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...

Australian elections less than a week away and the impact on the Pound vs...

We are now just less than a week away from when Australia will be going to the polls in another federal election down under. In the last twelve years we have seen a total of six different leaders of the country and this has caused problems for the Australian economy. This has caused a lack of continuity as with such limited time it does not allow a Prime Minister to conclude a lot of their electoral pledges. In the most up to date polls the...
GBPAUD Rate: Renewed Risk Appetite Continues to Benefit the Australian Dollar

GBP to AUD rates begin the week at 1.83 after losing almost 2% last...

After a strong start to the year for GBP exchange rates we saw a sell-off in the currency's value last week as the path to Brexit becomes more complicated, and the UK failed to leave the EU on the expected date of the 29th March. At the time of writing, the pair are trading at 1.8328 after dropping into the later 1.82's earlier this morning before recovering somewhat. The downward pressure on the pound increased last week after UK Prime Minister Theresa May lost a...
Pound to Australian Dollar Exchange Rate Weakens After Flash UK Services Data

Pound hits 4-month high against the Aussie Dollar, what’s driving the rate at the...

Overnight we've seen the GBP/AUD exchange rate hit a 4-month high, after the pair hit a high of 1.8361 in the early hours this morning. For those of our readers planning on making currency exchanges involving the Pound and Aussie Dollar, it's worth noting that the current rate is also around the highest levels since June of 2016 when the Brexit vote actually took place, making it an attractive time to make the exchange based on recent historical levels. The annual low is 1.6685 to...

Sterling Supported ahead of EU Summit

The pound has rallied against most of the major currencies today with a good move higher against the Euro in particular. Rates for GBP EUR have now broken above 1.13 having seen a high of 1.1345 earlier today. Next week is likely to be hugely important for sterling exchange rates ahead of the EU summit 22nd & 23rd March. The transitional agreement on Brexit is expected to be concluded ahead of the summit for it to be put forward to the EU commission for final...
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 Sterling still struggles against the Australian Dollar despite many predicting AUD weakness

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...
AUD Edges Over GBP as Australia Looks to Ease Lockdown Restrictions

Are GBPAUD exchange rates headed for 1.80 this week?

The latest set of Australian GDP data has come in much better than expected with growth for the previous quarter year on year showing 3.4% compared to the consensus of 2.8%. Typically this news would provide support for the Australian Dollar vs the Pound, but shortly after the Chinese published their latest Services PMI data this morning the data showed a fall. As China is Australia's largest trading partner this news caused the strengthening in the Australian Dollar to be relatively limited against the Pound. We...