Brexit news: Progress leads to rise in pound to Australian dollar rate
The Pound to Australian dollar exchange rate has hit 1.81 during the last week as it appears as though the Brexit issue is getting nearer to a conclusion.
Will a Brexit deal be agreed in November?
Last week UK Brexit Secretary Dominic Raab suggested that a Brexit deal could be agreed as early as November 21st, although Downing Street has vehemently denied the claims as speculative.
However, I think there is no smoke without fire and I think as each day goes by the UK are...
GBP/AUD Forecast: Pound Strengthens on Reports of Brexit Deal
The pound is making gains against the Australian dollar once again with GBP/AUD rates having pushed back over 1.80. The strength in the price of sterling is largely coming from renewed confidence in the ongoing Brexit negotiations. The Sunday Times this weekend have reported that a deal is very much underway and there is a growing chance that an emergency EU summit will now take place later in November.
Brexit news: EU to change stance on Irish border?
It has been reported that the EU's chief...
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...
Further Brexit news will be important for the GBPAUD pairing
The GBP/AUD exchange rate is currently sat at a pivotal point of 1.80 on the markets and this pairing is most likely to be moved by any further Brexit news over the course of the day's trading.
The reason for the slight kick back in the right direction for those looking to buy Australian dollars with pounds was the news emerging that a Brexit deal may well be getting ever closer. Rumours spread yesterday that Prime Minister Theresa May had agreed a deal with the...
Pound gains on the Aussie dollar owing to positive Brexit breakthrough
Despite coming under pressure recently, the GBP to AUD exchange rate has gained by 2-cents in two-days moving up from lows of 1.7850 to 1.8050 at the time of writing.
Much of this strength stems from some positive news for the UK which was released yesterday, after it's emerged that the UK and EU negotiators have agreed on terms that will allow the UK financial services companies to retain access to EU markets after Brexit. This sector is becoming more and more important to Australia...
GBP/AUD forecast: Australian dollar falls after weaker inflation data
The pound has made gains across all of the major currencies today including the Australian dollar, after a sharp drop in the GBP/AUD exchange rate in recent weeks.
Australian dollar weakness
The Australian dollar has weakened after inflation data arrived weaker than expected, raising concerns for the Australian economy. Consumer Price Index inflation data released overnight fell to 1.9% down from 2.1%, which will be of concern to the Reserve Bank of Australia (RBA). The RBA is in no hurry to raise Australian interest rates...
Concerns over Brexit and China continue to put pressure on GBP and AUD
GBP/AUD rates have fallen by almost 5 cents in the past week, with the pound now seemingly struggling to hold its position above 1.80.
This key threshold has been broken this morning, with AUD making further inroads today. Investor confidence in sterling is decreasing.
The pound has been trading above 1.85 against AUD only recently, and at one stage it looked like a move back to 1.90 was on the cards, with a Brexit deal seemingly imminent and pressure on AUD growing due to a slowdown...
Will the pound to Australian dollar rate fall below 1.80?
The pound to Australian dollar rate has been sliding as the market gets closer to understanding Brexit or the lack of progress on Brexit. Market uncertainties are leaning towards a no-deal Brexit which will cause more disruption to the UK economy and see the pound weaken in the future.
Australian dollar strength
The Australian dollar has also been rising as the market awaits further negative news on the Trade Wars which have so far not been to forthcoming. We have also seen Chinese GDP (Gross Domestic...
Pound to Australian dollar rate remains north of 1.80 despite sterling jitters
Sterling has been coming under pressure this week, mostly owing to the uncertainty surrounding Brexit and the path the UK will take once it departs the European Union.
Brexit deal affecting Pound to Australian dollar rates
Hopes of a Brexit deal being agreed either this month or in November were high up until a couple of weeks ago, when the Northern Irish border issue surfaced once again. This time it appears to be perhaps the main sticking point getting in the way of a deal between...
GBPAUD falls from the mid 1.80s
Considering the current state of Brexit negotiations, I wouldn't be surprised to see GBPAUD fall below 1.80s in the upcoming weeks. A Government watchdog this morning has warned that the UK will pay the price if the UK fail to secure a deal, and to expect queues and delays at the borders, as the UK are not prepared for a no deal Brexit.
At the moment the UK Government are suggesting that 95% of the Brexit deal is agreed, however the Irish border remains the...
