Pound to Australian Dollar Exchange Rate Weakens After Flash UK Services Data

Pound hits 4-month high against the Aussie Dollar, what’s driving the rate at the...

Overnight we've seen the GBP/AUD exchange rate hit a 4-month high, after the pair hit a high of 1.8361 in the early hours this morning. For those of our readers planning on making currency exchanges involving the Pound and Aussie Dollar, it's worth noting that the current rate is also around the highest levels since June of 2016 when the Brexit vote actually took place, making it an attractive time to make the exchange based on recent historical levels. The annual low is 1.6685 to...
GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

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 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...
Pound to Euro Exchange Rates: UK GDP Released this Morning

GBP/AUD breaches 1.80

GBP/AUD - The Pound has struggled of late due to the lack of clarity surrounding Brexit. While a "no deal" scenario is still a possibility the pound stands little chance of making significant gains. UK trade secretary, Liam Fox recently said he thinks there is a 60% of a "no deal" situation and Reuters have it at a more modest but still worrying 25%. We did see Sterling make gains against the Australian Dollar yesterday following news that both Germany and UK has slightly changed...
AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

Are GBPAUD exchange rates headed for 1.80 this week?

The latest set of Australian GDP data has come in much better than expected with growth for the previous quarter year on year showing 3.4% compared to the consensus of 2.8%. Typically this news would provide support for the Australian Dollar vs the Pound, but shortly after the Chinese published their latest Services PMI data this morning the data showed a fall. As China is Australia's largest trading partner this news caused the strengthening in the Australian Dollar to be relatively limited against the Pound. We...
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...
GBP Makes Gains Against AUD as Trade Relations Between China and Australia are Shaken

Pound hits best level to buy Australian Dollars since June

The Pound has hit its best level to buy Australian Dollars since late June creating some excellent opportunities to send money to Australia from the UK. The Australian Dollar weakened during yesterday's trading session as housing data showed a fall for July and business investment also showed a large drop during the previous quarter. The Australian Dollar has moved closer to 1.80 and I think we'll see this hit later on during today as the Pound has already been moving in an upwards direction this morning. The...
Positive Brexit news helps GBPAUD hit fresh 3 week highs!

Positive Brexit news helps GBPAUD hit fresh 3 week highs!

GBPAUD exchange rates are currently rising as Michel Barnier confirms that the UK might enjoy some kind of 'unique' deal. This is the news we have been waiting for and could well spell a bottom point on GBPAUD of the 1.72 seen recently. The Pound has been struggling against most currencies on uncertainty over the outcome from Brexit. The exception lately has been the Australian Dollar where after hitting lows of 1.72, we are currently at 1.78. The improvement is not just down to the...
Pound to Australian Dollar exchange rate GBPAUD rates as Brexit uncertainty continues

GBP AUD Supported on Political Changes Down Under

Despite the weaker footing that Sterling is currently on the Pound has managed to make some small gains against the Australian Dollar. The change of Prime Minster down under has created some uncertainty for Australian Dollar exchange rates. After Malcom Turnbull was ousted and replaced by the new Prime Minister Scott Morrison there have been some political concerns for the Australian Dollar. Fresh elections in Australia will be held next year and will become a focal point for the Australian Dollar ahead of May 2019....
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...