bank of Australia (RBA) were more bearish than expected and this caught the markets off-guard. The RBA chose to keep interest rates on hold at 1.5%. This was expected by the markets, so when this announcement was made there was little movement. It was the comments made by RBA governor, Phillip Lowe that caused the market movement when he acknowledged that the chances of an interest rate cut...
Pound to Australian Dollar forecast GBPAUD rates fall to 1.80 as Brexit protesters take to the streets in their thousands

GBP/AUD Forecast: Both Sterling and Australian Dollar remain fragile

Theresa May loses Brexit vote Sterling has made gains against the Australian Dollar overnight following Theresa May's Brexit deal failing to get through Parliament. Jeremy Corbyn has now called a leadership challenge. Only 202 Parliament members voted in favour of the deal, with 432 against. A majority of 230 was required. May recently fought off a leadership challenge from her own Party, but there was an alarming number of Conservative MPs who went against May in the vote. The DUP has now stated they will support May. If MPs...
Election Approaches

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...
Pound to Australian Dollar rate Aussie Dollar strength cancels out any gains for the Pound as the Brexit path remains unclear

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 exchange rate GBP/AUD continues to trade towards its lowest levels of 2019

GBPAUD nudges 1.80, where next?

The Pound to Australian Dollar exchange rate has nudged 1.80 but quickly retraced the steps owing to concerns over Brexit. The UK also suffered from some poor economic data today with Manufacturing data showing a fall in the PMI, Purchasing Managers Index data. What lies ahead for GBPAUD rates and what is the important news? The RBA (Reserve Bank of Australia), will release their latest interest rate decision this evening which could well be a market mover on the Australian Dollar exchange rate. Whilst no...
Pound to Australian Dollar Exchange Rate: Could the Pound Hit 1.90 vs the Australian Dollar?

Australian Dollar fights back this week as political woes unsettle Sterling

GBP/AUD exchange rates have dropped off a little during the trading week, giving those looking to sell Australian Dollars a welcome opportunity. As the week began, political problems in the U.K continued to hit the headlines as pressure mounted on Theresa May regarding her Brexit plans. We then had the release of the RBA (Reserve Bank of Australia) meeting minutes from their last interest rate decision, these minutes gave an overview as to how the RBA came to their last interest rate decision. The minutes actually led...

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...