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...
GBP to AUD forecast: Australian Economy Continues to Show Improvement

GBP to AUD forecast: Australian Economy Continues to Show Improvement

The AUD has performed well against GBP of late, gaining approximately four cents during the past week. To put this in monetary terms, that is the equivalent of an additional £2,500 on a £200,000 AUD to GBP currency exchange. The reason for this fluctuation in GBP to AUD rates is likely to be linked more to a sell-off of GBP positions, than an influx into the AUD by investors. It seems investors are becoming increasingly concerned that UK MPs will vote down UK Prime Minister...
Pound to Australian Dollar Forecast: UK policymakers talk down the Pound

GBP to AUD forecast: December 11th is the day to look out for if...

GBP to AUD forecast: The next 7 days could have a major influence on the future of GBP/AUD exchange rates as Theresa May is doing everything in her power to convince Conservative MPs to back her Brexit deal. Over the last 6 weeks GBP/AUD exchange rates have been dropping like a stone. Currently the currency pair has fallen 13 cents and the likelihood is further falls are on the horizon up until December 11th. December 11th is arguably the most important day for the UK economy...
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%...
Australian Economy Likely to be Worst Hit But to Bounce Back Strongest

UK Parliamentary vote to influence Pound vs Australian Dollar rates

Pound vs Australian Dollar rates have continued to fall during the course of this week as the uncertainty of what will happen next with the Brexit issue continues to negatively influence Sterling exchange rates. Mark Carney offers gloomy outlook for disorderly Brexit scenario The Bank of England suggested yesterday that the Pound could fall by as much as 25% in the event of a no deal Brexit and whilst this claim appears to be very bold the uncertainty as we saw with the Brexit vote back...
Pound to Australian Dollar Outlook: Is AUD Showing Signs of Strengthening?

GBP/AUD Forecast – Brexit Vote and Global Trade Wars Dominate Headlines

In today's GBP/AUD forecast we discuss the events that are likely to impact exchange rates this week. GBP/AUD rates are currently trading around 1.77, with the Pound still struggling to make any sustained move above 1.80. This inability to break through what has become a key threshold for the GBP/AUD rate, despite the UK and EU finally agreeing a Brexit deal, may be of concern to those clients looking to execute a GBP/AUD transfer over the coming weeks. Parliamentary approval of Brexit is far from a...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

Pound to Australian dollar rates: When will GBP/AUD rates rise back over 1.80?

The Australian dollar rate has been struggling to find its feet against its counterparts, but against the pound it has made notable progress owing to Brexit uncertainties. The Australian dollar is volatile owing to US-China trade concerns and acts as a barometer of this topic and global trade in general. The Australian dollar should remain rather sensitive to the headlines on both Brexit and also trade concerns as US President Donald Trump is scheduled to meet the Chinese leader Xi Jinping in Argentina later this...
GBP to AUD Rate Weakens as the Aussie Strengthens on Positive Economic Data

GBP to AUD Rates Weaker as Brexit Vote Looms

GBP to AUD exchange rates remain on the back foot as the details over the future political declaration for Brexit are scrutinised. The EU agreed over the weekend the withdrawal agreement and political declaration which spells out what the future trade relationship will look like. So far the deal as it stands has attracted much hostility from large swathes of Parliament, which makes it very difficult for Prime Minister Theresa May to push the deal through in the House of Commons. Brexit vote expected on...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

GBP to AUD rates: Will Sterling get back to 1.80 against the Australian Dollar?

GBP to AUD rates: Following a solid rise for the Pound against all major currencies and a brief appearance above 1.80 against the Australian Dollar last week, the Pound has been creeping back down in value against all major currencies. This has mainly been down to Brexit uncertainty and the worry that, despite showing backbone and making trips back over to Brussels to iron out the final creases in her Brexit deal, Prime Minister Theresa May is still going to struggle to get the backing...
GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

Pound to Australian Dollar Forecast: Will Theresa May’s meeting in Brussels help the Pound?

In today's Pound to Australian Dollar Forecast we look at the events that are affecting GBP/AUD exchange rates now and what might impact the rate this week. Australian Dollar strength whilst the Pound weakens The Australian Dollar has recently hit its best level to buy Pounds in three months after a bout of both strength for the Australian Dollar combined with Sterling weakening during this period. The Pound has continued to struggle owing to the uncertainty of the ongoing Brexit news and this has caused the Pound...