GBP AUD Stands Still at 1.7700 without Catalyst 

Pound to Australian dollar forecast: Will GBP/AUD levels rise or fall?

Pound to Australian dollar rates have been trending lower as the market becomes more concerned over the outcome on Brexit and there has also been rising belief of progress on the trade wars, which have acted as a major drain for the global economy and sentiments generally. Clients looking to make a purchase of Australian dollars with pounds could find they become unstuck if there is a sudden change in the political situation for the UK. There has been many rumours that we could soon...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

Australian dollar up against the pound but could have problems next week with Australian...

Australian employment data impact GBP/AUD rates We have seen the employment change for Australia coming out better than expected, which has helped to give the Australian dollar a boost against the pound. Employment change figures confirmed growth of 25,700 and the unemployment rate remained the same as expected at 5%. The GBP/AUD rate is 1.81642 at the time of writing this article. However, I think we could see the Australian dollar come under pressure next week when Australian inflation data is set for release. Previously...
GBP AUD Faces Higher or Bust Scenario at 1.7800  

Aussie dollar strengthens owing to positive Chinese data, will GBP/AUD test 1.80 anytime soon?

The pound has hit a 2-month low this morning, making the conversion of Aussie dollars into pound's a more attractive proposition especially when considering the GBP/AUD was over 1.88 within the past month. AUD took a shot in the arm in the early hours of this morning, as data released from its key trading partner has boosted positive sentiment surrounding the Australian economy moving forward. First quarter Gross Domestic Product, which essentially measures economic output grew by a larger amount than expected in China, with...
Pound to Australian dollar forecast: Will GBP/AUD levels fall below 1.80?

Pound to Australian dollar forecast: Will GBP/AUD levels fall below 1.80?

Pound to Australian dollar levels could now struggle to maintain their previous optimism having struggled to remain above 1.83, and even 1.82 in recent weeks. Clients looking to purchase Australian dollars might benefit from a quick review of the latest key events shaping this pairing, as we may enter more troubled waters ahead. For the Australian dollar, the key point overnight is the Reserve Bank of Australia (RBA) Minutes have been released which has weakened the Australian dollar and see the currency slightly weaker. Quite...
GBP AUD Unchanged Despite Weak UK GDP Figures

GBP to AUD weakness as iron ore hits 5 year high

The pound to Australian dollar exchange rate has made some small gains to start this week after a poorer performance from the GBP to AUD pair last week. The general move lower in the last couple of weeks has been influenced by a weaker pound due to continued Brexit uncertainty but also a stronger Australian dollar as commodity prices have spiked higher. In the UK, Brexit remains the single biggest driver for sterling exchange rates although news on this front it likely to be less...
GBP AUD Higher Before Central Bank Decision

Will Brexit happen this year and what will the impact be on the pound...

Despite the ongoing turmoil surrounding the lack of certainty with Brexit the pound continues to remain relatively strong against the Australian dollar. The chances of a No-deal Brexit have all but disappeared and although this is still a possibility I do not think this will happen as for both sides there is too much to lose. It was agreed earlier this week that the Brexit deadline will now be extended to 31st October but if a deal can be agreed prior to that date then the...
GBP AUD Heads for April Lows After UK Data

Pound to Australian dollar exchange rate forecast : Will GBP/AUD fall further?

The pound to Australian dollar exchange rate has been gently sliding from the highs of 2019 where we hit 1.8830, to the recent lows of 1.8262. This is a mixture of a weaker pound on Brexit uncertainties, and a stronger Australian dollar as previous concerns over an interest rate cut begin to fade. Clients looking to purchase Australian dollars with pounds in the future might benefit from an improvement in sentiment over Brexit, which could be seen as early as today when Theresa May will...
GBP AUD Consolidates with UK Employment Due

Pound to Australian dollar rate falls before Friday’s Brexit deadline

The pound to Australian dollar exchange rate has fallen over the last week to the tune of 3 cents for GBP/AUD. The markets are preparing for a volatile few days ahead as Brexit remains the main driver for the GBP to AUD pair. Today in Parliament will be a debate on extending Article 50, whilst discussions between the two main political parties continue to try and find cross party support for a deal on Brexit. So far, whilst discussions have been technical they have...
GBP Continues to Decline Against AUD as Australia Looks to Ease Lockdown Restrictions

Will the EU’s Summit on Wednesday be the biggest influence on the GBPAUD rate...

Both sterling and the Australian dollar have been strong performers so far in 2019, leaving the pair relatively range bound compared to other pairings. Sterling exchange rates have spiked this year in most cases owing to the hopes of either a long term extension to Article 50, or failing that, the avoidance of a no-deal Brexit. It seems that whenever the chances of a no-deal Brexit increase the pound see's a sell-off in its value which goes to show the importance of a deal being...
GBP AUD Flat Ahead of UK Retail Sales Release

AUD forecast – AUD improves against GBP as Brexit uncertainty intensifies

GBP has found plenty of resistance against the AUD over recent days, with the pound struggling to make inroads despite an upturn against the majority of the other majorly traded currencies. GBP/AUD rates have fallen from a high of 1.86 this week, with sterling now trading below 1.84. With this level currently providing plenty of protection for the AUD, the key question now is whether this is a temporary blip or is this the start of a more defining trend? As mentioned, the AUD has managed...