Australian Dollar Retreats Against the Pound as Trump Threatens US-China Trade War

Pound to Australian Dollar forecast: Political uncertainty eases in the UK

The Boris Johnson factor The political uncertainty that was rife prior to the Tory leadership contest eased on Thursday after the first round of voting produced a potential one-horse race. Boris Johnson’s convincing victory, which saw him win 71 more votes than his closest rival, helped temper the uncertainty and provided the pound (GBP) with a slight upswing of support. While an overall victory for Mr Johnson – a Eurosceptic – isn’t necessarily the preferred outcome for GBP investors – and those hoping for a...
EUR GBP Moves Higher Ahead of UK GDP Update

RBA keeps rates on hold

The Australian economy has slowed of late due to several contributing factors. A key factor influencing the health of the Australian economy is a slowdown in Chinese growth. US China trade war impacting Australian dollar Australia are very reliant on the Chinese purchasing its goods and services. The US China trade was is impacting Chinese growth and in turn it is hitting the Australian dollar. Until recently it looked as though that there could be an end to the trade war with reports suggesting talks had...
GBP AUD Lower as UK Employment Data Awaits

GBP AUD Lower as UK Employment Data Awaits

The GBP AUD exchange rate was -0.12% lower on Monday as traders awaited the latest employment data from the United Kingdom economy for October. The figures will miss the late-November spread of Omicron and have a chance of a small boost to sterling. The British Pound actually touched a new high near 1.9000 on Monday before dropping back. The GBP to AUD rate was trading at 1.8937 ahead of the data and the pair faces a busy week of data with Westpac consumer confidence, UK...
GBP AUD Slips on Retail Sales and Trade Data

Pound to Australian Dollar Outlook: Rates Break 1.90

The pound to Australian dollar exchange rate has rallied higher with rates breaking over 1.90 for the GBP vs AUD pair. The pound has started the week well, making gain across all of the major currencies despite a looming general election on the horizon which can always make for an uncertain period. Focus is on this hugely important election set for 12th December and which will inevitably carry major consequences for the future course of Brexit. Brexit Party leader Nigel Farage announced last week...
GBP AUD Lower After PMI Data for UK and Australia

Pound to Australian Dollar Exchange Rate: UK Pledges Further Support as AUD Hits 17-Year...

The pound to Australian dollar (GBP/AUD) exchange rate started trading lower yesterday morning, at a level of AU$2.0176 amid rising fears of the coronavirus spread. The fears continued to dominate markets yesterday as funding concerns were the talk of the British news, with concerns weighing the currency down. Investors remained concerned with the economic fallout of the virus and the announcements made by the UK Prime Minister and Chancellor on Monday. The UK saw further relief packages pledged yesterday evening with the government offering...
AUD GBP Moves Higher Ahead of Q3 Growth Data

Australian dollar comes under pressure, could the pound break through 1.90 against the Australian...

This week pound to Australian dollar mid market exchange rates reached as high as 1.8870, which is the highest rate seen since the UKs referendum in 2016. This article will highlight the reason why pound to Australian dollar exchange rates are close to a 3 year high and the likelihood of GBP/AUD reaching 1.90 in the upcoming weeks and months. Since the start of the year the pound has gained traction against most major currencies including the Australian dollar as UK Prime Minister Theresa May...
GBP to AUD Outlook: Why Is the Australian Economy Reliant on China

Pound to Australian Exchange Rate: Sterling Edges Over Aussie as Coronavirus Sinks Market Risk...

Thursday saw trading go in favour of the pound against the Australian dollar as their exchange rate pairing (GBP/AUD) rose by 0.3%. The pairing were trading at AU$1.937 following Australia’s consumer inflation expectations report for the month of February fell under predictions, from 4.7% to 4%. The drop in AUD was also helped along by the ongoing fears concerning the coronavirus, in which more fuel was added to the fire after a spike in China’s coronavirus epidemic causing a decline of market appeal for...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

The Reserve Bank of Australia (RBA) released their latest set of meeting minutes from the previous interest rate decision and this saw the stock index in Australia (ASX) fall by 2.5%. The governor of the RBA Philip Lowe suggested that the economy in Australia could experience the biggest drop since the great depression and issued a warning over unemployment and the future of the economy in Australia. The RBA has also predicted that the economy could contract by 6% as well as unemployment hitting 10%....
Sterling falls versus Australian dollar, as Brexit outlook up-in-the-air

Australian housing market a concern for Australian dollar sellers

It's been a tough week for the Australian dollar exchange rates as credit rating Fitch suggested further falls are on the horizon for house prices in Australia. Fitch is seen as one of the three big credit rating agencies that give forward guidance and they are predicting that another 5% fall for the housing market within the next 12 months. It's key to note that since the housing market started to decline in recent years we have seen a 6.7% fall across Australia. The decline...
GBP AUD Weaker as Australia Reopens Borders

Pound to Australian Dollar forecast: Reserve Bank of Australia minutes, will interest rates be...

The pound to Australian dollar exchange rate has fallen lower again with rates for the GBP/AUD pair sitting at 1.7760. The recent sharp drop has provided an excellent opportunity for those looking to sell Australian dollars to buy pounds. RBA minutes: Suggestion of further interest rate cuts? The Reserve Bank of Australia minutes released overnight suggest that the RBA is ready to cut rates further if it deems it necessary. The RBA has now seen two back to back interest rate cuts taking the headline level...