Australian Dollar Hits 5-Month High, Whilst GBP Looks Unstable With Risk of No-Deal Brexit
As the markets return to work after the festive period, the break has been a positive one for the AUD which finds itself at a 5-month high. Meanwhile GBP has taken a tumble to a 4-week low after worries continue about the risk of a no-deal Brexit. The losses over Brexit concerns have reversed the previous gains experienced from the improved UK consumer confidence index.
Optimism Surrounding the Australian Economy
The Australian economy has been on the rise of late, the strong showing came off the...
Australian Dollar Looks Set for Breakout to End the Year but 2020 Surrounded in...
AUD has had an up-and-down week, with uncertainty for the future being the main negative focal point for the currency. But optimism has been evident in places with Australian shares rising this week. The outlook for the Australian Dollar is enshrouded in uncertainty and investors are concerned with the direction the RBA may take with their monetary policies going into the new year.
Slow Week for Australian Dollar, Uncertainties Remain but Optimists Look to Defy Negativity
For AUD, the week has been relatively slower than most...
Economists Predict a Break for AUD Whilst GBP Softens After Hectic Year
News for the upcoming week is suggesting that the Australian Dollar is primed for a break to a fresh 22-week high, but this momentum has been slowed mainly due to the fading liquidity. The uncertainties surrounding interest rates for AUD in 2020 are still present and causing concern for some investors. Meanwhile, for GBP, it has seen a softening after a rollercoaster year that has been dominated by the Brexit news and the General Election. With the GE over and an EU withdrawal plan...
GBP to AUD Forecast: Australian Dollar Outlook for 2020 Looks Bleak, Economists Suggest Slow...
The AUD has not had the best year in 2019, with lowered interest rates, an above target unemployment rate and lowered spending all combining for a slow year. Economists have warned that 2020 does not look like it will shape up to be much better than 2019. More interest rate cuts are expected, and the outlook is being pinned as better than 2019, but still below potential. They have further stated that the biggest potential surprise could be if the economy picks up at...
GBP to AUD: Australian Shares Tipped to Open Ahead of Christmas, Whilst the GBP...
As Christmas draws closer, the markets are starting to settle down for the festive period. However, reports have suggested that Wall Street could rally and buoy Australian shares on the international market ahead of Christmas. Economists are suggesting that the futures market is set to open up 10-15 points on Monday. Meanwhile, the GBP’s recent political reality check has given an insight into what trading in 2020 could shape up to look like.
Late December Rise for Australian Shares
With economists tipping that Aussie shares are...
Australian Dollar Finds Support in Jobs Data, but 2020 RBA Cuts Look Likely and...
AUD has had an up-and-down sort of week this week as the market prepares to settle down for the festive period. The currency found support in positive data but also had its fair share of poor performing data which limited gains for the Aussie Dollar.
Positive Data Lifted AUD This Week but Some Bumps in the Road Have Occurred
The week started off on the front foot with news from the previous week surrounding the US-China talks sending out the message that a deal had been...
Pound to Australian Dollar Forecast: RBA Less Likely to Cut in 2020
The sterling vs Australian dollar interbank exchange rate stands at 1.8902 today, close to its weakest in five weeks, or since November 13th.
The pound has weakened versus the so-called Aussie dollar, in part because the Reserve Bank of Australia (RBA) now looks less likely to cut Australia’s interest rates below their current 0.75%, early next year.
This is because, earlier this week, we learnt that Australia’s unemployment rate unexpectedly fell by -0.1% in November, to 5.2%, as Australia’s businesses created a bumper 39,900 jobs.
This...
Australian Dollar Awaits Jobs Data Whilst Sterling Odds Are Favouring a 2020 Rate Cut...
The Australian dollar is awaiting news of jobs data which is set to be released later today. Overall trading has slowed as investors make their way into the holiday season and await further details to emerge from the US-China trade deal. Meanwhile, the UK has attempted to claw back some of the election gains which were lost post-election mainly due to the announcement that a hard Brexit deadline has been set by the UK PM Boris Johnson. But reports from economists suggest that the...
Pound to Australian Dollar Weakens in Spite of Downbeat RBA Meeting Minutes
The GBP to AUD interbank exchange rate stands at 1.9141 today. This is -1.9%, or over -3.5 cents, below sterling’s 41-month high against the so-called Aussie, its strongest since June 24th 2016, reached this Monday 16th December, at 1.9513.
The sterling vs Australian dollar interbank rate stands further below its 41-month high today, because UK Prime Minister (PM) Boris Johnson has unexpectedly tightened the UK’s future EU trade deal negotiations schedule.
Speaking yesterday, PM Johnson said that he’ll amend the Brexit deal, called the Withdrawal...
Pound to Australian Dollar Exchange Rate Outlook: Where Next for GBP AUD Levels?
Pound to Australian dollar levels have been rising following the outcome from the UK’s General Election, which saw the Conservative Party win a resounding majority under Boris Johnson. It is currently the best time to buy Australian dollars with pounds since before the Referendum June 2016.
With the recent advance for sterling, it is currently the best time in 3 ½ years to purchase Australian dollars with pounds. How likely is this to continue? Well, the outcome from the election in the UK is still...