AUD Continues Bullish Run Following Global Virus Slowdown

Current Malaise in Brexit Talks Offsetting Further Losses for the AUD

GBP/AUD rates have fallen back under 1.81, with the pound struggling to make any sustained inroads of late. With continued uncertainty around Brexit talks and how they are progressing, investors' risk appetite for the pound has reduced. As a result, the pound has failed to make an impact above 1.80 and even slipped below this key threshold again last week. Despite sterling finding an element of support around this level, it has seen its value drop by three cents from its high of 1.8382 last month. The...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Economists Predict a Break for AUD Whilst GBP Softens After Hectic Year

News for the upcoming week is suggesting that the Australian Dollar is primed for a break to a fresh 22-week high, but this momentum has been slowed mainly due to the fading liquidity. The uncertainties surrounding interest rates for AUD in 2020 are still present and causing concern for some investors. Meanwhile, for GBP, it has seen a softening after a rollercoaster year that has been dominated by the Brexit news and the General Election. With the GE over and an EU withdrawal plan...
GBP Makes Gains Against AUD as Trade Relations Between China and Australia are Shaken

UK Parliament Set to Shut on Wednesday Evening as COVID-19 virus Spike Continues

The GBPAUD interbank exchange rate has remained fairly range bound after the past 24 hours, following some aggressive swings in the market in the days prior to this. With the GBPAUD pair now trading around 1.97, it would seem that the markets have started to digest the recent developments, amid the on-going COVID-19 crisis. The pound had made significant gains against AUD last week, despite struggling against many of the other major currencies, in particular EUR and USD. For those client looking to buy AUD with...
Aussie gains 3.44% in one week

Pound to Australian Dollar Forecast – Brexit Final Stages

The pound to Australian dollar exchange rate has fallen lower from its recent peak with rates hovering around 1.86 for the GBP to AUD pair. Rates remain particularly volatile as the uncertainty in British politics over Brexit continues to be the main driver for sterling exchange rates. This afternoon will see a series of indicative votes in the British Parliament which will be debated and then voted on this evening. These votes are to try and find a path for Brexit that would command...
Resignations in the UK and the impact of the Brexit deal on the Pound vs the Australian Dollar

Resignations in the UK and the impact of the Brexit deal on the Pound...

In what has been a very volatile week so far we have just had the news that UK Brexit Secretary Dominic Raab has handed in his resignation. Sterling has fallen dramatically against the Australian Dollar into the 1.76 levels after trading above 1.80 earlier this month. The Brexit deal that has been accepted has caused a huge amount of discontent across the markets and this has been reflected in the value of the Pound. Last night Australian unemployment figures were released and the data came out better...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

GBP to AUD forecast: Brexit date and PM May’s deal likely to be the...

We're now just 4 days away from what's still the official Brexit date, although the significance of the 29th of March is likely to wane throughout the week as we should get a clearer picture of the UK's next steps. Last week during an EU summit in Brussels all 27 member states granted the UK an unconditional extension to Article 50, running up to the 12th of April. There will be another vote on Theresa May's Brexit deal before then according to reports, with some...
AUD Continues Bullish Run Following Global Virus Slowdown

Pound to Australian Dollar forecast amidst Brexit and political uncertainty

Pound holding against the Australian Dollar Despite the weakness in sterling exchange rates as a result of recent Brexit uncertainty, the pound to Australian dollar exchange rate has held up surprisingly well. The Brexit deadline of 31st October 2019 inches closer with volatility expected for the GBP/AUD pair. Rates are currently sitting above 1.78 for and the direction of travel will likely be impacted on whether or not a no deal Brexit can be stopped by parliament. The no deal outcome which is being...
GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

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...

Australian elections less than a week away and the impact on the Pound vs...

We are now just less than a week away from when Australia will be going to the polls in another federal election down under. In the last twelve years we have seen a total of six different leaders of the country and this has caused problems for the Australian economy. This has caused a lack of continuity as with such limited time it does not allow a Prime Minister to conclude a lot of their electoral pledges. In the most up to date polls the...
GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

Pound to Australian Dollar exchange rate: Sterling improves against the Australian Dollar after Boris...

Boris gives the Pound a boost vs the Australian Dollar The pound to Australian dollar exchange rate has managed to fight back following the news that Boris Johnson of now the new Prime Minister of the UK, reaching interbank levels of 1.7912 against the Aussie dollar at the time of writing. He won the leadership election convincingly which came as no real surprise. Boris has been campaigning for Brexit whilst Jeremy Hunt originally voted to remain. Therefore, in the eyes of the majority of Tory members...