Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

AUD Finds Support Following Potential Breakthrough in US/China Trade War

GBP/AUD rates have remained fairly flat throughout the trading week, with the pair currently trading at around 1.82. Sterling had made significant inroads against the AUD over the past month, gaining almost 10 cents at the high. To put this in perspective, any investors transferring £100,000 GBP/AUD, would gain almost 10,000 AUD more than they would have at this time last month. The Pound’s rise has been well documented over recent days, with the EU seemingly softening their stance on a possible Brexit deal with the...
GBPAUD Forecast - Is the pound likely to make a move back towards 1.85?

Strong Australian Unemployment data – Have GBPAUD exchange rates peaked?

Higher Participation rate boosts AUD GBPAUD levels have come down almost 2 cents since the 1.8354 peak this week, currently trading around 1.8143. This is owing to a much better Unemployment report which suggest the Australian economy is performing better than previously believed This makes a future interest rate hike more likely than previously and is a good opportunity for anyone selling AUD for GBP. Pound to Australian dollar exchange rates had peaked at 1.8354 this week presenting some of the best rates since April, we...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

GBPAUD Rates Push Higher

The Pound continues its rally higher against the Australian Dollar with rates breaking over 1.83 for the GBPAUD pair. The times are changing now that Sterling has made material gains across a basket of currencies including the Australian and New Zealand Dollars. Much of the market movement is coming from a perceived better outlook on Brexit which is helping to lift the price of Sterling. Comments from the EU’s chief Brexit negotiator Michel Barnier suggest that a deal between Britain and the EU is...
Pound to Australian Dollar outlook What next for GBPAUD on Brexit?

Pound hits 4-month high against the Aussie Dollar, what’s driving the rate at the...

Overnight we've seen the GBP/AUD exchange rate hit a 4-month high, after the pair hit a high of 1.8361 in the early hours this morning. For those of our readers planning on making currency exchanges involving the Pound and Aussie Dollar, it's worth noting that the current rate is also around the highest levels since June of 2016 when the Brexit vote actually took place, making it an attractive time to make the exchange based on recent historical levels. The annual low is 1.6685 to...
Pound to Australian Dollar exchange rate Sterling improves against the Australian Dollar after Boris effect

GBP AUD Rallies Higher to 1.82, Trade Concerns Remain

The Pound has rallied higher against the Australian Dollar with rates breaking 1.82 for the GBP AUD pair this morning. The Australian Dollar has been squeezed over ongoing trade concerns as a result of the trade wars between the US and China. It has been reported that US President Donald Trump is earmarking another $267 billion of tariffs on Chinese goods creating more uncertainty for the Australian Dollar. Considering the volume of exports of commodities and raw materials that go to China from Australia then...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

GBP/AUD exchange rates at highest levels since May as risk appetite decreases

Sterling has hit the highest levels we have seen against the Australian Dollar in a number of months, as progress is reportedly going well with Brexit talks for the U.K and risk appetite around the world is dropping like a stone. The Australian Dollar really is having a tough time on the markets this week; there are growing concerns on how the emerging market currencies are performing which is leading to a huge sell off of so called 'riskier' currencies and the Australian Dollar is...
Pound to Australian Dollar Exchange Rate: Could the Pound Hit 1.90 vs the Australian Dollar?

GBP/AUD breaches 1.80

GBP/AUD - The Pound has struggled of late due to the lack of clarity surrounding Brexit. While a "no deal" scenario is still a possibility the pound stands little chance of making significant gains. UK trade secretary, Liam Fox recently said he thinks there is a 60% of a "no deal" situation and Reuters have it at a more modest but still worrying 25%. We did see Sterling make gains against the Australian Dollar yesterday following news that both Germany and UK has slightly changed...
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 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...
Pound to Australian Dollar outlook GBPAUD back below 1.80

Pound hits best level to buy Australian Dollars since June

The Pound has hit its best level to buy Australian Dollars since late June creating some excellent opportunities to send money to Australia from the UK. The Australian Dollar weakened during yesterday's trading session as housing data showed a fall for July and business investment also showed a large drop during the previous quarter. The Australian Dollar has moved closer to 1.80 and I think we'll see this hit later on during today as the Pound has already been moving in an upwards direction this morning. The...