GBP AUD Lower Despite Confidence at Pandemic Lows

GBP AUD Slumps on Johnson Report

The GBP AUD exchange rate was -0.50% lower on Monday as the report on Boris Johnson’s parties was released. The damage was limited but suggests that the police are dealing with up to 12 gatherings. Aussie PMI data showed a shrinking private sector and that will be a blow ahead of the RBA rate meeting today. UK house price sales are also due. The GBP to AUD rate found resistance at the 1.9150 level and has retreated to the 1.9015 price range as traders bailout...
Sterling falls versus Australian dollar, as Brexit outlook up-in-the-air

Pound to Australian Dollar outlook: Rate hits 40-month high, as Brexit agreement agreed with...

UK and EU finalise Brexit deal Sterling stands at 1.8892 versus the Australian dollar on the market today, its joint-highest point in 40 months, or since June 24th 2016, the day after the UK’s Brexit referendum. By comparison, back at the beginning of this year, the pound was as weak as 1.8098 versus the so-called Aussie, so it’s since gained in value by +4.38%, or close to eight cents. GBP to AUD exchange rate strengthens The pound to Australian dollar exchange rate has...
GBP AUD Weak as RBA Governor Signals 50bps Hike 

GBP AUD Sees Resistance After Employment Data

The GBP AUD exchange rate was slightly higher on Tuesday after the UK saw 60k new jobs added to the economy, according to the ONS. That was lower than analysts’ expectations and real wages were also seen lower for the first time in over a year as the cost-of-living crisis heats up in the country. The GBP to AUD rate was trading at 1.8920 but is showing signs of resistance ahead of today’s inflation figures from the UK. UK employment rises but real wages lower due...
GBP AUD Gains After RBA Speech on Rates  

GBP AUD Drops Despite Aussie Consumer Weakness

The GBP AUD exchange rate was lower by -0.30% on Wednesday despite weakness in Australian consumer confidence. The Westpac indicator fell again and was blamed on a potential rate hike. The drop in sterling may be attributed to comments from the BoE’s Chief Economist, who talked of ‘steady’ rate increases. The GBP to AUD rate now trades at 1.8870 and eyes support at the 1.8780 level. Australian consumer confidence weakens on rate hike threat Two-thirds of Aussies now expect interest rates to rise in the next 12...
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...
GBP AUD Pauses After a Recent Bounce Higher 

GBP AUD at Risk of Further Losses Ahead of Data

The GBP AUD exchange rate has been higher for two consecutive weeks but the bounce has not shown strength. The pound sterling could see further losses with UK unemployment and inflation ahead this week. First up will be the RBA minutes of their recent meeting. The UK also has political risk with the threats of triggering Article 16. The GBP to AUD trades at 1.1825 ahead of the RBA minutes, while there is also a speech due from governor Lowe. Australian government slammed for weak climate...
Pound to Australian Dollar Outlook: Is AUD Showing Signs of Strengthening?

GBP/AUD Forecast – Brexit Vote and Global Trade Wars Dominate Headlines

In today's GBP/AUD forecast we discuss the events that are likely to impact exchange rates this week. GBP/AUD rates are currently trading around 1.77, with the Pound still struggling to make any sustained move above 1.80. This inability to break through what has become a key threshold for the GBP/AUD rate, despite the UK and EU finally agreeing a Brexit deal, may be of concern to those clients looking to execute a GBP/AUD transfer over the coming weeks. Parliamentary approval of Brexit is far from a...
GBP AUD Unchanged Despite Weak UK GDP Figures

GBP to AUD weakness as iron ore hits 5 year high

The pound to Australian dollar exchange rate has made some small gains to start this week after a poorer performance from the GBP to AUD pair last week. The general move lower in the last couple of weeks has been influenced by a weaker pound due to continued Brexit uncertainty but also a stronger Australian dollar as commodity prices have spiked higher. In the UK, Brexit remains the single biggest driver for sterling exchange rates although news on this front it likely to be less...
GBP AUD Dips Again Ahead of BoE Rate Decision

GBPAUD Rates Push Higher

The Pound continues its rally higher against the Australian Dollar with rates breaking over 1.83 for the GBPAUD pair. The times are changing now that Sterling has made material gains across a basket of currencies including the Australian and New Zealand Dollars. Much of the market movement is coming from a perceived better outlook on Brexit which is helping to lift the price of Sterling. Comments from the EU’s chief Brexit negotiator Michel Barnier suggest that a deal between Britain and the EU is...
GBPAUD Rate: Pound to Australian Dollar Falls After Weak UK Services Data

Pound to Australian Dollar forecast: GBP/AUD rates fall to 1.80 as Brexit protesters take...

Sterling falls below 1.80 against the Australian Dollar Pound to Australian dollar exchange rates fell back below 1.80 overnight, with the pound hitting a low of 1.7989 on the interbank exchange. Whilst the pound found enough support to push back above this key threshold, it has fallen away from last week’s highs of around 1.82. Pound volatile to Brexit developments Sterling has come under pressure across the board following Prime Minister Boris Johnson’s decision to suspend parliament for up to five weeks in the run...