Australian Economy Likely to be Worst Hit But to Bounce Back Strongest

Reserve Bank of Australia to cut interest rates tonight, how could this impact Pound...

Reserve Bank of Australia interest rate decision tonight The Australian dollar has been having a tough time against a number of different currencies recently. However, the pound to Australian dollar exchange rate has dipped as the AUD staged a small comeback during last week. It appears as though the issue of Brexit is causing investors to sell pounds, and this is in part why GBP/AUD exchange rates have moved in a negative direction last week. However, major bank Westpac has suggested that the Reserve Bank of...
GBP AUD Soars on UK Coronavirus Variant Panic

GBPAUD nudges 1.80, where next?

The Pound to Australian Dollar exchange rate has nudged 1.80 but quickly retraced the steps owing to concerns over Brexit. The UK also suffered from some poor economic data today with Manufacturing data showing a fall in the PMI, Purchasing Managers Index data. What lies ahead for GBPAUD rates and what is the important news? The RBA (Reserve Bank of Australia), will release their latest interest rate decision this evening which could well be a market mover on the Australian Dollar exchange rate. Whilst no...
AUD Rate Tumbles as Coronavirus Deaths and Infections Climb

Brexit uncertainty affects the pound but a low interest rate could harm the Australian...

With GBPAUD exchange rates trading either side of 1.80 during the last fortnight, the one aspect that appears to be keeping sterling from making real gains at the moment is the ongoing Brexit talks. Brexit outlook continues to affect the Pound At the moment the UK is at a stalemate with the European Union after the Chequers Brexit plan offered by Theresa May over a week ago was rejected, and as yet no suitable alternatives have been offered. With the EU summit set to take place on...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

GBP to AUD Forecast: Australian Dollar Outlook for 2020 Looks Bleak, Economists Suggest Slow...

The AUD has not had the best year in 2019, with lowered interest rates, an above target unemployment rate and lowered spending all combining for a slow year. Economists have warned that 2020 does not look like it will shape up to be much better than 2019. More interest rate cuts are expected, and the outlook is being pinned as better than 2019, but still below potential. They have further stated that the biggest potential surprise could be if the economy picks up at...
GBP AUD Gets a Lift but Sterling Still Weak

Will GBPAUD exchange rates keep rising?

We are witnessing an improvement for Australian dollar buyers with pounds as the good news on a potential deal on Brexit filters through into the currency markets. This has provided the pound with a boost which has seen GBPAUD levels back over 1.80, providing some much needed good news for AUD buyers. The news for the pound is welcome but it is not definite just yet. We are still waiting for the arrangement to be completely finalised which would present the news that would really...
GBP AUD Mixed as Traders Weigh Up Recent Data

Boris and Davis resignations could lead to Torie Leadership Challenge

GBP/AUD – The progress of Brexit negotiations is a key factor in the value of GBP/AUD. The resignation of chief Brexit negotiator David Davis and Boris Johnson does not bode well for Sterling. After Theresa May released her intentions for Brexit, David Davis announced he thought the deal was “unworkable” and quit. Angela Merkel has also stated the deal is unworkable. Despite this the Pound remained robust against the Aussie and we did not see any significant falls. The concern is that Johnson could try and oust...
GBPAUD Rate: Pound to Australian Dollar Falls After Weak UK Services Data

Theresa May urged to consider alternative Brexit deal

May remains defiant Secretary of State for International Trade, Liam Fox and another senior Tory MP, Damian Hinds, both considered close allies of Theresa May, have called for a vote in the House of Commons on possible alternatives to the PM's current Brexit deal. The alternatives to be considered are wide ranging, from a Norway plus deal to a potential no deal. The PM is currently standing behind her own deal despite being stone walled by Brussels. Jean Claude Junker, European Commission President stated the following: "We don't...
GBP AUD Soars on UK Coronavirus Variant Panic

Pound to Australian Dollar rate: Aussie Dollar strength cancels out any gains for the...

Pound fails to move against the Australian Dollar The pound has strengthened quite considerably against a number of major currencies this week, although the currency's gains against the Australian dollar have been subdued as the Australian dollar has seen a spell of strength cancelling out any boosts for GBP regarding GBP/AUD. Brexit dictating Sterling movement Sterling has been rising and rose by the highest amount over 2-days in 10-months against the euro this week. The GBP/USD rate has also climbed by around 1% and this has been...
AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

Brexit vote delay causes problems for the Pound against the Australian Dollar but is...

The Pound fell from its recent highs against the Australian Dollar during yesterday's trading session after the Prime Minister announced that she would be delaying the House of Commons vote on Brexit after failing to get anywhere near the votes needed to approve the current deal on offer. Theresa May will be meeting with Dutch PM Mark Rutte and German Chancellor Angela Merkel in an attempt to try and curry favour in support of changing the current deal including amendments to the current backstop. With such...
Australian Dollar Retreats Against the Pound as Trump Threatens US-China Trade War

Will GBPAUD levels fall back below 1.80?

The Australian dollar was sold off this week owing to the prospect of Australian interest rates being cut in the future. This was in response to an ever growing concern of the negative effects from the trade wars which have seen the Australian economy take a hit from the disruption made to its biggest trading partner China, and global trade in general. Expectations for the Australian dollar now centre around which direction the market believes future interest rates will go. Overall, it seems that the...