Australian Dollar Volatile as it Awaits Labour Force Report as GBP Rises on BoE Rate Cut Bet Reversal

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...
GBPAUD Rate: Renewed Risk Appetite Continues to Benefit the Australian Dollar

Pound to Australian Dollar Rate Back Below 2 but for How Long?

The pound had hit recent highs earlier this week vs the Australian dollar as the global economy was feeling the strain of the global virus pandemic. As a commodity based currency the Australian dollar can often come under huge pressure when the world economy starts to slow down and this happening at the moment. The pound briefly hit a high of 2.08 towards the end of the week before falling to just above 2. It then started to fall once again at the end...
Pound to Australian Dollar Outlook: Is AUD Showing Signs of Strengthening?

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...
Pound to Australian Dollar exchange rate GBPAUD rates as Brexit uncertainty continues

Will the US-China trade war talks take a toll on the Australian dollars value?

The pound to Australian dollar rate remains close to highest levels seen in almost the past 3-years now, making the exchange of pounds into Aussie dollars an attractive proposition based in recent trading levels. RBA interest rate cuts on the horizon Many financial commentators had expected to see the Aussie dollar drop further recently, as the Reserve Bank of Australia was expected to cut rates although it decided to keep them on hold at the last RBA meeting. Interest rate cuts remain on the horizon, and...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

GBP to AUD Falls Further as UK GDP Forecast Flat in November

The pound to Australian dollar interbank exchange rate stands at 1.8799 today. By comparison, back on Wednesday 8th, sterling was as high as 1.9154 versus the so-called Aussie, so it’s since lost out by 1.85%, or by around 3.5 cents. GBP has declined in value against the AUD, partly because it’s forecast that UK economic growth was flat in November, ahead of office statistics released this morning. According to financial market estimates, UK GDP (Gross Domestic Product) remained at 0.0% in late 2019, although there’s a...
Pound to Australian Exchange Rate Forecast: Will GBPAUD Exchange Rates Fall Further?

GBP/AUD Rates Fall Back Below 1.85 as Prospect of a No-Deal Brexit Grows

GBP/AUD rates have fallen back below 1.85, following a tough couple of days for the pound. GBP positons were sold off in haste, following Brexit developments on Wednesday, which has inadvertently boosted the AUD’s value. Just as it seemed as though talks between the UK & EUR were progressing more positively, the markets were once again thrown into chaos. UK Prime Minister Theresa May confirmed that she had requested an extension to Article 50, which had subsequently been provisionally approved by the EU. Extension passed by the EU...
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...
GBP to AUD Rate Weakens as the Aussie Strengthens on Positive Economic Data

Will GBPAUD exchange rates keep rising?

We are witnessing an improvement for Australian dollar buyers with pounds as the good news on a potential deal on Brexit filters through into the currency markets. This has provided the pound with a boost which has seen GBPAUD levels back over 1.80, providing some much needed good news for AUD buyers. The news for the pound is welcome but it is not definite just yet. We are still waiting for the arrangement to be completely finalised which would present the news that would really...
Pound to Australian Dollar rate Tory leadership to take centre stage for GBPAUD exchange rates

Pound to Australian Dollar rate: Tory leadership to take centre stage for GBP/AUD exchange...

The main talking point this week which will influence pound to Australian dollar exchange rates is the Tory leadership contest. Tomorrow morning we will find out if the 160,000 Tory members have voted in favour for Boris Johnson or Jeremy Hunt. The polls and bookmakers have hard line Brexiteer Boris Johnson as clear favourite. Sterling struggles against the Australian Dollar: Brexit uncertainty weighs on Sterling It's been a tough couple of months for the pound against the Australian dollar with exchange rates dropping 11 cents....
Pound to Canadian Dollar forecast Brexit remains in Limbo

Sterling Rates finds support having fallen after Bank of England held rates

The pound suffered a poor performance following the Bank of England interest rate decision yesterday but has made a very small recovery since. Sterling exchange rates fell across the board yesterday on the back of the slightly more dovish commentary coming from the central bank. Although interest rates were held at 0.5% as widely expected the pound fell on the back of what was cited as an uncertain path with Brexit as well as the reduction in growth forecasts for 2018 which have been...