Coronavirus Remains Outlook Focus for Australian Dollar as Fears Lighten

Pound to Australian dollar at 23 week high

The pound to Australian dollar interbank exchange rate has touched its highest in 23 weeks today, or since Monday 6th May, at 1.8757. By comparison, British sterling was as weak as 1.7689 versus the so-called Aussie on Wednesday 31st July, so it’s since strengthened by +6.03%. GBP is enjoying gains versus the AUD because of rising hopes among money managers that a Brexit deal may be reached soon. Meanwhile, the Australian dollar has weakened, because economists have cut their forecasts for Australia’s economic growth...
Pound to Australian Dollar exchange rate GBPAUD rates as Brexit uncertainty continues

GBP vs AUD exchange rates: Will the RBA cut interest rates in July?

Why is the AUD struggling? Both AUD and GBP are not performing well at present. The Australian dollar has been suffering against the majority of major currencies, predominantly due to the US/China trade war. Australia is heavily reliant on China purchasing its goods and services and due to this any slowdown in growth has a knock on effect on Australia. It looks as though the trade war could be lengthy and the threat of huge tariffs from both sides does not bode well for the Australian...
Pound to Australian Dollar forecast December election approaches

Pound to Australian Dollar exchange rate: RBA opts to cut interest rate down to...

Reserve bank of Australia interest rate reaches record lows The pound to Australian dollar exchange rate is trading higher this morning after the Reserve Bank of Australia (RBA) chose to cut interest rates in the early hours of this morning, negatively impacting the AUD. The cut leaves the Australian base interest rate at 0.75% which is a record low down under. Since the cut we've seen the Aussie dollar drop in value with the currency down by over half a percent against the pound, euro...
Australian Dollar Could Decline Further as Unemployment Spikes, Rate Cut Looms

Pound to Australian Dollar outlook: How will Brexit shape GBP/AUD exchange rates?

GBP/AUD rates rise after positive Brexit talks The Pound to Australian dollar exchange rate has been rising in the last 24 hours, following news that Boris Johnson might be able to reach an agreement on the Irish border issues. Boris met with Leo Varadkar today where reports suggest a 'pathway' to a deal has opened up. Sterling to Australian dollar exchange rates proved their sensitivity once again to Brexit developments, following a volatile week in which Boris' deal was initially labelled as 'dead'. GBP/AUD interbank...
Coronavirus Remains Outlook Focus for Australian Dollar as Fears Lighten

Pound to Australian Dollar Forecast: Conservative Majority Sends GBP to AUD Rate to 41-Month...

Conservatives Triumph with Huge Majority The pound to Australian dollar rate was feeling the weight of pre-election jitters this week, as the great British public prepared to cast their votes. Perhaps it stemmed from a lack of trust in the opinion polls, whose track record has been far from impressive in the build-up to political votes in recent years. Whatever it was, the pair’s nerves settled when the first major exit polls hit the headlines. It soon became clear that after six weeks of campaigning,...
Coronavirus Remains Outlook Focus for Australian Dollar as Fears Lighten

Pound Hits New 41-Month High Versus Australian Dollar Ahead of UK Election

The pound to Australian dollar interbank exchange rate stands at 1.93 today. This is its highest in 41 months, or since June 24th 2016, the day after the UK’s referendum in favour of Brexit. The GBP to AUD interbank exchange rate has hit this new 41-month high, because the latest opinion polls continue to suggest that the Conservatives will win a majority, at the UK’s election this Thursday. According to the average of the latest polls, for example from Survation and BMG, the Tories have a...
Pound to Australian Dollar Exchange Rate: AUD Remains Under Pressure from Risk-Off Market Mood

Pound to Australian dollar rate falls before Friday’s Brexit deadline

The pound to Australian dollar exchange rate has fallen over the last week to the tune of 3 cents for GBP/AUD. The markets are preparing for a volatile few days ahead as Brexit remains the main driver for the GBP to AUD pair. Today in Parliament will be a debate on extending Article 50, whilst discussions between the two main political parties continue to try and find cross party support for a deal on Brexit. So far, whilst discussions have been technical they have...
Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

GBP to AUD Falls Further as UK GDP Forecast Flat in November

The pound to Australian dollar interbank exchange rate stands at 1.8799 today. By comparison, back on Wednesday 8th, sterling was as high as 1.9154 versus the so-called Aussie, so it’s since lost out by 1.85%, or by around 3.5 cents. GBP has declined in value against the AUD, partly because it’s forecast that UK economic growth was flat in November, ahead of office statistics released this morning. According to financial market estimates, UK GDP (Gross Domestic Product) remained at 0.0% in late 2019, although there’s a...
Trump trade optimism sends the Pound to AUD rate lower

Trump trade optimism sends the Pound to AUD rate lower

Hopes of trade war resolution increase The pound (GBP) to Australian dollar (AUD) rate headed north yesterday morning, as persistent fears of a no-deal Brexit were outweighed by news that Australian interest rates could be cut further. This, coupled with weaker-than-expected first quarter Australian house price index figures, caused the AUD to slip to its lowest level in around a decade. A phone call between US President Donald Trump and Chinese President Xi Jinping enabled the AUD to regain some momentum later in the day. Hopes...
Pound to Australian Dollar outlook How long will the Brexit extension be?

Pound to Australian Dollar outlook: How long will the Brexit extension be?

The pound to Australian dollar exchange rate has made some small inroads at the start of another intensive week of British politics. UK Prime Minister Boris Johnson is expected to assert pressure on the opposition in the House of Commons later today to try and secure a December 12th general election. These coming days ahead are likely to be important for GBP to AUD exchange rates. Those looking to buy or sell Australian dollars would be wise to plan around all the latest developments...