EUR GBP Moves Higher Ahead of UK GDP Update

Pound to Australian Dollar forecast for the week ahead!

This week sees a series of key releases which could affect the GBPAUD exchange rate pairing, on balance a test of the 1.80 resistance level seems a real possibility. It will largely depend on UK economic data and political developments, plus some important Australian news as well. The key economic data this week for the UK is going to be Unemployment and Inflation data released Tuesday and Wednesday, it could well paint a more positive picture for the Bank of England to be raising interest...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...
EUR GBP Moves Higher Ahead of UK GDP Update

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...
Pound to Australian Dollar Exchange Rate Weakens After Flash UK Services Data

US Tariffs on China and the impact for the Pound to Australian Dollar rate

The Pound versus the Australian Dollar has risen up past 1.79 this morning and potentially due to hit 1.80 over the next few days after US President Donald Trump's plans to impose a 10% tariff on US$200bn worth of Chinese imports. The tariffs are not set to be introduced just yet and will be reviewed over the next 2 months. However, Trump has also suggested that tariffs could rise to as much as US$500bn on Chinese imports which accounts for almost the whole amount of...
GBP AUD Weak as RBA Governor Signals 50bps Hike 

GBP strengthens against AUD despite Brexit uncertainty

Sterling has gained ground against the AUD during Tuesday’s trading, despite yesterday’s unsettling developments inside the UK Government. UK PM Theresa May was fighting off questions today about the destabilisation of her Government, following the resignations of chief Brexit negotiator David Davis and Foreign Secretary Boris Johnson. GBP/AUD rates have bucked the expected trend however, with Sterling putting pressure on 1.79 at today’s high. The AUD did find plenty of support around this threshold, moving back below 1.78 this afternoon. The AUD, along with the other commodity-based...
GBP AUD Rallies Ahead of Westpac Consumer Data

GBPAUD lower on Brexit uncertainties!

The Pound to Australian Dollar exchange rate has been gently slipping as fresh uncertainty over Brexit sees the Pound dropping lower against all currencies. This is rather frustrating for clients buying Aussie Dollars with Pounds since Friday of last week and the early morning today started off rather well. This is because on Friday the release of the latest NFPR (Non-Farm Payroll) economic data from the United States helped see the Pound trade higher against the Australian Dollar. The Aussie Dollar is closely linked to...
GBP/AUD Forecast - Westpac banks economic forecasts cause a sharp sell-off of AUD

Will the Pound break past 1.80 this month?

The Pound vs the Australian Dollar has remained in a very tight range over the last couple of weeks desperately trying to break towards 1.80 but each and every time it gets close it tends to fall short. The trade tariffs introduced recently between the US and China have not boded well for the Australian Dollar as any negative news tends to cause a problem for the Aussie Dollar as China is Australia's largest trading partner. The US have continued on their path of raising interest...
GBP AUD Consolidates with UK Employment Due

Australian Dollar under pressure with concerns over trade tariffs

The AUD remains under pressure, with concerns over how President Trump’s tariffs will affect global trade. With a full-scale trade war now looming, investors are starting to shy away from the commodity-based currencies such as the AUD and moving their funds back into safer havens such as the USD. This is why the greenback will generally strengthen during times of economic uncertainty and export driven currencies such as the AUD will lose value. A slowdown in global trade has already negatively affected the Australian economy, as...
EUR GBP Moves Higher Ahead of UK GDP Update

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...
GBP AUD Weakens Ahead of Aussie Jobs Report

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...