GBP to CAD forecast - CAD supported on stronger GDP

Fall in Australian GDP data causes Sterling to rise against the Australian Dollar

The Pound has seen a welcome increase against the Australian Dollar this morning after Australian Gross Domestic Product data came out lower than expected this morning. Third quarter Australian GDP data showed a fall compared to the expectation of 3.3% to 2.8% for year on year and 0.6% to 0.3% quarter on quarter. This has seen the Pound improve by over a cent against the Australian Dollar since the announcement, providing a good opportunity for anyone looking to send money to Australia at the moment. The news...
Why is the RBA keeping interest rates on hold?

Brexit and US/China Trade War the key factors on GBP/AUD

US/China Trade War - Is a truce in sight? The US-China trade war is having a knock on effect on the Australian economy due Australia's heavy reliance on China purchasing it's goods and services. Donald Trump has been in talks with Chinese President, Xi Jinping this week to discuss trade relations and it seems his threats of a huge tariff increase may have done the job. Trump stated before negotiations that he we was willing to impose $200bln worth of tariffs on Chinese imports, up to 25%...
Pound to Australian Dollar forecast Will GBPAUD rise or fall ahead?

GBP to AUD Rate Spikes to 1.85 on Brexit Backstop Developments

The pound to Australian dollar exchange rate has risen further after a solid of week of gains largely driven by Brexit developments. Last night saw a further spike for the GBP to AUD rate on reports that the Democratic Unionist Party would support Theresa May’s deal if there is a time limit on the backstop. This is a big development as the Government rely on these votes to support votes in the House of Commons. However there is no sign from the EU that there...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

Pound to AUD rate gets off to a bad start, are further falls likely...

The Pound to AUD rate has dropped to its lowest level in over 2 months this morning, as the pair haven't traded as low as 1.7852 since early September. Over the past month the Australian Dollar has gained by over 3% against the Pound and this trend doesn't appear to be changing anytime soon if this morning's price movement is anything to go by. Why has the Pound to AUD rate dropped? It's likely that the drop is due to concerns over there being further resignations...
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: GBP/AUD rate falls below 1.79

GBP/AUD exchange rate breaches 1.80

Brexit uncertainty causes Sterling to remain fragile PM, Theresa May yesterday outlined her plans going forward for Brexit negotiations. She has targeted three key areas which need to be addressed in order to get the deal through Parliament. She wants Parliament involved in her talks with Brussels to increase openness in talks To protect workers rights To ensure there is no hard Irish border Many have been vocal with their criticism, stating there is little change to her first plan. One of the key questions is,...
Pound to Australian Dollar exchange rate Sterling improves against the Australian Dollar after Boris effect

GBP AUD Rallies Higher to 1.82, Trade Concerns Remain

The Pound has rallied higher against the Australian Dollar with rates breaking 1.82 for the GBP AUD pair this morning. The Australian Dollar has been squeezed over ongoing trade concerns as a result of the trade wars between the US and China. It has been reported that US President Donald Trump is earmarking another $267 billion of tariffs on Chinese goods creating more uncertainty for the Australian Dollar. Considering the volume of exports of commodities and raw materials that go to China from Australia then...
Pound to Australian dollar forecast: RBA cut interest rates, what next?

GBP to AUD Rates Hit 2 1/2 Year High

The pound to Australian dollar exchange rate continues to move higher having now broken 1.88 for the GBP to AUD pair as Brexit developments heavily impact the exchange rate. Rates for GBP to AUD are now sitting at a 2 ½ year high creating a good opportunity for those looking to buy Australian dollars. Last night the UK Government was defeated in a vote that takes a no deal Brexit off the table. Will Parliament vote to extend Article 50? Parliament will today debate and vote...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

Pound to Australian Dollar forecast: Further losses ahead for the Australian Dollar?

Pound remains strong against the Australian Dollar The pound fell against a number of different currencies during yesterday's trading session. However, the pound did manage to stabilise against the Australian dollar later in the day. It has been reported that a dozen Tory MPs could potentially look to support a vote of no confidence in the government, if the UK heads towards a no deal Brexit. If this happens this could also lead to a general election. Generally speaking a currency will often weaken in uncertain...
Pound to Australian Dollar rate AUD makes gains against Sterling

Sterling gains back ground against the Australian dollar as Theresa May wins key vote

The pound has had a fairly interesting week so far, having taken a tumble against all major currencies and dropping down into the lower 1.70s against he Australian dollar, only to mount a fightback over the course of yesterday afternoon and into this morning. The pound actually had its 3rd best day against a basket of major currencies that it has had this entire year. Sterling climbed as more and more of Theresa May's colleagues publicly backed her and this suggested that it would be...