Australian Dollar Exchange Rate Outlook: Weak US Dollar Allows AUD to Recover from Decade Lows

Australian Dollar fights back this week as political woes unsettle Sterling

GBP/AUD exchange rates have dropped off a little during the trading week, giving those looking to sell Australian Dollars a welcome opportunity. As the week began, political problems in the U.K continued to hit the headlines as pressure mounted on Theresa May regarding her Brexit plans. We then had the release of the RBA (Reserve Bank of Australia) meeting minutes from their last interest rate decision, these minutes gave an overview as to how the RBA came to their last interest rate decision. The minutes actually led...
Australian Dollar Volatile as it Awaits Labour Force Report as GBP Rises on BoE Rate Cut Bet Reversal

Brexit woes continue to put pressure on the Pound, will GBP/AUD breach 1.80 again...

After spending a number of weeks lodged just below the 1.80 mark where there was clearly resistance, the GBP/AUD rate has now dropped off from these levels owing to the concerns surrounding Brexit. With time running out to agree terms with the EU, the UK Government must first address their own differences, although there is little time left and the panic is beginning to be reflected within the currency's value. Yesterday the sell-off accelerated after some poor inflation data lessened hopes of an interest rate hike...
Pound to Australian Dollar Rate Back Below 2 but for How Long?

RBA Minutes Highlight Risk of Trade Wars to the Australian Dollar

The Australian Dollar has had a good start to the week making gains against the Pound in what is still a volatile period for the GBP AUD pair. The Australian Dollar still faces pressure from the ongoing trade wars stemming from the US and China. The latest minutes from the last Reserve Bank of Australia meeting have highlighted a growing concern over the latest tariffs which the US has imposed on China. With Europe now embroiled in the battle for trade the situation is by...
GBP to AUD Rate Hits New 42-Month High as Tory Win Supports UK Outlook

UK and Australian economies driving exchange rates respectively

Sterling AUD rates have remained fairly flat during the early part of the trading week, with concerns over both the UK and Australian economies clouding the markets at present. The Pound is currently trading above 1.78 but as of yet, has failed to sustain any move towards to or above 1.80. Whilst the AUD continues to find plenty of support under this threshold, the question investors will be asking themselves is how long this protection will last. The key issues facing investors at present centre largely around...
Australian Dollar Exchange Rate Outlook: Weak US Dollar Allows AUD to Recover from Decade Lows

Pound to Australian Dollar forecast for the week ahead!

This week sees a series of key releases which could affect the GBPAUD exchange rate pairing, on balance a test of the 1.80 resistance level seems a real possibility. It will largely depend on UK economic data and political developments, plus some important Australian news as well. The key economic data this week for the UK is going to be Unemployment and Inflation data released Tuesday and Wednesday, it could well paint a more positive picture for the Bank of England to be raising interest...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...
Australian Dollar Exchange Rate Outlook: Weak US Dollar Allows AUD to Recover from Decade Lows

Boris and Davis resignations could lead to Torie Leadership Challenge

GBP/AUD – The progress of Brexit negotiations is a key factor in the value of GBP/AUD. The resignation of chief Brexit negotiator David Davis and Boris Johnson does not bode well for Sterling. After Theresa May released her intentions for Brexit, David Davis announced he thought the deal was “unworkable” and quit. Angela Merkel has also stated the deal is unworkable. Despite this the Pound remained robust against the Aussie and we did not see any significant falls. The concern is that Johnson could try and oust...
GBP to AUD Exchange Rates: Dollar Weakness from Covid-19

US Tariffs on China and the impact for the Pound to Australian Dollar rate

The Pound versus the Australian Dollar has risen up past 1.79 this morning and potentially due to hit 1.80 over the next few days after US President Donald Trump's plans to impose a 10% tariff on US$200bn worth of Chinese imports. The tariffs are not set to be introduced just yet and will be reviewed over the next 2 months. However, Trump has also suggested that tariffs could rise to as much as US$500bn on Chinese imports which accounts for almost the whole amount of...
Pound to Australian Dollar Rate Back Below 2 but for How Long?

GBP strengthens against AUD despite Brexit uncertainty

Sterling has gained ground against the AUD during Tuesday’s trading, despite yesterday’s unsettling developments inside the UK Government. UK PM Theresa May was fighting off questions today about the destabilisation of her Government, following the resignations of chief Brexit negotiator David Davis and Foreign Secretary Boris Johnson. GBP/AUD rates have bucked the expected trend however, with Sterling putting pressure on 1.79 at today’s high. The AUD did find plenty of support around this threshold, moving back below 1.78 this afternoon. The AUD, along with the other commodity-based...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

GBPAUD lower on Brexit uncertainties!

The Pound to Australian Dollar exchange rate has been gently slipping as fresh uncertainty over Brexit sees the Pound dropping lower against all currencies. This is rather frustrating for clients buying Aussie Dollars with Pounds since Friday of last week and the early morning today started off rather well. This is because on Friday the release of the latest NFPR (Non-Farm Payroll) economic data from the United States helped see the Pound trade higher against the Australian Dollar. The Aussie Dollar is closely linked to...