Pound to Australian Dollar Forecast Brexit Developments

Pound to Australian Dollar forecast amidst Brexit and political uncertainty

Pound holding against the Australian Dollar Despite the weakness in sterling exchange rates as a result of recent Brexit uncertainty, the pound to Australian dollar exchange rate has held up surprisingly well. The Brexit deadline of 31st October 2019 inches closer with volatility expected for the GBP/AUD pair. Rates are currently sitting above 1.78 for and the direction of travel will likely be impacted on whether or not a no deal Brexit can be stopped by parliament. The no deal outcome which is being...
Pound to Australian Dollar rate Will the Reserve Bank of Australia cut rates further?

Pound to Australian Dollar rate: Will the Reserve Bank of Australia cut rates further?

The Reserve Bank of Australia (RBA) already has its interest rates at record lows, with the current 1% level well down from the 14% peak in the 1990's. The cutting of interest rates influences a currency by making it less attractive to hold, so goes economic theory which underpins the raising and lowering of interest rates. If the RBA cut interest rates further, what could be the effect on pound to Australian dollar exchange rate? Brexit main driver for GBP/AUD exchange rates Pound to Australian dollar...
Pound to Australian Dollar exchange rate Is Sterling likely to fall further as the chances of a no deal Brexit increase?

Pound to Australian Dollar exchange rate: Is Sterling likely to fall further as the...

GBP/AUD exchange rate as no-deal Brexit probability increases Amongst the leading economists and financial institutions, the chances of a no-deal Brexit appear to be increasing, with many suggesting the chances of a no-deal sit between 40% to 50%. One of the more pessimistic banks out there is Japan based MUFG which signals a 60% chance of a no-deal Brexit along with further falls for sterling exchange rates owing to the uncertainty and negative impact this could have on the UK economy.The pound to Australian dollar...
Pound to Australian Dollar exchange rate Political issues support the Sterling vs the Australian Dollar

Pound to Australian Dollar exchange rate: Sterling remains under 1.80 as no deal Brexit...

Pound to Australian Dollar marooned under 1.80 as no deal Brexit fears continue The pound to Australian dollar exchange rate remains below the 1.80 levels with the GBP vs AUD interbank exchange rate sitting at 1.7820 this morning. Brexit remains a dominant factor which is keeping pressure on the price of sterling. Under the new leadership of Boris Johnson the chances of Britain withdrawing from the EU without a deal have increased which has been reflected in a decline in the price of sterling. This...
Pound to Australian Dollar outlook GBPAUD back below 1.80

Pound to Australian Dollar outlook: GBP/AUD back below 1.80

Pound to Australian Dollar exchange rate drops as China posts better than expected export data Pound to Australian dollar exchange rates have slipped below 1.80, as continued uncertainty over Brexit weighs on sterling. The Australian dollar has performed better because of some improved Chinese economic data overnight. Year on year Exports from China posted a 10.3% gain, compared to an expectation of 2.9%. Will GBP/AUD find its way back over 1.80? The strong news for the Chinese economy was very pleasing for the Aussie as it...
Pound to Australian Dollar rate AUD sell off continues despite ongoing Brexit uncertainty

Pound to Australian Dollar rate slides as ‘no deal’ Brexit probability increases

Inflation & US/China trade war hurts AUD The pound to Australian dollar exchange rate has lost ground of late which can be largely attributed to the lack of clarity surrounding Brexit. Australia has had it’s own troubles however.  Inflation continues to be a problem down under and it is still some way behind the Reserve Bank of Australia’s (RBA) 2-3% target. The RBA cut rates earlier in the year to 1% in an attempt to combat inflation and there is the possibility of further rate cuts during...
Pound to Australian Dollar exchange rate Political issues support the Sterling vs the Australian Dollar

Pound to Australian Dollar forecast: Could the escalating tensions between the US and China...

Earlier this morning the pound to Australian dollar exchange rate traded close to the 1.80 interbank threshold which it has remained below for over a month now. The Australian dollar has been coming under pressure as the trade war talks between the US and China appear to have deteriorated quite drastically over the past few weeks. This has resulted in a sell-off within global stock markets. US stocks markets record biggest fall in 2019: US China trade war ramps up Yesterday, the Dow Jones fell by...
Pound to Australian Dollar forecast GBPAUD exchange rates holding in the 1.80s, could Supreme Court ruling cause volatility in rates?

Pound to Australian Dollar exchange rates: UK Businesses buy foreign currency in advance causing...

Sterling sell off by British companies causing movement for GBP/AUD exchange rates The pound to Australian dollar exchange rate has been declining since the start of May, with sterling losing value against all major currencies. Last week the Bank of England confirmed that British companies are close to a near record in regards to sterling deposits switched into Foreign Currency for the month of June. The Bank of England's commentary and the data that supports it shows that businesses within the UK that have exposure...
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: Bank of England warn a no deal Brexit...

The pound to Australian dollar exchange rate has had a torrid time this summer, as mid market exchange rates have dropped 10 cents since the start of May. The pound has been losing value against all major currencies due to the ongoing Brexit Saga and only earlier this week the Bank of England issued the new Prime Minster Boris Johnson with a stark warning that a no deal Brexit will cause the pound to fall further. Bank of England interest rate decision and comments Bank of...
Pound to Australian Dollar forecast Sterling falls against the AUD as No Deal Brexit possibility weighs heavily on the GBP

Pound to Australian Dollar forecast: Sterling falls against the AUD – No Deal Brexit...

The pound to Australian dollar exchange rate has suffered as the AUD has made significant gains against sterling of late, this is most likely down to sterling weakness as opposed to AUD strength. Long term low interest rates from the RBA Australia's economic outlook is not very optimistic. There is a heavy reliance on China purchasing its exports. Any slow down in Chinese growth has a knock on effect to the Australian economy. The US China trade war has the potential to escalate and prolonged which...