Pound to Australian Dollar outlook GBPAUD back below 1.80

GBP to AUD weakness as iron ore hits 5 year high

The pound to Australian dollar exchange rate has made some small gains to start this week after a poorer performance from the GBP to AUD pair last week. The general move lower in the last couple of weeks has been influenced by a weaker pound due to continued Brexit uncertainty but also a stronger Australian dollar as commodity prices have spiked higher. In the UK, Brexit remains the single biggest driver for sterling exchange rates although news on this front it likely to be less...
GBP to AUD Exchange Rate at New 41-Month High as Boris Wins an Election Majority

Sterling weakness: Further falls expected for GBP/AUD exchange rates

Last night UK Prime Minister Theresa May suffered another blow at the EU summit, and I believe this could be the last nail in the coffin which could force her resignation. The EU humiliated the Prime Minister when they were clear that there will be no further concessions. In addition the EU went on to state that there will be no binding agreements or further legal text. A wounded Theresa May will now make her way back to the UK and MPs from all parties...
Pound to Australian Dollar Outlook Will GBPAUD Rise or Fall on the Election?

Australian Retails Sales significantly improves

Australian retailers experienced the best sales data in twelve months last quarter. This can be put down to discounts pushing goods off of shelves. Consumer spending is helping the Australian economy maintain momentum. Data from the Australian Bureau of Statistics (ABS) showed that the June quarter rose to 1.2%; the best outcome in more than a year and above the 0.8% estimation. This is good news as retail sales has been poor of late. Australians have been forced to spend their hard earned money on necessities...
Pound to Australian Dollar forecast GBPAUD rates see movement as a possible Brexit extension is on the horizon

Pound to Australian Dollar forecast: Will GBP/AUD rise or fall ahead?

The pound to Australian dollar exchange rate has been trending lower in the last few weeks from a peak of 1.88 in May down to 1.76 in July. The outlook for the Australian dollar has been largely linked to changes in Australian interest rates, with a focus on the words and actions of the RBA (Reserve Bank of Australia). RBA interest rate cuts and the US China trade war: How have these influenced the GBP/AUD currency pairing? The lowering of interest rates will generally speaking weaken...
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...
How Will the Election Influence GBP/AUD Exchange Rates?

Pound to Australian Dollar Outlook: Will GBPAUD Rise or Fall on the UK Election?

The outlook for the pound to the Australian dollar was dealt a small favour today, with the Brexit Party stating they would not contest Conservative held seats, triggering a rise in optimism that the Brexit Withdrawal agreement would be approved should Boris Johnson achieve a majority. Expectations for the pound against the Aussie dollar are linked to the outcomes on Brexit and the UK election, the UK’s first December election since 1923, which is likely to shape the next stages on Brexit. Pound to Australian...
Pound to Australian Dollar outlook What next for GBPAUD on Brexit?

GBP to AUD forecast: Pound to Australian Dollar trades close to 4-month high

Sterling has strengthened this week with the currency hitting new highs against a number of major currency pairs. The reversal of fortunes for the GBP/AUD pair in particular within the past 2 months stand's out after the pair dropped as low as 1.72 in January and hit 1.8732 earlier this week. So far today the pair have attempted to break the 1.87 mark although there does appear to be resistance at this level which was the case back in October also when the pair hit...
Pound to Australian Dollar Weakens as Us Fed Rules out Interest Rate Hike

How the UK election, Brexit and the US China trade war is affecting GBP/AUD

The Australian dollar has been rising in value as investors predict improvements in the sentiment towards the trade disputes with China and the US. The outlook on this has generally related to how investors view global trade, with the currency market having generally favoured the Australian dollar when it appears the global economy is performing well. The Australian dollar is a key exporter of raw materials such as Iron Ore, Copper and also Aluminium, which are used in many Industrial processes globally. Signs therefore that...
Australian Dollar Weakens as Unemployment Increases Down Under, What Next for GBP/AUD?

GBP/AUD Forecast – Will Sterling Break Through 1.80?

The Pound has seen its value rise against the AUD during Monday’s trading, hitting 1.7755 at the high. This is almost a cent higher than the pair was trading earlier today, although any continuation of this trend is likely to be heavily influenced by Thursday’s Bank of England (BoE) interest rate decision and subsequent monetary policy statement. In truth, the Pound has struggled to sustain any gains against its Australian counterpart of late. Even if Sterling were to gain further support up towards 1.80, a...
Pound to Australian Dollar Weakens as Us Fed Rules out Interest Rate Hike

Could Boris Johnson’s meeting with EU President Juncker provide the Pound with a boost?

PM to meet outgoing EU President Jean-Claude Juncker The Pound to Australian Dollar rate appears to have consolidated north of the 1.80 benchmark over the past week with GBP/AUD hitting 1.82 at its highest stage earlier today. Since then the Pound has come under pressure, but it remains north of 1.80 which tends to be a key level for the pairing as those of our readers following the pair for some time will be aware. Sterling has begun the days trading under some pressure on what could...