Coronavirus and China Developments Top Priority for Aussie

Brexit news: Progress leads to rise in pound to Australian dollar rate

The Pound to Australian dollar exchange rate has hit 1.81 during the last week as it appears as though the Brexit issue is getting nearer to a conclusion. Will a Brexit deal be agreed in November? Last week UK Brexit Secretary Dominic Raab suggested that a Brexit deal could be agreed as early as November 21st, although Downing Street has vehemently denied the claims as speculative. However, I think there is no smoke without fire and I think as each day goes by the UK are...
GBP to AUD Rate Weakens as the Aussie Strengthens on Positive Economic Data

Sterling weakness: Further falls expected for GBP/AUD exchange rates

Last night UK Prime Minister Theresa May suffered another blow at the EU summit, and I believe this could be the last nail in the coffin which could force her resignation. The EU humiliated the Prime Minister when they were clear that there will be no further concessions. In addition the EU went on to state that there will be no binding agreements or further legal text. A wounded Theresa May will now make her way back to the UK and MPs from all parties...
GBP to AUD Rate: Pound vs Australian Dollar Back Above 2, but Could Chinese Economic Data Support the AUD?

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...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

Pound to Australian Dollar forecast: December election approaches

The pound to Australian dollar exchange rate has slipped lower to 1.87, after the GBP/AUD pair had seen a strong rally in recent weeks. With no major developments expected over Brexit in the coming weeks and with parliament expected to be dissolved with an election on the horizon, the pound is likely to see market movement in the run up to the election as speculation mounts as to who will govern the United Kingdom. With more political parties campaigning in this election the strategy...
Aussie gains 3.44% in one week

GBP AUD Rates Move Higher – More Trade Tariffs Expected

The Pound continues its rally higher against the Australian Dollar with rates breaking 1.83 for the GBP AUD pair. Much of the market movement stems from an uncertain outlook for the Australian economy but also due to the wider uncertainty from the ongoing trade wars between the US and China. More trade tariffs are expected imminently from US President Donald Trump which will be levied on China and have a knock on effect on Australia. More of this action is likely to see further...
Aussie gains 3.44% in one week

Downward pressure on the Australian dollar continues as US China trade war escalates

The Australian dollar is hitting economic headlines for the wrong reasons at the moment, as the currency is currently trading around its lowest levels since 2016 against some major currency pairs. Australian dollar hits 3 year low against the US dollar On Wednesday the Aussie dollar finished the day at its lowest level against the US dollar since January of 2016, and the AUD/GBP rate is also trading close to 3-year lows despite the pound's woes owing to the Brexit uncertainty surrounding the UK and it's...
Pound to Australian Dollar Forecast: UK policymakers talk down the Pound

GBP to AUD Forecast: Will the Pound continue to improve against the Australian Dollar?

GBP to AUD Forecast: The Pound continues its fantastic run against the Australian Dollar The Pound has been performing very well against the Australian Dollar in recent weeks gaining by as much as 9 cents since the start of December. This is a difference of £5,850 on a currency transfer of AUD $200,000. This particular statistic highlights the importance of keeping up to date with what is happening to the foreign exchange markets and especially the GBP/AUD exchange rate which has moved a huge amount in...
Australian Economy Likely to be Worst Hit But to Bounce Back Strongest

Theresa May survives confidence vote and vows to continue with Brexit – Chinese growth...

Sterling has remained fairly range bound against the Australian Dollar so far this week, even with all of the goings on in U.K Parliament. Last night Prime Minister Theresa May survived a vote of no confidence by 325 to 306 which for now has held off a potential general election in the U.K. Brexit is well and truly the number one market mover when it comes to Sterling exchange rates against all major currencies and at present anything could come out of the woodwork at any...
Pound Exchange Rates Fall vs USD, EUR, CHF, Gain Against AUD

Pound Sterling Forecast – Will GBP rise or fall in June?

The pound weakened in May as the continued uncertainty over the economic effects of the Coronavirus weighed on the UK both politically and economically. The outlook for the UK has been tainted by the Coronavirus with the UK slightly behind the curve of many other countries who are gently opening borders and allowing freer movement of people and business. The UK Government has spent billions on a furlough scheme which whilst providing some temporary relief is also perhaps just papering over some significant cracks in...
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...