AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

GBP to AUD outlook – dollar supported on stronger data

The pound to Australian dollar exchange rate has held firm after gains seen this week, presenting those buying Australian dollars with a better opportunity despite stronger economic data from Australia. Australian retail sales for February rose 0.8% provided a boost for the high street and highlighting stronger consumer confidence. Specifically department stores, clothing and household goods all performed suggesting the average Australian is still happy to spend on the high street. At the same time Australia recoded a record trade surplus for February also adding...
Pound to Australian Dollar Exchange Rate Summary: GBPAUD Rises to Two Week Interbank Highs

Sterling vs Australian Dollar Rate Hits 41-Month High, on Tory Lead in YouGov MRP...

The pound to Australian dollar interbank exchange rate stands at 1.9143 today at the time of writing. This is its highest in 41 months, or since late June 2016, right after the UK’s Brexit referendum. In part, this is because a closely-watched opinion poll yesterday suggests that the Conservative Party will win a majority, at the UK’s general election on December 12th. This would enable Prime Minister (PM) Boris Johnson to form a stable government, and pass the Brexit agreement. However, it’s worth...
Pound to Australian Dollar exchange rate GBP/AUD continues to trade towards its lowest levels of 2019

GBPAUD nudges 1.80, where next?

The Pound to Australian Dollar exchange rate has nudged 1.80 but quickly retraced the steps owing to concerns over Brexit. The UK also suffered from some poor economic data today with Manufacturing data showing a fall in the PMI, Purchasing Managers Index data. What lies ahead for GBPAUD rates and what is the important news? The RBA (Reserve Bank of Australia), will release their latest interest rate decision this evening which could well be a market mover on the Australian Dollar exchange rate. Whilst no...
AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

GBP to AUD: Australian Dollar Holds Firm as UK Manufacturing Data Does Not Do...

Investors were keen to find out the results from the UK manufacturing data which was released just yesterday. The data was to be an important figure as the New Year arrived and had the potential to send the GBP upwards in the GBP/AUD exchange rate. However, the result showed a slight upward revision of the finalised UK manufacturing PMI, but this was not enough to prevent the GBP from spiralling to its second weakest level since 2012. Meanwhile, the AUD has found further support...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Pound to Australian Dollar Weakens as US Fed Rules out Interest Rate Hike

The pound to Australian dollar interbank exchange rate is at 1.9188 today. This is close to two cents, or 0.98%, below sterling’s recent 41-month high versus the so-called Aussie dollar, its highest since June 24th 2016, reached this Tuesday, at 1.9377. Sterling has weakened against the Australian dollar, because yesterday, the US Federal Reserve ruled out the possibility of lifting America’s interest rates for now. Fed Chairman Jerome Powell said that a “significant, persistent” increase in US inflation would be needed to convince the United...
Aussie gains 3.44% in one week

GBP/AUD Forecast – Political Infighting & Trumps Trade Tariffs Hurting the AUD

Sterling has made gains against the AUD during Thursday’s trading, rising by almost a cent at its high earlier. Despite this improvement, the AUD continues to find plenty of support around 1.77 as we head towards the end of the trading week. Whether it will hold frim around this threshold is difficult to tell, with both the UK & Australian economy facing their own set of problems. Political disruption is starting to put a strain on the Australian economy. Infighting amongst the Liberal party is beginning...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

GBP/AUD exchange rates at highest levels since May as risk appetite decreases

Sterling has hit the highest levels we have seen against the Australian Dollar in a number of months, as progress is reportedly going well with Brexit talks for the U.K and risk appetite around the world is dropping like a stone. The Australian Dollar really is having a tough time on the markets this week; there are growing concerns on how the emerging market currencies are performing which is leading to a huge sell off of so called 'riskier' currencies and the Australian Dollar is...
Australian Dollar Volatile as it Awaits Labour Force Report as GBP Rises on BoE Rate Cut Bet Reversal

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...
GBPAUD Volatility Remains High as Economic Data Takes Centre Stage

Pound to Australian Dollar rate: RBA interest rate decision and Brexit to drive GBP/AUD...

Could Australian interest rates be cut further next week? The pound to Australian dollar exchange rate has been trading between 1.83-1.84 during the course of this week. The economic data from Australia has been rather negative recently and this means we could see an interest rate cut coming in the near future. Yesterday Reserve Bank of Australia Governor Philip Lowe suggested that the economy is at a 'gently turning point.' According to reports from Bloomberg the expectation of an interest rate cut next week is...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

AUD exchange rates benefit from increased Liquidity injection by the RBA

The Pound to Australian Dollar exchange rate has lost around 5-cents in the past 24-hours as the Aussie Dollar spiked late during yesterday’s trading session. It looks like a combination of both Sterling weakness and Australian Dollar strength is behind this market movement, and it’s resulted in the pair trading at their lowest level since the 6th of March. It had previously looked like Sterling would manage to consolidate north of the 2.00 handle, but last nights downward pressure as thrown a spanner in the...