GBP to AUD rate rises despite falling UK inflation

Brexit news to influence GBP/AUD rates

The remained of this week is extremely important for sterling exchange rates, with the start of the EU Brexit summit earlier today. Should we get to the end of the week without a deal being agreed then it would not be a great surprise to see sterling exchange rates weaken quite considerably, on the flip side should we hear news that a deal has provisionally agreed then we may see a good boost to the value of the pound. Presently, if media reports are to be...
Pound to Australian Dollar exchange rates Should I buy Australian Dollars now?

Australian election cause volatility for pound to Australian dollar rates

The general trend on pound to Australian dollar rates been that of the Australian dollar weakening predominantly due to the ongoing trade battle between the United States and China. Australian dollar makes gains against sterling as Brexit political frictions continue The trade war has had a significant effect on the Australian economy as China is Australia's primary trading partner. Despite this, the Australian dollar has benefitted from the political frictions in Britain over the last fortnight. This  has seen the Austalian gain around 4 cents against sterling,...
GBP to AUD rate rises despite falling UK inflation

Dollar Strength after Strong Jobs Data – Pound to Australian Dollar Exchange Rates

Expect more volatility for the Pound to Australian dollar exchange rate Pound to Australian dollar exchange rates have lost considerable ground over the last week although there does appear to be some support with rates holding firm above 1.75 for the Pound to Australian dollar rate. Much of the market movement and volatility has stemmed from the recent uncertainty in British politics, which has resulted in a sharp fall in sterling exchange rates. Expect a volatile week for the Pound to Australian dollar exchange rate,...
Pound to Australian Dollar forecast Will GBPAUD rates test new lows?

Pound to Australian dollar rate hits a new annual high

The GBPAUD exchange rate has once again seen a boost to its value, with the pair trading as high as 1.8774 in the early hours of this morning. This is also the annual high, which is the highest level seen since June of 2016 which was before the Brexit vote took place and the markets didn't expect the Brexit vote to actually materialise. This 33-month high has left sterling sellers in a good position, which may surprise some within the markets as the next week...
Brexit uncertainty outweighs Austalian economic problems

AUD Exchange Rates Supported after RBA Holds Interest Rates

The Pound has fallen lower against the Australian Dollar today with levels sitting above 1.78 for the GBP AUD pair. The Reserve Bank of Australia (RBA) have held interest rates at the record low of 1.5% as widely expected. The RBA highlighted that inflation continues to remain below target, although it did signal that inflation could start to rise later in the year and this point appears to be helping support the Aussie today. The reality though is that interest rates are unlikely to...
Pound to Australian Dollar exchange rate Sterling and Australian Dollar at pivotal point of 1.80

Pound to Australian Dollar rate hits 2-year high, where to next for GBP/AUD?

In early trading yesterday the GBP/AUD rate hit its annual high, which was also the highest level the pair have hit since the Brexit vote back in June of 2016. At its highest level it hit 1.8622 and at the time of writing the pair are now trading in the mid-1.84's so there has been a slight sell-off already since yesterday's spike. Those of our clients and readers planning on making currency exchanges from pound's to Aussie dollars are now able to trade at attractive...
Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

Pound to Australian Dollar Rates Supported Despite Brexit Limbo

Pound to Australian dollar rates continue to be supported between 1.81-1.82 for the GBP vs AUD pair. The ongoing Brexit uncertainty remains in place with a deadlock in the negotiations over the controversial Irish backstop. Whilst meetings continue, the next official meeting between UK Prime Minister Theresa May and European Commission President Jean Claude Juncker will not take place until the end of February, leaving an uncertain fortnight ahead for pound to Australian dollar rates. A meaningful vote in parliament is expected to be held...
Will the Reserve Bank of Australia cut interest rates in May?

Will the Reserve Bank of Australia cut interest rates in May?

The Reserve Bank of Australia will be holding their next monetary policy meeting to decide what to do next with interest rates. There is a chance that we could see an interest rate cut after last week's lower than expected inflation data. Inflation fell from 1.8% to 1.3% and with this being underneath the target level this is a big justification to cut rates as inflation is now sitting at a 2 1/2 year low. Indeed, when inflation fell as low as this previously the former...
Pound to Australian Dollar exchange rate Sterling and Australian Dollar at pivotal point of 1.80

Will Australia cut interest rates soon and the impact on the pound vs the...

The Australian dollar has been struggling against the pound during the last few days after lower than expected inflation data published yesterday morning. Expectations were for a fall from 1.8% to 1.5% and we saw the figures falling even further to 1.3% for year on year. This caused the Australian dollar to weaken against the pound with GBP/AUD exchange rates hitting their best rate to buy Australian dollars in 3 weeks. With inflation falling this is likely to put further pressure on the Reserve Bank of...
GBP/AUD Forecast - Is the pound likely to make a move back towards 1.85?

GBP/AUD Forecast – Is the pound likely to make a move back towards 1.85?

GBP/AUD rates have fallen away from their recent high this week, with the pound failing to make any impression on the 1.85 resistance level. Sterling has once again felt the effects of the Brexit stranglehold, which continues to weigh heavily on investors' risk appetite for GBP. GBP/AUD Forecast Whilst its failure to make a run on 1.85 will be a disappointment to those clients looking to execute a purchase of Australian dollars, it has least for the time being found plenty of support above 1.80. This is now...