Pound to Australian Exchange Rate Forecast: Will GBPAUD Exchange Rates Fall Further?

Pound to Australian Dollar Exchange Rate Forecast: Will GBPAUD Exchange Rates Fall Further?

The Australian dollar has been stronger against the pound, testing interbank levels of 1.9539 this morning, closing in on a six-week high for the Australian currency against the pound. This is the result of renewed optimism in the economic outlook in China, with a feeling that the worst might now be over. Despite China reporting a -6.8% fall in GDP data last week, the pound to Australian dollar rate has been falling, perhaps in response to signs that the UK is experiencing a bad fallout...
Australian Economy Likely to be Worst Hit But to Bounce Back Strongest

Australian Economy Likely to be Worst Hit But to Bounce Back Strongest

This week saw the Australian dollar remain firm against the pound, finishing the week in almost the same place as it began. GBPAUD consolidated just above 1.96 on the interbank market, with a weekly high and low of 1.9889 and 1.9530 respectively. Whilst GBPAUD has seen limited movement this week, the Australian dollar is still almost 2.5 per cent stronger over the month. The International Monetary Fund (IMF) has predicted that the Australian economy will contract by 6.7 percent this year, more than double that...
AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

GBPAUD Exchange Rate: Sterling Falls Back From 2.0 Australian Dollar Level

The pound to Australian dollar exchange rate has fallen further away from the 2 dollar symbolic mark with rates currently trading at 1.9635. As some economies such as Germany and the US begin to start relaxing lockdown measures that have been in place since March, this could be the start of further improvement for the Australian dollar. The Australian dollar as a commodity currency is directly impacted by the performance of other economies and usually suffers in times of economic uncertainty. Any major progress fighting...
GBPAUD Volatility Remains High as Economic Data Takes Centre Stage

GBPAUD Volatility Remains High as Economic Data Takes Centre Stage

The pound has moved over 2.5% from high to low versus the Australian dollar as it fails to maintain it’s position at over 2.00 AUD. The pound has been hampered over recent days as market fears begin to calm. The uncertainty felt throughout March as coronavirus began to spread at pace outside of China has now wained as the global pandemic has taken hold. Despite trading below 2.00 it is worth reminding those who need to purchase Australian dollars that at 1.9828 (current interbank...
Pound to Australian Dollar Outlook: Is AUD Showing Signs of Strengthening?

Pound to Australian Dollar Outlook: Is AUD Showing Signs of Strengthening?

The pound vs the Australian dollar has started to fightback after falling below 2 over the last few days. AUD appears to have shown signs of strengthening after it was announced last week that Wuhan was opening up for trade once again. As China is Australia’s largest trading partner any signs that things are improving in the world’s second largest economy can often be reflected in the value of the Australian dollar and this could be one of the contributing factors for the Australian dollar’s...
Sterling to Australian Dollar Weekly Outlook: Will GBPAUD Levels Rise or Fall?

Sterling to Australian Dollar Weekly Outlook: Will GBPAUD Levels Rise or Fall?

The pound to Australian dollar has experienced a decline, after rising to fresh highs in recent weeks. The Australian dollar has been bouncing back against sterling because of improved market sentiments towards the Coronavirus and signs of recovery in the Chinese economy. GBPAUD levels has risen as high as 2.0780, but have now fallen down to 1.9638, as sterling too comes under some pressures. With the Coronavirus still not appearing to have peaked in the UK, and wide expectations the lockdown and social distancing measures...
Aussie gains 3.44% in one week

Aussie gains 3.44% in one week

The Aussie dollar has recovered sharply from its March low of 2.0780 (interbank market) against the pound as measures put in place by nations and their central banks provide investors with some comfort. The Aussie dollar has been lifted by the globalised effort to counter the worst of the coronavirus pandemic crisis. The Aussie was also boosted by its own central bank’s decision to not slash interest rates to a new historic low. Instead the Reserve bank of Australia maintained interest rates at 0.25%....
GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

The pound continues to struggle following the news on Monday evening that Prime Minister Boris Johnson was moved into intensive care. Johnson’s health is important to the pound as he is seen as a competent and decisive leader who has been a guiding light to the UK during this pandemic. Following his third night in hospital he is believed to be responding well to treatment. Whilst the PM remains out of action it is business as usual for the government and Dominic Raab will chair...
GBP to AUD Rate: Pound vs Australian Dollar Back Above 2, but Could Chinese Economic Data Support the AUD?

GBP to AUD Rate: Pound vs Australian Dollar Back Above 2, but Could Chinese...

The pound vs the Australian dollar is back trading above 2 on the interbank level after falling during yesterday’s trading session. AUD has been generally weakening against the pound since the Bank of England introduced new monetary policy measures back in March. The Bank of England cut interest rates to just 0.1% and introduced Quantitative Easing measures of £200bn. This injection of stimulus helped to support the pound against a number of different currencies after a period of freefall particularly vs the US dollar. Indeed,...
GBP Makes Gains Against AUD as Trade Relations Between China and Australia are Shaken

Pound to Australian Dollar Exchange Rate Outlook: Will the Aussie Rise Against the Pound?

The Australian dollar has risen back against the pound, dropping back below 2 on the GBPAUD interbank exchange rate. Sterling had been higher in recent weeks following optimism over progress on the economic methods necessary to steer a way through the crisis. The Aussie is stronger overnight as the RBA (Reserve Bank of Australia) interest rate decision was released and whilst there is no actual change in policy, their confirmation of a ‘wait and see’ approach to interest rates helped to calm markets as it...