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GBP to AUD Forecasts

Will UK Jobs Stats Weaken GBP AUD this Week?

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Date: February 13th, 2017.

This week could be a stormy one for the Pound Australian Dollar exchange rate, with the UK set to release potentially influential inflation and employment figures. Last week saw the Pound start and finish trading in the region of 1.62 against the ‘Aussie’, with GBP unable to hold the 1.64 level seen towards the end [...]

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Last week Australia’s trade surplus impressed traders and the Pound Australian Dollar exchange rate accordingly plummeted from an interbank rate of 1.66 to 1.62, but the pair could make a recovery from its lowest levels this week. The Pound was on the back foot against most of its currency rivals last week, recording losses against [...]

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GBP AUD Slumped as MPs Debated Article 50 Bill

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Date: January 31st, 2017.

Investors were discouraged to find that the Australian Consumer Price Index had fallen short of forecasts in the fourth quarter, undermining confidence in the outlook of the domestic economy. As inflationary pressure unexpectedly dipped from 0.7% to 0.5% on the quarter, the appeal of the ‘Aussie’ slumped sharply. The downside disappointment prompted renewed speculation that [...]

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The Pound to Australian Dollar exchange rate firmed ahead of this week’s UK Supreme Court judgment, but following the decision GBP investors were slightly disappointed. Concerns about a potential second Scottish independence referendum rose and GBP AUD failed to hold its best levels. While many analysts expected Sterling to advance if the UK Supreme Court [...]

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Investors were fretting about UK access to the single market last week, while recovering iron ore prices furthered the GBP AUD exchange rate decline. The GBP AUD exchange rate spent the past week on a strong downtrend, with fears of a ‘Hard Brexit’ weighing on Sterling and the Australian Dollar receiving a boost from buoyant [...]

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The Pound dropped heavily against the Australian Dollar at the start of the week thanks to the comments made by Prime Minister Theresa May over the weekend. The Australian Dollar, meanwhile, has been supported by some good news – the expectation that billions will come into the economy from mining exports. Last week, the interbank [...]

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GBP AUD Dips as 2017 Begins

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Date: January 3rd, 2017.

The Pound to Australian Dollar exchange rate has tumbled since markets opened this week. While GBP has been supported by the latest British data, this week’s risk rally (bolstered by optimism in commodity markets) has thus far kept Sterling at bay versus the ‘Aussie’. The interbank GBP/AUD exchange rate held 1.70 at the time of [...]

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Commodity Price Rally Weighs on GBP AUD

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Date: December 28th, 2016.

The limited trading volumes of the festive period have resulted in some volatile movement for the GBP AUD exchange rate, with both the Pound and Australian Dollar suffering from bearish headwinds. Demand for the commodity-correlated ‘Aussie’ has been limited thanks to the strength of the US Dollar, as markets have moved to price in higher [...]

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The last few days saw the Pound Australian Dollar exchange rate undulating as markets awaited the latest developments from the US and UK central banks. Last week opened with the Australian Dollar firmly in bullish territory. Investors were holding their breath ahead of the week’s widely-anticipated US Federal Reserve policy meeting, which boosted risk-appetite; this [...]

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The Pound to Australian Dollar exchange rate advanced to a new two-month-high in the wake of the Reserve Bank of Australia’s (RBA) unsurprising interest rate decision. Pound movement has been limited since markets since markets opened this week as Britain’s Supreme Court has been embroiled in an appeal with the UK government. The UK government [...]

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