GBP to AUD Rates Hit 2 1/2 Year High

GBP to AUD Rates Hit 2 1/2 Year High

The pound to Australian dollar exchange rate continues to move higher having now broken 1.88 for the GBP to AUD pair as Brexit developments heavily impact the exchange rate. Rates for GBP to AUD are now sitting at a 2 ½ year high creating a good opportunity for those looking to buy Australian dollars. Last night the UK Government was defeated in a vote that takes a no deal Brexit off the table. Will Parliament vote to extend Article 50? Parliament will today debate and vote...
Sterling against Australian Dollar in for a volatile week as key Brexit votes approach

Sterling to Australian Dollar rates in for a volatile week as key Brexit votes...

The Pound is in for a volatile trading week as UK Parliament head towards a number of key votes over the course of the next few working days. The votes could pave the way for where Brexit heads next and I personally feel that this will be the main driver for the Pound against the Australian Dollar over the course of this trading week. The key dates for your diary this week are below, previously the votes have been towards the evening in the UK and...
Pound to Australian dollar predictions: What next for Brexit?

Pound to Australian dollar forecast: GBP/AUD levels hit post-Brexit highs

The pound to Australian dollar has hit fresh 2-year highs, presenting clients looking to buy Australian dollars with a fresh chance to buy at some of the best levels since the EU vote in 2016. The expectation is that the pound could well push higher against a weaker Australian dollar, although investors are bracing themselves for all manner of outcomes next week. Australian dollar weakness The overall belief for the future is that the Australian dollar could struggle further owing to the uncertainty from the Trade...
Pound to Australian dollar rate hits a new annual high

Pound to Australian dollar rate hits a new annual high

The GBPAUD exchange rate has once again seen a boost to its value, with the pair trading as high as 1.8774 in the early hours of this morning. This is also the annual high, which is the highest level seen since June of 2016 which was before the Brexit vote took place and the markets didn't expect the Brexit vote to actually materialise. This 33-month high has left sterling sellers in a good position, which may surprise some within the markets as the next week...
GBP to AUD forecast - Fridays Brexit deadline

GBP to AUD forecast: Further problems for the Australian dollar against sterling

The Australian dollar has lost further momentum against sterling as the latest Australian Growth numbers disappointed overnight. GDP for the quarter was released at 0.2% down 0.1% and GDP for the year fell by 0.2% to 2.3%. This data release puts further pressure on an economy that is already struggling. The slowdown in China due to the ongoing trade war with the US is causing investment to slow in Australia. The housing market in particular is under severe pressure and the Reserve Bank of Australia...
GBP to AUD forecast: GBP/AUD exchange rate breaches 1.87

GBP to AUD forecast: GBP/AUD exchange rate breaches 1.87

In today's GBP to AUD forecast we look at how the rates are being affected by the high probability of a Brexit extension. The GBP/AUD exchange rate will still largely be dictated by Brexit. The next key event is due to take place before 12th March, but is likely to be on the day itself. Theresa May's Brexit deal is due to be voted on by Parliament and in it's present form I believe there is little chance the deal will be voted through. If we...
GBP to AUD forecast: Pound to Australian Dollar trades close to 4-month high

GBP to AUD forecast: Pound to Australian Dollar trades close to 4-month high

Sterling has strengthened this week with the currency hitting new highs against a number of major currency pairs. The reversal of fortunes for the GBP/AUD pair in particular within the past 2 months stand's out after the pair dropped as low as 1.72 in January and hit 1.8732 earlier this week. So far today the pair have attempted to break the 1.87 mark although there does appear to be resistance at this level which was the case back in October also when the pair hit...
GBP to AUD forecast: Further positive signs for the Pound vs Australian dollar

GBP to AUD forecast: Further positive signs for the Pound vs Australian dollar

It's been a fantastic 4 weeks for the pound vs Australian dollar. GBP to AUD exchange rates have increased from 1.7880 to 1.8630 at the time of writing this article. To put this into monetary value, clients that are emigrating to Australia are now generating an additional $30,000 Australian dollars on a £400,000 transfer. The improvement has come following Theresa May's change in stance in regards to Brexit. For the last 2 years the PM has stated 'no deal is better than a bad deal'...
Australian dollar up against the pound but could have problems next week with Australian inflation data

Sterling close to highest level against Australian Dollar since the Brexit referendum

Pound Sterling forecast Sterling has made consistent gains against all major currencies over the course of the trading week and this afternoon has closed in on the highest level we have seen since the original referendum on Brexit. Most of this movement is down to investors and speculators once again finding the Pound of great interest as the chances of 'no deal' Brexit are have decreased. Prime Minister Theresa May will have up to three votes on or before March 12th which will include a meaningful vote...
GBP to AUD Forecast - Brexit Leads to Constitutional Crisis

GBP to AUD Forecast: Australia’s Coal Exports put in Jeopardy

Australian Dollar suffers due to heavy reliance on China The Australian Dollar has lost ground of late due to coal trade between China and Australia. Last week we witnessed China put a ban on coal imports from Australia which caused a drop in investor confidence as coal is one of Australia's primary exports along with iron ore. It has been reported that five harbours in China will no longer allow coal to be cleared. The Australian PM, Scott Morrison has attempted to quell the situation stating that...