Pound to Euro Exchange Rates: UK GDP Released this Morning

When will GBPAUD hit 1.80?

GBPAUD exchange rates are now getting closer and closer to the 1.80 level as we see a slightly improved economic outlook for the UK and global and domestic issues in Australia keep the RBA (Reserve Bank of Australia) on hold. GBPAUD could well hit 1.80 in the next week as we get to a series of very important releases which could move the market. Slightly weaker Australian wage growth saw the RBA refrain from any commentary regarding a possible interest rate rise, they also highlighted...
Brexit uncertainty outweighs Austalian economic problems

AUD Exchange Rates Supported after RBA Holds Interest Rates

The Pound has fallen lower against the Australian Dollar today with levels sitting above 1.78 for the GBP AUD pair. The Reserve Bank of Australia (RBA) have held interest rates at the record low of 1.5% as widely expected. The RBA highlighted that inflation continues to remain below target, although it did signal that inflation could start to rise later in the year and this point appears to be helping support the Aussie today. The reality though is that interest rates are unlikely to...
Australian Dollar Jobs Data: Strong Performance to Match That of the Pound Sterling

UK data due out this week could determine whether the BoE will hike rates...

Sterling strengthened on Friday against the Australian Dollar as well as a number of other major currency pairs, reversing some of the losses from earlier in the week. The reason for the strong performance from the Pound can be put down to the upward revision of UK GDP in the first quarter of this year. Economic output was previously considered to be 0.1% although this figure has been upgraded hence the strengthening Pound. The improvement in the figures is likely to result in an improved...
Will GBPAUD rates rise above 1.80 again? Interest rates shifts will be key...

Will GBPAUD rates rise above 1.80 again? Interest rates shifts will be key.

The pound to Australian Dollar exchange rate dipped below 1.80 in May, largely as a result of the Bank of England not hiking interest rates but also because of rising speculation the RBA (Reserve Bank of Australia) might be considering to raise interest rates in the future. Such a shift in sentiment might well be about to take place again which could push the GBPAUD rate back above 1.80, if certain conditions are met. Interest rates drive the price of a currency in a similar...
Sterling against Australian Dollar in for a volatile week as key Brexit votes approach

Australian Dollar Weakness as Global Trade Concerns Remain

The Pound has been pushing higher against the Australian Dollar over this last month with levels moving closer to the 1.80 target after a nasty dip from Mid-May onward which saw GBPAUD fall to a low of 1.7430. The reason for the recent drop in the Aussie is to do with the ongoing uncertainty surrounding the trade wars stemming from the US and China. The EU has also been drawn into the ring having this week targeted American brand Harley Davidson for EU tariffs....
Pound to Australian Dollar Forecast: UK policymakers talk down the Pound

Will the Pound to Australian Dollar exchange rate break through 1.80 again this year?

At the time of writing the Pound to Aussie Dollar buying rate is lodged just below the 1.80 mark, with its next move likely to offer the pair direction as the year progresses. The highest the pair have traded this year is 1.8448, and considering the pair have traded in the 1.60's over the past year we're still much closer to the annual highs than lows. This is something I think those of our readers exchanging Pounds into Aussie Dollars should consider, especially with the...

Improvements for the Pound but are They Sustainable Under Current Market Conditions?

It’s been a positive day for Sterling, which has made gains against a host of the major currencies. GBP/EUR rates have moved back above 1.14, hitting a high of 1.1462 earlier today. GBP/USD rates have also spiked towards 1.34, although the greenback has manged to find plenty of support just under this threshold. There were also significant gains against the commodity-based currencies, with GBP/AUD, GBP/NZD & GBP/CAD rates all rising by more than a cent. The Pound received a boost yesterday following the release of better...

What can we expect next for the pound? Important news for the pound this...

The pound has been on a gentle path higher since August 2017 when we reached some of the lower points since Brexit. This was most clear against the Euro where GBPEUR dropped to 1.075 testing 8-year lows but GBPAUD retested very close to the 5-year lows of 1.60-1.61. GBPUSD was fairly close to current levels but that is explained more by US dollar movements than the pound. At this time it was the prospect of a no deal on Brexit which drove the rates lower...
GBP/EUR exchange rates creep up over the course of the trading week

Help Trading Sterling

The Pound Remains Fragile The pound has fallen significantly against the majority of major currencies following a host of poor economic data. This has put a halt to a rate hike from the Bank of England (BOE). It looks as though a rate hike this year is now unlikely. GBP/USD – Sterling has fallen heavily against the greenback, this is not just due to the poor monetary policy forecast from the BOE it is also due to positive news from the US. US Treasury bonds now...
GBP EUR Starts the Week on a Positive Note

Will the pound rise or fall this week?

The pound could be in for a good week with a series of important economic releases scheduled which might create some good short-term opportunities for clients looking to buy or sell the pound. Personally, I expect the pound to struggle as recent confidence that the UK will raise interest rates starts to ebb away. The pound has been falling ever since the Bank of England confirmed no rate hike, perhaps for this year and not until 2019. The market was very hopeful of a stronger...