GBP AUD at Risk of Further Losses Ahead of Data

GBP AUD Steady After Aussie ‘Taper Tantrum’

The GBP AUD exchange rate was slightly higher, but the Aussie dollar still has the advantage after traders repriced their interest rate expectations for the Australian economy. There was a further panic in Australian bond markets after the central bank unexpectedly did not offer to buy the April 2024 yield target bond. The AUD GBP exchange rate is trading at 1.1828 and the pair will look ahead to the Bank of England rate meeting next week. Australian April 2024 bonds explode higher on ‘taper tantrum’ Australia’s bond...
Pound to Australian Dollar exchange rate GBPAUD rates as Brexit uncertainty continues

GBP AUD Higher but Sterling Weakness is the Trend

The GBP AUD exchange rate was higher by 0.20% in the Asian session, but the move is a small bounce in the ongoing Aussie dollar recovery. The pound peaked on August 20th and the Australian dollar has found support with an earlier than expected reopening. The latest inflation reports from the Australian economy also led traders to consider that Australia could follow its neighbour New Zealand with a rate hike. AUD GBP exchange rate is trading at 1.18355 and Rishi Sunak will also deliver his...
GBP AUD Gets a Lift but Sterling Still Weak

AUD to GBP Rate Higher as Virus Outweighs Brexit

The AUD to GBP exchange rate was trading higher on Wednesday as fears over the virus and lockdowns have outweighed any positive sentiment on the Brexit deal. The UK Parliament will vote on Boris Johnson’s deal later on Wednesday and the deal is set to pass as the Labour party and Johnson’s own party hardliners have said they will support the deal. AUDGBP was trading at 0.5650 early on Wednesday and the pair may want to test the previous highs at 0.5720. China Trade Spat Still...
AUD Rate Tumbles as Coronavirus Deaths and Infections Climb

AUD Rate Tumbles as Coronavirus Deaths and Infections Climb

The AUD rate has weakened against EUR and GBP this morning after the Australian government announced the deadliest day yet of the Coronavirus pandemic, but we could see Sterling tail off with the announcement this morning that the UK has officially entered a recession. Earlier this week it had looked as though the virus was being controlled in Australia, with new infection rates showing sings of steadying and as such there was a rebound in AUD value against most of it’s major counterparties at the...
Pound Sterling Forecast – Brexit No-Deal Still Weighs on GBP

Pound Sterling Forecast – Brexit No-Deal Still Weighs on GBP

The pound sterling forecast struggled yesterday and into today owing to the continued uncertainty of a no-deal Brexit. The outlook for the UK-EU negotiations has not been particularly favourable with lots of reports suggesting that the two sides are very far apart. Sterling fell yesterday as this news began to weigh on the pound, following comments from Andrew Bailey that he had warned Bank bosses in the UK to prepare for a no-deal exit, as reported by the Times today. Bailey is Governor of the...
GBP EUR Looks to Chancellor’s Autumn Budget

Pound Sterling Forecast – Will GBP rise or fall in June?

The pound weakened in May as the continued uncertainty over the economic effects of the Coronavirus weighed on the UK both politically and economically. The outlook for the UK has been tainted by the Coronavirus with the UK slightly behind the curve of many other countries who are gently opening borders and allowing freer movement of people and business. The UK Government has spent billions on a furlough scheme which whilst providing some temporary relief is also perhaps just papering over some significant cracks in...
GBPEUR Bounces on the Day with Limited Data Due

Pound Sterling Forecast: Will the Pound Weaken Further? 

With GBPEUR exchange rates having dropped from an interbank exchange rate of 1.15 towards the end of April down to a rate in the 1.11s at the time of writing this article, many of my clients are asking me about the Pound Sterling Forecast, and whether or not the pound could weaken further still? Add into the situation a 4 cent drop for GBPUSD (1.26 to 1.22) and a 9-cent decline for GBPAUD (1.95 to 1.86) and sterling exchange rates really have had a rough...
GBPEUR: What to Expect from the Bank of England

Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to euro and pound to dollar remain trading at 1.11 and 1.22 respectively but the pound fell to a new 7 week low against the euro during yesterday’s trading as the yield that is returned on UK government debt dropped below 0 percent for the first time ever and expectation for the Bank of England to cut interest rates below zero for the first time in history increased. On Wednesday the Debt Management Office auctioned £3.75 billion of government bonds for maturity in 2023...
Pound to Euro Starts the Week off Steady

Pound to Euro Rate Falls 1 Percent as Brexit Talks Remain Gridlocked

The pound to euro exchange rate fell more than 1 percent during Friday’s trading, closing the week at 1.1200 against the euro and 1.2112 against the US dollar. GBPEUR saw its worst week in nearly two months as the pound fell nearly 2.5 percent, and GBPUSD saw similar losses. Sterling was the worst performing of the G10 currencies as the pound was hit by fears of Covid 19 and Brexit risks. On Friday, Brexit tensions sent the pound tumbling as the UK and EU remained...
GBP EUR Looks to Employment Figures for Support

Pound Sterling Forecast – Will GBP fall further next week?

Last week wasn’t the best week for the pound with sterling finishing lower against pretty much all the majors. GBPUSD interbank rates started last week at 1.2430 before slipping to 1.2114 Friday, and GBPEUR began the week at 1.1454 before slipping to 1.1193 on the interbank rate by the end of the week. Two of the key reasons were the struggling of the Brexit talks with the UK openly attacking the EU’s approach, and also poor UK economic growth figures showing the UK is likely...