Pound to Australian Dollar exchange rate Sterling begins the week on the back foot as no deal Brexit plans increase

Australian Dollar Moves on Turkey Developments

The Pound continues to see a volatile period against the Australian Dollar with a lack of clear direction as a result of mixed news and data coming from the British and Australian economies. The Pound still remains on the back foot in the Brexit limbo period whilst Parliament is asleep for the summer recess. Rates for GBP AUD had fallen to levels below 1.73 earlier in the week although a rally in recent days has seen rates push higher to over 1.75 for the pair. ...
Downward pressure on the Aussie dollar continues as US China trade war escalates

Pound to Australian Dollar rate recovers back to 1.76, will Aussie weakness see GBP/AUD...

The Pound has recovered some ground against a number of commodity currencies this week, including the Aussie Dollar as these types of currencies are coming pressure. The weakness is due to contagion fears as Turkey has been in the headlines since late last week as there are concerns the country could default. A row between Turkey and the US has broken out recently, as Trump believes that the detention of Andrew Brunson, an Evangelical pastor from North Carolina is unjust and Trump is demanding his...
Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

Turkish issues lead to a wobble for riskier currencies

The Australian Dollar has weakened today following news of further economic problems for Turkey. The Turkish Lira hit an all time record low against the U.S Dollar this morning and this is starting to impact all major currencies. With the Australian Dollar still being perceived as a 'riskier' currency this has impacted the value of the Australian Dollar against all major currencies, making it more expensive to buy. Emerging market currencies have been hit the worst as traders jumped into safer havens and I still feel this...
GBP to AUD rate rises despite falling UK inflation

Sterling Recovers against Australian Dollar on Ray of Brexit Hope

The Pound has made some small gains against the Australian Dollar to end the week after what was been a torrid week for the GBP AUD pair. The Pound had fallen briefly below 1.73 so it is encouraging there has been a bounce higher with 1.75 in its sights. This is more to do with a small win for the Pound after reports suggest there could be a way forward for Brexit using parts of what is knows as the "Jersey model" as a...
Downward pressure on the Aussie dollar continues as US China trade war escalates

Weak Aussie continues to gain on Sterling as Brexit pressures continue to weigh on...

The Reserve Bank of Australia (RBA) has the opportunity this week to hike interest rates at their most recent Monetary Policy Meeting. They opted not to and offered a relatively bearish outlook afterwards also, citing the slowing housing market, household debt being high and also the issues surrounding the US-China trade war as reasons to be cautious. Many other Central Banks of major economies have begun to hike interest rates, including the Bank of England despite the Brexit now just around the corner. The bearish outlook...
GBP to AUD rate rises despite falling UK inflation

Further falls for GBPAUD exchange rates

Over the last four weeks GBPAUD exchange rates have been on the decline. The ongoing Brexit saga is forcing investors away from Sterling due the uncertainty. This week Trade Secretary Liam Fox announced that he believed there was a 60% chance of a no deal. In addition, the Bank of England hiked interest rates last week and a dovish monetary policy statement followed by the Governor Mark Carney which stopped the Pound from making any sort of recovery. Even though GBPAUD exchange rates are on...
Sterling against Australian Dollar in for a volatile week as key Brexit votes approach

GBP/AUD rate drops a little following RBA interest rate decision overnight

We have seen a slight drop in GBP/AUD exchange rates overnight following the RBA (Reserve Bank of Australia) interest rate decision released overnight. The Reserve Bank of Australia kept interest rates on hold for the 24th consecutive month and to be honest the general tone was still fairly dovish or negative as to when they do plan to make their next move. Concerns are still there over the housing market slowing, household debt being particularly high and the on-going trade war issues between the U.S and...
Pound to Australian Dollar exchange rate Sterling and Australian Dollar at pivotal point of 1.80

Australian Retails Sales significantly improves

Australian retailers experienced the best sales data in twelve months last quarter. This can be put down to discounts pushing goods off of shelves. Consumer spending is helping the Australian economy maintain momentum. Data from the Australian Bureau of Statistics (ABS) showed that the June quarter rose to 1.2%; the best outcome in more than a year and above the 0.8% estimation. This is good news as retail sales has been poor of late. Australians have been forced to spend their hard earned money on necessities...
Pound to Canadian Dollar Outlook What could happen to GBPCAD exchange rates?

Bank of England sinks GBPAUD!

GBPAUD rates have had a busy day with the Bank of England meeting leading to a weaker Pound. The latest levels have now been trading in the 1.76's which is lower than the lowest point in 2 weeks. Sterling weakness is a factor, but also global sentiment has helped the Australian slightly. The main news today is the Bank of England interest rate decision. This has seen the raise of 0.25% as expected. This did not however help the Pound for long as Mark Carney's...
Pound to Australian Dollar exchange rates Should I buy Australian Dollars now?

Will tomorrow’s Bank of England meeting result in a big move for the GBP/AUD...

All eyes are on tomorrow's Bank of England meeting which takes place around mid-day, as the likelihood of an interest rate hike from the BoE is high. Some economists have suggested the rate hike has an 80 to 90% chance of occurring, with much of Sterling's recent gains being priced into the Pound's value. Tomorrow could be significant for a number of reasons, for example if the hike of 0.25% takes place this will be the highest rate offered in over 10 years. There are plenty...