Pound to Australian dollar exchange rates Bank of England warn a no deal Brexit could cause the pound to fall further

Pound to Australian Dollar exchange rates: Will the Pound fall further against the Australian...

What has happened to Pound to Australian Dollar exchange rates? Since the start of May, the pound has had a torrid time against all major currencies including the Australian dollar. Mid-Market exchange rates at the beginning of May were trading close to 1.8850 and at the time of writing this report, exchange rates have dropped to 1.7975. To put this into monetary value an AUD$300,000 purchase now costs clients an additional £8,000. Bad news for any client looking to purchase Australian dollars, good news for...
Pound to Australian Dollar exchange rate Sterling and Australian Dollar at pivotal point of 1.80

Pound to Australian Dollar exchange rate: Sterling and Australian Dollar at pivotal point of...

Both sterling and the Australian dollar appear to be locked in battle at present as the pound to Australian dollar exchange rate continues to rise and dip just above and just below 1.80. Conservative Party leadership TV debate: Boris Johnson reaffirms plan to leave EU by October 31st On the sterling side of things, a no deal Brexit is still very much looking on the cards and last night during the Conservative party leadership debate in the UK, the hot favourite Boris Johnson once again retained...
Pound to Australian Dollar rate AUD makes gains against Sterling

Pound to Australian Dollar rate: AUD makes gains against Sterling

Easing tensions in US China trade war: Does this provide the Aussie Dollar with some support? The Australian dollar has made gains of late against the majority of currencies due to several contributing factors. The US/China trade war is currently going through a tentative truce stage which has eased investor concerns on commodity based currencies such as the Australian dollar. Due to Australia's heavy reliance on China purchasing it's exports the truce has seen investors regains some confidence in the Aussie dollar. RBA interest rate rumours There...
Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

Pound to Australian Dollar Forecast: GBP/AUD rate falls below 1.79

The pound to Australian dollar exchange rate has fallen lower with rates having briefly dropped below 1.79 this morning for the GBP to AUD pair. Sterling lower as no deal Brexit becomes credible possibility Brexit continues to drive the price of sterling lower as a no deal Brexit outcome has become a credible possibility. Conservative favourite for Prime Minister, Boris Johnson is expected to push forward the prospect of a no deal to ensure that Britain does in fact leave the European Union by the latest...
Pound to Australian Dollar Outlook - GBP/AUD Rates Fall below 1.80

Pound to Australian Dollar Outlook – GBP/AUD Rates Fall below 1.80

The pound to Australian dollar exchange rate has fallen lower with rates for GBP vs AUD having fallen below 1.80 for the pair. Brexit dominates the British news and continues to act as a dampener for sterling exchange rates. Since the resignation of UK Prime Minister Theresa May the pound has dropped lower against the Australian dollar, as the Conservative leadership has put forward hopefuls Boris Johnson and Jeremy Hunt for the position of Prime Minister. The Conservative leadership contest for the top job...
Pound to Australian Dollar rate AUD makes gains against Sterling

Pound to Australian Dollar exchange rates: AUD hits six-month high against GBP

Fears of No Deal Brexit continue to weigh on Sterling The pound to Australian dollar exchange rates had fallen below 1.79 this morning, with the pound coming under increasing pressure this week. Sterling has seen its value decline of late, as fears of a no-deal Brexit continue to sap investors risk appetite for the pound. The current downturn against the AUD, which has seen the pounds value tumble below 1.80, is a stark reminder of the current uncertainty around the UK economy. The AUD is now trading...
Pound to Australian Dollar rate slides as 'no deal' Brexit probability increases

Pound to Australian Dollar remains below 1.80 for now, could Sterling see further falls?

Australian Dollar continues to outperform Sterling Despite the Reserve Bank of Australia cutting its interest rate on Tuesday down to the lowest level in its history (1%), the Australian dollar remains strong and yesterday it was actually the strongest performing currency within the G10 group of currencies. The recent strength for the Aussie dollar has pushed the GBP/AUD pair below the 1.80 level which had previously been a psychological level of support but now that we've seen the pair break below this level it looks like...
Pound to Australian Dollar forecast amidst Brexit and political uncertainty

Pound to Australian dollar rates: Why is the pound dropping against the Australian dollar?

This week the Reserve Bank of Australia (RBA) cut interest rates by 0.25bps. History tells us when a central bank cuts interest rates that tends to devalue the currency, however this week the pound has continued to lose value against the Australian dollar and many of my clients want to know why. AUD rates: US / China Trade talks positive for the Australian dollar At the G20 summit President Donald Trump of the United States and President Xi Jinping of China appear to have had...
Pound to Australian dollar forecast: RBA cut interest rates, what next?

Pound to Australian dollar forecast: RBA cut interest rates, what next?

As the Reserve Bank of Australia (RBA) cut interest rates overnight, there is a fair bet that there could be even more cuts up ahead. Investors are bracing themselves for further uncertainty leading to the RBA taking the necessary decision to cut interest rates, to help stabilise the economy. In his commentary afterwards, Governor Robert Lowe, pointed out ‘subdued’ inflation figures, that have with rising unemployment created the conditions for a cut. Pound to Australian dollar rates have trickled down lower, presenting Australian dollar buyers...
Pound to Australian Dollar Forecast: US/China Truce Strengthens AUD

Pound to Australian Dollar Forecast: US/China Truce Strengthens AUD

In today's Pound to Australian Dollar forecast we look at the shift in the GBP/AUD exchange rate following the recent news on trade talks between the US and China. A trade truce between the US and China has caused quite a significant, positive movement for the Australian Dollar against the majority of major currencies. This is despite the high probability of a rate cut from the Reserve Bank of Australia (RBA) tomorrow. Australia is heavily reliant on China purchasing it's goods and any slow down in...