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...
GBP AUD Moves Lower After UK Inflation Report

Current Malaise in Brexit Talks Offsetting Further Losses for the AUD

GBP/AUD rates have fallen back under 1.81, with the pound struggling to make any sustained inroads of late. With continued uncertainty around Brexit talks and how they are progressing, investors' risk appetite for the pound has reduced. As a result, the pound has failed to make an impact above 1.80 and even slipped below this key threshold again last week. Despite sterling finding an element of support around this level, it has seen its value drop by three cents from its high of 1.8382 last month. The...
GBP AUD Dips Again Ahead of BoE Rate Decision

What can we expect ahead on GBPAUD exchange rates?

Clients looking to buy or sell the pound against the Australian dollar have been presented with some of the best rates since the Brexit vote lately, with GBPAUD levels rising above 1.80. This could all very quickly change if we see anything negative arising from the Conservative Party Conference which continues this week. The big driver on the GBPAUD pairing is of course the latest twists and turns on Brexit, it is no secret that many Conservative Party members do not like which path Theresa...
GBP AUD Rallies Ahead of Westpac Consumer Data

GBP/AUD Forecast – Brexit negotiations and Trump’s trade tariffs

GBP/AUD rates have remained fairly flat so far this week, with the pair trading just above 1.81 on the exchange. The Pound has failed to make further inroads against the AUD since UK PM Theresa May’s speech on Friday, where she openly stated that Brexit negotiations had reached an impasse. She claimed that the EU had rejected the Government’s Chequers proposal, in which they outlined their plan for a post Brexit deal with the EU. She also claimed that the EU were yet to offer...
GBP AUD Consolidates with UK Employment Due

Pound gains vs the Australian Dollar after US interest rate hike

The Pound has improved overnight versus the Australian Dollar after the US Federal Reserve announced that they have hiked interest rates to 2.25% - the 8th US interest rate rise since December 2015. This was the 3rd hike since the start of 2018 in the US and the central bank suggested that another interest rate hike may be coming, which is likely to occur in December. However, they did suggest that this could be the end of the interest rate hiking cycle and they will see...
GBP AUD Tests April Lows After BoE Rate Hike

Will GBPAUD rates remain above 1.80?

Australian dollar buyers with pounds have had a terrific run as the levels moved 10 cents in a month between the beginning of both August and September. Where sterling is concerned the good news could never last too long and the rate duly dipped last week as Brexit uncertainties resurfaced. The Australian dollar has also found some form rising on the back of a relief rally - when a currency benefits from better than expected market news - because the Trade Wars are not being...
GBP AUD Rallies Ahead of Westpac Consumer Data

GBP AUD Moves Higher as New Tariffs Kick In Today

The pound has rallied higher against the Australian dollar after the recent round of trade tariffs have kicked in today. The US recently imposed $200 billion worth of tariffs on Chinese imports whilst China has imposed $60 billion worth on American imports. The outlook for future trade doesn’t look too optimistic after it has been reported that China has called off planned trade talks with the US. The uncertainty for future trade, not just with China but globally has been a concern for the...
RBA Meeting Minutes and the EU Summit set to dominate GBPAUD exchange rates

Brexit news causes Sterling to fall against the Australian Dollar

The Pound has continued to drop against the Australian Dollar during the course of this week as the latest Brexit talks appear to be going the wrong way at the moment. According to the Retail Sales figure published yesterday, the UK economy was given a boost with the data showing a rise of 0.3% for the last month compared to the expectation of -0.2%. This would have typically given the Pound a boost against any foreign currency but as we have seen during the last few...
Pound to Australian Dollar rate Will the Reserve Bank of Australia cut rates further?

Further Trade Tariffs on China Hurting the Australian Economy and the AUD

GBP/AUD rates moved above 1.81 again overnight but the Pound is still trading almost 3 cents lower than it was on Monday. Sterling hit a high of 1.8394 but has since retracted, with mixed reports regarding Brexit dampening the market's expectations for a swift resolution to the current deadlock. The Pound had enjoyed a positive run against the AUD, gaining almost 10 cents in the past month at its high earlier this week. To put this in perspective, that is an additional 10,000 AUD on a...
GBP AUD Tests April Lows After BoE Rate Hike

Australian Dollar bounces on lack of teeth in Trade Wars

The Trade Wars between the US and China have been a big driver on the Australian dollar exchange rate, moving the market according to the sentiments which are driving the levels. The Australian dollar has actually risen overnight as the market finds the tariffs imposed by both sides are not as bad as some had feared. Trump announced tariffs of 10% on $200 bn worth of Chinese imports, much less than the 25% many were expecting. China has responded to this with their own series...