Pound to Australian Dollar exchange rate Political issues support the Sterling vs the Australian Dollar

Australian Dollar suffers on rate hike outlook and global fears

The Australian Dollar has taken a few steps back as the market's recent ascendancy fails to continue. The Australian Dollar has suffered with the market not believing any interest rate hikes will be quite as forthcoming as it might be down the line, as confirmed by the RBA, (Reserve Bank of Australia) earlier this week. The Pound to Australian Dollar exchange rate has risen presenting some much better opportunities to be buying Australian Dollars with Pounds, some of the best in the last week. This...
Pound to Australian Dollar rate AUD sell off continues despite ongoing Brexit uncertainty

GBP/AUD forecast: Better than expected UK data fails to strengthen rate

Economic data released out of the UK last week beat expectations in many cases, demonstrating that the UK economy is remaining resilient despite the uncertainties weighing on the UK economy moving movement. How is this affecting the Pound to Australian Dollar exchange rate? Last week data released showed that the UK unemployment rate has dropped recently, and also that inflation isn't stagnant as the inflation figure came out better than expected. Retail Sales also beat expectations and this bout of impressive data can be added...
Pound to Australian Dollar forecast GBPAUD rates see movement as a possible Brexit extension is on the horizon

What to expect when planning a GBPAUD transfer

When planning a GBPAUD exchange at present, my advice would be to expect the unexpected as there are many factors impacting the currency pair. Since the middle of the summer, the Pound has lost 10 cents against the Australian Dollar, however at times Australian Dollar buyers have been presented with spikes in the market to take advantage of. Regular readers will be aware that Brexit uncertainties have caused investors to hold off investing in the UK or even sell off their Pounds and move assets...
Pound to Australian Dollar forecast Yellowhammer Brexit document and 'illegal' parliament suspension to influence GBPAUD rates

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...
Australian Dollar gains ground on Sterling Politics weighs on the Pound and Australian data generally positive

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...
Australian Dollar gains ground on Sterling Politics weighs on the Pound and Australian data generally positive

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...