Sterling falls versus Australian dollar, as Brexit outlook up-in-the-air

Sterling falls versus Australian dollar, as Brexit outlook up-in-the-air

GBP to AUD rate decrease Sterling has fallen by -0.48% versus the Australian dollar on the interbank market in the last day, from a peak of 1.8902 yesterday to 1.8812 today at the time of writing. In part, this is because the UK’s political outlook remains unclear, with Westminster undecided whether there’ll be a UK general election in the coming weeks, and the EU debating whether to grant the UK another Brexit extension of three months, or just two weeks. Boris delivers election ultimatum One reason why...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

GBPAUD: Will the RBA lower interest rates?

Rates for GBPAUD hit a high of 2.0353 this morning before retreating two cents lower. The pound continues to see wild swings against all of the major currencies including the Australian dollar as the coronavirus drives the markets into deep uncertainty. Whilst the pound has fallen dramatically against the euro and US dollar it has made strong gains against the Australian dollar creating some excellent opportunities for those looking to buy Australian dollars. Those with pending requirements to either buy or sell Australian dollars would be...
GBP to AUD Outlook: Why Is the Australian Economy Reliant on China

Pound to Australian Exchange Rate: Sterling Edges Over Aussie as Coronavirus Sinks Market Risk...

Thursday saw trading go in favour of the pound against the Australian dollar as their exchange rate pairing (GBP/AUD) rose by 0.3%. The pairing were trading at AU$1.937 following Australia’s consumer inflation expectations report for the month of February fell under predictions, from 4.7% to 4%. The drop in AUD was also helped along by the ongoing fears concerning the coronavirus, in which more fuel was added to the fire after a spike in China’s coronavirus epidemic causing a decline of market appeal for...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

Bank of England sinks GBPAUD!

GBPAUD rates have had a busy day with the Bank of England meeting leading to a weaker Pound. The latest levels have now been trading in the 1.76's which is lower than the lowest point in 2 weeks. Sterling weakness is a factor, but also global sentiment has helped the Australian slightly. The main news today is the Bank of England interest rate decision. This has seen the raise of 0.25% as expected. This did not however help the Pound for long as Mark Carney's...
RBA Cuts Interest Rates with More Cuts to Come as GDP Figure Beats Estimates

Pound to Australian Dollar Forecast: RBA Less Likely to Cut in 2020

The sterling vs Australian dollar interbank exchange rate stands at 1.8902 today, close to its weakest in five weeks, or since November 13th. The pound has weakened versus the so-called Aussie dollar, in part because the Reserve Bank of Australia (RBA) now looks less likely to cut Australia’s interest rates below their current 0.75%, early next year. This is because, earlier this week, we learnt that Australia’s unemployment rate unexpectedly fell by -0.1% in November, to 5.2%, as Australia’s businesses created a bumper 39,900 jobs. This...
GBPAUD Volatility Remains High as Economic Data Takes Centre Stage

Sterling Begins the Week in Strong Fashion as GBP/AUD Looks Set to Test 1.90...

The pound to Australian dollar exchange rate has begun the week strongly, and at the time of writing sterling is up against all major currency pairs so far. GBP/AUD is trading at its highest level of the day at 1.8975, and with the annual high being just over 1-cent from these levels at 1.9093 it could be there case that sterling continues to climb and test this annual high. Election Polls Affecting Sterling Rates With the general election now just 17-days away the polls covering the...
Australian Economy Likely to be Worst Hit But to Bounce Back Strongest

GBP to AUD forecast: US and China reported to have fallen out again over...

It has been said that the talks between US and China have once again fallen out over the well publicised trade wars, which has weakened the Australian Dollar ever so slightly today. Both sides of the negotiations are essentially trying to get the best out of this deal that they can, and currently the U.S is apparently accusing China of 'stealing technology' also noting that it is unacceptable for China to 'dump their products' on the US. In return China are said to have suggested that...
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%....
GBP to AUD Rate Hits New 42-Month High as Tory Win Supports UK Outlook

Pound to Australian Dollar exchange rate: Sterling hits 3 month high vs Australian Dollar...

GBP/AUD exchange rate movement as Australian interest rates reach record lows: Could the RBA cut interest rates even further? The pound to Australian dollar exchange rate strengthened once again overnight after the Reserve Bank of Australia (RBA) released their minutes. The RBA suggested that they may be consider cutting rates again in the near future. Interest rates are at their lowest level in history in Australia and if further rate cuts happen then this could lead to problems for the Australian dollar. The central bank has...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

AUD Sees a Spike After Positive Home Loans Data Pound Sterling Sinks Following Flat UK Growth Figures in December Contact Us Yesterday saw the Australian dollar get back on track as it edged over the pound following positive news from its economic data front. The Australian home loans figure beat forecasts for December as the figure rose from -0.8% to 3.5%. The GBP/AUD exchange rate ended trading at around $AU1.925. Meanwhile, despite losing ground to AUD, GBP saw a solid recovery to start the...