Why is the RBA keeping interest rates on hold?

Brexit and US/China Trade War the key factors on GBP/AUD

US/China Trade War - Is a truce in sight? The US-China trade war is having a knock on effect on the Australian economy due Australia's heavy reliance on China purchasing it's goods and services. Donald Trump has been in talks with Chinese President, Xi Jinping this week to discuss trade relations and it seems his threats of a huge tariff increase may have done the job. Trump stated before negotiations that he we was willing to impose $200bln worth of tariffs on Chinese imports, up to 25%...
Pound Sterling Claws Back Gains on the Australian Dollar as BoE Holds Cash Rate

UK Parliamentary vote to influence Pound vs Australian Dollar rates

Pound vs Australian Dollar rates have continued to fall during the course of this week as the uncertainty of what will happen next with the Brexit issue continues to negatively influence Sterling exchange rates. Mark Carney offers gloomy outlook for disorderly Brexit scenario The Bank of England suggested yesterday that the Pound could fall by as much as 25% in the event of a no deal Brexit and whilst this claim appears to be very bold the uncertainty as we saw with the Brexit vote back...
Could the Pound hit 1.90 vs the Australian Dollar

GBP/AUD Forecast – Brexit Vote and Global Trade Wars Dominate Headlines

In today's GBP/AUD forecast we discuss the events that are likely to impact exchange rates this week. GBP/AUD rates are currently trading around 1.77, with the Pound still struggling to make any sustained move above 1.80. This inability to break through what has become a key threshold for the GBP/AUD rate, despite the UK and EU finally agreeing a Brexit deal, may be of concern to those clients looking to execute a GBP/AUD transfer over the coming weeks. Parliamentary approval of Brexit is far from a...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

Pound to Australian dollar rates: When will GBP/AUD rates rise back over 1.80?

The Australian dollar rate has been struggling to find its feet against its counterparts, but against the pound it has made notable progress owing to Brexit uncertainties. The Australian dollar is volatile owing to US-China trade concerns and acts as a barometer of this topic and global trade in general. The Australian dollar should remain rather sensitive to the headlines on both Brexit and also trade concerns as US President Donald Trump is scheduled to meet the Chinese leader Xi Jinping in Argentina later this...
Pound to Australian Dollar Exchange Rate: AUD Remains Under Pressure from Risk-Off Market Mood

GBP to AUD Rates Weaker as Brexit Vote Looms

GBP to AUD exchange rates remain on the back foot as the details over the future political declaration for Brexit are scrutinised. The EU agreed over the weekend the withdrawal agreement and political declaration which spells out what the future trade relationship will look like. So far the deal as it stands has attracted much hostility from large swathes of Parliament, which makes it very difficult for Prime Minister Theresa May to push the deal through in the House of Commons. Brexit vote expected on...
Pound to Australian Dollar forecast December election approaches

GBP to AUD rates: Will Sterling get back to 1.80 against the Australian Dollar?

GBP to AUD rates: Following a solid rise for the Pound against all major currencies and a brief appearance above 1.80 against the Australian Dollar last week, the Pound has been creeping back down in value against all major currencies. This has mainly been down to Brexit uncertainty and the worry that, despite showing backbone and making trips back over to Brussels to iron out the final creases in her Brexit deal, Prime Minister Theresa May is still going to struggle to get the backing...
Pound to Australian Dollar exchange rate Sterling improves against the Australian Dollar after Boris effect

Pound to Australian Dollar Forecast: Will Theresa May’s meeting in Brussels help the Pound?

In today's Pound to Australian Dollar Forecast we look at the events that are affecting GBP/AUD exchange rates now and what might impact the rate this week. Australian Dollar strength whilst the Pound weakens The Australian Dollar has recently hit its best level to buy Pounds in three months after a bout of both strength for the Australian Dollar combined with Sterling weakening during this period. The Pound has continued to struggle owing to the uncertainty of the ongoing Brexit news and this has caused the Pound...
Pound to Australian Dollar Forecast: AUD Domestic Weakness Pushes RBA Towards Rate Cut

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,...
Downward pressure on the Aussie dollar continues as US China trade war escalates

Pound to AUD forecast: Theresa May’s Brexit plan comes under heavy criticism

PM May's position in doubt The key driver for the Pound to AUD rate yesterday was of course Brexit. Theresa May's plan, which has been agreed in principal by Cabinet members has come under heavy criticism and has resulted in the resignation of UK Brexit Secretary, Dominic Raab. This was a major blow to Theresa May and her chosen replacement, Environmental Secretary, Michael Gove has rubbed salt in the wound by turning down the role. Gove stated if he were to take the position he...
Resignations in the UK and the impact of the Brexit deal on the Pound vs the Australian Dollar

Resignations in the UK and the impact of the Brexit deal on the Pound...

In what has been a very volatile week so far we have just had the news that UK Brexit Secretary Dominic Raab has handed in his resignation. Sterling has fallen dramatically against the Australian Dollar into the 1.76 levels after trading above 1.80 earlier this month. The Brexit deal that has been accepted has caused a huge amount of discontent across the markets and this has been reflected in the value of the Pound. Last night Australian unemployment figures were released and the data came out better...