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Exchange Rate Forecasts

GBP to AUD Forecasts

There was nothing surprising about last week’s Reserve Bank of Australia (RBA) meeting minutes, with the tone largely in line with market expectations. The RBA’s generally neutral outlook on monetary policy offered some encouragement to investors, limiting speculation that the central bank could return to an easing bias in the near future. While concerns over [...]

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The Pound to Australian Dollar exchange rate fell on Monday. While the pair put in a brief recovery after Tuesday’s stronger-than-expected UK inflation report, the result was not high enough to make investors more optimistic about the Bank of England (BoE) interest rate outlook. As a result, GBP/AUD fell back towards the week’s low of [...]

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Solid economic data from the UK and weakness on the commodity markets helped the GBP AUD exchange rate hit a nine-month high of 1.75 at the end of last week. The GBP AUD exchange rate weakened on Monday thanks to quiet demand for Sterling on the May Day bank holiday. A more upbeat assessment of [...]

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The Pound approached multi-month highs against the Australian Dollar on Monday following an unexpectedly upbeat UK data release. Gains were muted however as the Australian Dollar also benefited from positive news from Reserve Bank of Australia (RBA) officials. Last week, the Pound to Australian Dollar exchange rate rose steadily from an opening rate of 1.69 [...]

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UK government borrowing figures have helped push the Pound Australian Dollar exchange rate 0.7% higher to 1.70 today. UK Prime Minister Theresa May took markets by surprise last Tuesday after announcing there would be a snap general election on June 8th. Markets quickly decided this was a good thing and rushed to buy Sterling on [...]

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Signs were not favourable for the UK consumer as the latest consumer price index report showed a continued increase in inflationary pressures. Coupled with the fact that real wages were confirmed to have struggled in February, with earnings growth outpaced by rising inflation, this suggested that a squeeze on domestic spending is imminent. With the [...]

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The GBP AUD exchange rate had managed to climb higher last week, rising from Monday’s levels of 1.64 to end the week around 1.65; its highest level in over nine weeks. Last week’s GBP AUD gains were not smooth, with major headwinds plaguing both currencies thanks to a combination of domestic data and geopolitical concerns. [...]

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GBP AUD Sturdy before RBA Decision

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Date: April 3rd, 2017.

The Pound to Australian Dollar exchange rate advanced from 1.63 to 1.64 last week thanks to optimistic UK stats, but Monday’s UK PMI disappointed and caused GBP/AUD to give up a brief high of 1.65 The Pound recorded gains against most its major peers last week as investors became hopeful that Brexit negotiations will be [...]

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Rising hopes of an interest rate hike from the Bank of England (BoE) and weakening iron ore prices allowed the GBP AUD exchange rate to climb 2.5% to a seven-and-a-half-week high of 1.64 over the past seven days. GBP AUD climbed notably higher on Tuesday after the latest UK inflation data was released. The February [...]

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GBP/AUD Surges on UK Inflation Stats

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Date: March 21st, 2017.

The Pound to Australian Dollar exchange rate recovered from its earlier dip on Tuesday as investors piled into the British currency after the day’s impressive UK inflation stats. The pairing recovered from 1.59 to 1.61. Sterling rebounded from its lows against the Australian Dollar as demand for the ‘Aussie’ weakened. GBP/AUD went on to extend [...]

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