GBP to AUD Outlook: Why Is the Australian Economy Reliant on China

GBP to AUD Outlook: Why Is the Australian Economy Reliant on China

Sterling has made significant gains against the Australian Dollar of late, GBP to AUD breaching 2.04 during yesterday’s trading. The pound is not the destination of choice in global economic uncertainty. Investor’s will seek out safe haven currencies such as US Dollar or Swiss Franc. Although it will be interesting to see if US Dollar will retain it’s status as a safe haven now that the US is considered to be the epicentre of the virus. There has been huge stimulus promised, but the lack...
GBP to AUD Rate Weakens as the Aussie Strengthens on Positive Economic Data

Aussie Dollar Weakens on Back of 22% Economy Crash Forecast

The pound surged more than 1.21 percent against the Aussie dollar during yesterday’s trading as GBPAUD (interbank market) touched 2.0325, its highest point since the 19th March. The Aussie dollar lost ground after the Organisation for Economic Cooperation and Development (OECD) said that Australia’s economy could suffer a 22% short-term crash due to the pandemic lockdown. The Aussie was further compounded as global coronavirus cases passed 800,000 and investors shunned risk-based currencies. Bloomberg Economics has also said that Australia’s economy is expected to contract...
GBP Continues to Decline Against AUD as Australia Looks to Ease Lockdown Restrictions

GBP to AUD Outlook: Chinese Data Looks Stronger

The pound to Australian dollar exchange rate still hovers around the 2 dollar level as the Australian dollar remains on the back foot as global economic growth is expected to fall dramatically. Those looking to buy Australian dollars may be wise to consider taking advantage of the current levels whilst they are still available. What is most interesting to see is that Chinese business activity is now starting to return to normality which is extremely encouraging for the rest of the world. The Australian...
Pound to Australian Dollar Exchange Rate Weakens After Flash UK Services Data

GBP to AUD Exchange Rates: Dollar Weakness from Covid-19

The pound to Australian dollar exchange rate has fallen marginally lower today from its high of 2.0304 as coronavirus volatility continues to drive the GBP to AUD exchange rate. The Australian dollar is being particularly badly hit as the growth linked currency is taking the brunt of Covid-19. The Australian dollar generally performs badly in times of global uncertainty and this is being reflected in today’s price for converting Australian dollars into pounds. Whilst those looking to sell Australian dollars for pounds are feeling...
Pound to Australian Dollar Exchange Rate Summary: GBPAUD Rises to Two Week Interbank Highs

Bank of England Holds Rates as Economy Begins to Feel the Squeeze

The Bank of England left the base rate unchanged at 0.1% and their quantitative easing programme at £645bn, in line with market expectation although noted that it was prepared to increase its asset buying should financial conditions tighten, and its clear from economic data released this week, the UK economy is beginning to feel the squeeze. Chancellor, Rishi Sunak confirmed that the self-employed will be able to claim up to 80% of their average monthly profits, worth up to £2,500 per month, although the scheme...
GBPAUD Rate: Johnson’s Health Key to the Pounds Performance as RBA Hold Interest Rates

Australian Dollar strengthens after further stimulus promised by the Federal Reserve

The pound has started to fight back vs the Australian dollar after falling to 1.95 earlier this week. GBPAUD exchange rates are now trading above 2 and even broke through 2.01 on the Interbank level over the last few hours. The Australian dollar is heavily influenced by what is happening with China and with rumours circulating that things are slowing down in terms of the virus this has allowed the Australian dollar to show sings of improvement. The Australian dollar has also seen the benefit...
GBP Makes Gains Against AUD as Trade Relations Between China and Australia are Shaken

UK Parliament Set to Shut on Wednesday Evening as COVID-19 virus Spike Continues

The GBPAUD interbank exchange rate has remained fairly range bound after the past 24 hours, following some aggressive swings in the market in the days prior to this. With the GBPAUD pair now trading around 1.97, it would seem that the markets have started to digest the recent developments, amid the on-going COVID-19 crisis. The pound had made significant gains against AUD last week, despite struggling against many of the other major currencies, in particular EUR and USD. For those client looking to buy AUD with...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

AUD exchange rates benefit from increased Liquidity injection by the RBA

The Pound to Australian Dollar exchange rate has lost around 5-cents in the past 24-hours as the Aussie Dollar spiked late during yesterday’s trading session. It looks like a combination of both Sterling weakness and Australian Dollar strength is behind this market movement, and it’s resulted in the pair trading at their lowest level since the 6th of March. It had previously looked like Sterling would manage to consolidate north of the 2.00 handle, but last nights downward pressure as thrown a spanner in the...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

GBPAUD: Will the RBA lower interest rates?

Rates for GBPAUD hit a high of 2.0353 this morning before retreating two cents lower. The pound continues to see wild swings against all of the major currencies including the Australian dollar as the coronavirus drives the markets into deep uncertainty. Whilst the pound has fallen dramatically against the euro and US dollar it has made strong gains against the Australian dollar creating some excellent opportunities for those looking to buy Australian dollars. Those with pending requirements to either buy or sell Australian dollars would be...
GBPAUD Rate: Renewed Risk Appetite Continues to Benefit the Australian Dollar

Pound to Australian Dollar Rate Back Below 2 but for How Long?

The pound had hit recent highs earlier this week vs the Australian dollar as the global economy was feeling the strain of the global virus pandemic. As a commodity based currency the Australian dollar can often come under huge pressure when the world economy starts to slow down and this happening at the moment. The pound briefly hit a high of 2.08 towards the end of the week before falling to just above 2. It then started to fall once again at the end...