Rates Break over 1.92

Pound to Australian Dollar forecast: Lacklustre employment rate hampers Australian Dollar

Disappointing data Down Under The pound (GBP) to Australian dollar (AUD) rate crept over $1.83 for the first time since late May on Wednesday, following a surprising slump in consumer confidence Down Under. The disappointing reading – down from 0.6% to -0.6% – came despite the Reserve Bank of Australia’s (RBA) attempts to lift the economic gloom by cutting interest rates earlier this month. Even a strong showing from the Chinese consumer price index couldn’t shore up the AUD, with existing worries over the strength...
Pound to Australian Dollar forecast December election approaches

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...
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...
Pound to Australian Dollar forecast GBPAUD rates see movement as a possible Brexit extension is on the horizon

Sterling Australian Dollar exchange rates stable as we potentially head towards Brexit deal

The Pound has remained fairly stable against the Australian Dollar over the course of the trading week and the exchange rate has not managed to move too far away from the 1.80 level. Currently it looks like the UK are heading ever closer to negotiating an initial deal with the EU and rumours that hit the wires yesterday suggested that there is not a timeline in place for Theresa May and Brexit negotiator Dominic Raab to start the ball rolling and take one step closer...
How Will the Election Influence GBP/AUD Exchange Rates?

Pound to Australian Dollar forecast: Political uncertainty eases in the UK

The Boris Johnson factor The political uncertainty that was rife prior to the Tory leadership contest eased on Thursday after the first round of voting produced a potential one-horse race. Boris Johnson’s convincing victory, which saw him win 71 more votes than his closest rival, helped temper the uncertainty and provided the pound (GBP) with a slight upswing of support. While an overall victory for Mr Johnson – a Eurosceptic – isn’t necessarily the preferred outcome for GBP investors – and those hoping for a...
Downward pressure on the Aussie dollar continues as US China trade war escalates

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...
Rates Break over 1.92

Pound to Australian Dollar Forecast: Rates Break over 1.92

The pound to Australian dollar exchange rate has moved higher with rates breaking over 1.92 for the GBP vs AUD pair creating a good opportunity for those looking to buy Australian dollars. General Election The UK general election set for Thursday 12th December is fast approaching and is the main driving force for sterling exchange rates. The pound has rallied higher after an opinion poll released yesterday suggested that the UK will avoid a hung parliament in the election. The markets are taking some comfort that...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

Pound to Australian Dollar forecast: Sterling still struggles against the Australian Dollar despite many...

The pound is still struggling against most major currencies including the Australian dollar as both sides of the currency pairing battle it out to be the best of a bad bunch. Since the sterling highs against the Australian dollar in May of 1.8881, the pound to Australian dollar exchange rate has fallen to current levels of 1.7688 due the increasing uncertainty over Brexit. New UK Prime Minister to be announced next week With the UK poised to announce a new Prime Minister next week there is...
Australian Dollar Weakens as Unemployment Increases Down Under, What Next for GBP/AUD?

Are GBPAUD exchange rates headed for 1.80 this week?

The latest set of Australian GDP data has come in much better than expected with growth for the previous quarter year on year showing 3.4% compared to the consensus of 2.8%. Typically this news would provide support for the Australian Dollar vs the Pound, but shortly after the Chinese published their latest Services PMI data this morning the data showed a fall. As China is Australia's largest trading partner this news caused the strengthening in the Australian Dollar to be relatively limited against the Pound. We...
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...