Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

Pound to Australian dollar exchange rates: G20 summit to influence GBP/AUD rates

World leaders from 19 countries coupled with the European Council will meet today in Japan for G20 economic summit. The aim of the summit is to discuss important financial and economic issues. No surprises climate change and the crisis in Iran are hot topics, however the separate talks between Presidents Donald Trump of the US and Xi Jinping of China should steal the headlines. Over the last 12 months both Presidents have been at loggerheads about trade. Donald Trump imposed tariffs on China and...
Pound to Australian Dollar outlook GBPAUD back below 1.80

Pound to Australian Dollar rates: A tricky time to predict Australian Dollar exchange rates

There are four main factors that will generally impact the value of a currency, these being the following; Economic stability Political certainty Acts of terror Acts of god What may happen with Pound to Australian Dollar exchange rates? Currently if you look into the economic performance and what is going on around the world this might suggest that the Australian dollar may weaken. There is a high chance of an interest rate cut from the Reserve Bank of Australia (RBA) at the next interest rate announcement...
Pound to Australian Dollar exchange rate GBPAUD rates as Brexit uncertainty continues

GBP vs AUD exchange rates: Will the RBA cut interest rates in July?

Why is the AUD struggling? Both AUD and GBP are not performing well at present. The Australian dollar has been suffering against the majority of major currencies, predominantly due to the US/China trade war. Australia is heavily reliant on China purchasing its goods and services and due to this any slowdown in growth has a knock on effect on Australia. It looks as though the trade war could be lengthy and the threat of huge tariffs from both sides does not bode well for the Australian...
Pound to Australian Dollar forecast Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

Pound to Australian Dollar forecast: Further losses ahead for the Australian Dollar?

Pound remains strong against the Australian Dollar The pound fell against a number of different currencies during yesterday's trading session. However, the pound did manage to stabilise against the Australian dollar later in the day. It has been reported that a dozen Tory MPs could potentially look to support a vote of no confidence in the government, if the UK heads towards a no deal Brexit. If this happens this could also lead to a general election. Generally speaking a currency will often weaken in uncertain...
Pound to Australian Dollar Outlook with Boris Johnson as Prime Minister

Pound vs Australian Dollar rates remain stagnant as Tory leadership battle heats up

Pound to Australian dollar driven by Tory Leadership contest GBP/AUD rates have dipped slightly overnight, with the pound currently trading just above its low of the day of 1.8315. Whilst the pound continues to find support around this threshold, it has failed to make any significant inroads back towards 1.85 over the past month. Those clients holding sterling will be hoping for a quick resolution to the current Conservative leadership contest, which was whittled down to just two following Michael Gove’s elimination. Boris Johnson and Jeremy Hunt...
Pound to Australian dollar hits four week high

Pound to Australian dollar hits four-week high

Johnson v Hunt And then there were two: Boris Johnson will faceoff with Jeremy Hunt to become the next Conservative leader and PM, after Michael Gove was eliminated in the final round of voting. It’s now down to the Tory membership to decide the outcome of the contest, with the result of the vote due in late July. The value of the pound (GBP), and subsequently the pound to Australian dollar (AUD) rate, will be heavily influenced by the victors Brexit stance: Mr Johnson – who...
GBP to AUD rate rises despite falling UK inflation

GBP to AUD rate rises despite falling UK inflation

UK inflation rate falls to Bank of England target Yesterday morning, the Office for National Statistics reported that Britain’s inflation rate has fallen. The Consumer Prices Index rose by 2.0% in the 12 months to May, down from 2.1% in April and back to the Bank of England’s (BoE) target. Speculation that the BoE will raise interest rates – a favourable outcome for the pound – ensued, but ongoing Brexit uncertainty is likely to scupper any such plans. Despite an easing in inflation on the year,...
Trump trade optimism sends the Pound to AUD rate lower

Trump trade optimism sends the Pound to AUD rate lower

Hopes of trade war resolution increase The pound (GBP) to Australian dollar (AUD) rate headed north yesterday morning, as persistent fears of a no-deal Brexit were outweighed by news that Australian interest rates could be cut further. This, coupled with weaker-than-expected first quarter Australian house price index figures, caused the AUD to slip to its lowest level in around a decade. A phone call between US President Donald Trump and Chinese President Xi Jinping enabled the AUD to regain some momentum later in the day. Hopes...
Pound to Australian Dollar forecast: Aussie Dollar nears decade low as central bank indicates further rate cuts

Pound to Australian Dollar forecast: Aussie Dollar nears decade low as central bank indicates...

Stagnant start to the week for the GBP to AUD pair The pound (GBP) to Australian dollar (AUD) rate began the week in a relatively sluggish mood on Monday morning. This lack of movement in the value of the pair was the result of negative economic rumblings on both sides of the world, which served to cancel each other out: news that the UK’s 2019 business investment outlook is forecast to fall to a 10-year low was met by continued concerns in Australia over global...
Pound to Australian Dollar exchange rate Sterling remains under 1.80 as no deal Brexit and UK election fears weigh on the pound

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...