Category Archives: AUD to GBP

Australian Dollar exchange rates have a volatile 24 hours – Lowe sees a bright outlook (Daniel Wright)

The Australian Dollar has had a fairly turbulent time over the past 24 hours, with fairly large swings against most major currencies.

Leading up to the Federal Reserve interest rate decision over night the Australian Dollar initially gained ground. Janet Yellen, Chair of the Fed then announced that the U.S will aim to start cutting back its QE (Quantitative Easing)  program and that they still plan on an interest rate rise in the coming months.

This led to a little USD strength and weakness for the antipodean currencies (AUD,NZD and ZAR) as we saw investors shift funds out of riskier currencies and into the Dollar following this slightly more positive news.

Earlier today we then saw Governor of the RBA Philip Lowe comment to the American Chamber of Commerce in a speech he called ‘the next chapter’. Lowe was fairly positive about the economy going forward and this gave the Australian Dollar a minor boost back once again in a volaitle period for those that have Australian Dollars to buy or sell in the coming days, weeks or months ahead.

For anyone with an interest in GBP to AUD or AUD into GBP you should be aware of Prime Minister Theresa May speaking about Brexit tomorrow which may lead to a particularly volatile day for the Pound.

If you have a pending currency exchange to carry out in the coming days, weeks or months then it would be prudent to get in touch with me directly no matter who you were planning to use. I have had thousands of people contact me through this blog over the years that had planned to use their bank or their current broker and the vast majority have ended up using our company instead due to better exchange rates and a smooth and efficient customer service.

If you would like to get a free, no obligation quote to compare against what you are currently being offered then you can email me (Daniel Wright) on with a brief description of your needs and I will be more than happy to contact you personally.

Will the GBPAUD rise back to 1.70?

The pound has slipped below the 1.70 mark we briefly touched as investors initial excitement at the prospect of a UK interest rate hike begins to fade. The pound soared last week breaking the 1.70 mark but this was not sustainable, the Australian dollar has been much weaker too but we have seen it regain some strength back too. With almost 5 cents improvements from the worst rates in a very short space of time there are some very good arguments for buying Australian dollars with pounds at present, however there is more important news this week that could influence the rates.

A more optimistic tone from the Reserve Bank of Australia’s Minutes released this week also predicted two hikes in 2018 and talked of the recent highs in Iron Ore prices, all positive news that has helped the Aussie. This is all in contrast to last week when a board member Harper stated he felt that there was little the RBA could do and that the main driver on the AUD was movements on the US dollar.

Big news this week will be the US Federal Reserve Interest rate decision this evening. There is a very strong relationship between the US dollar and the Australian dollar, investors will essentially look to capitalise on the stronger interest rates in Australia but with the US also on a path to raising their own interest rates we could easily see big swings.

Governor Philip Lowe is also due to speak tomorrow and his comments will be watched closely for signs of how he views the possibility of raising interest rates. Friday we have a very important speech from Theresa May in Florence on Brexit which could really see the pound stronger if as expected she indicates a commitment to paying some form of Brexit bill.

GBPAUD is much improved and may well rise higher but it would be a shame for Aussie buyers to miss out on the current much higher rates. If you have a transfer to make and wish to get some extra information to help make a decision on an exchange please contact me Jonathan watson by emailing

GBP AUD Rates Head Towards 1.70 (James Lovick)

GBP AUD Exchange rates have seen excellent gains after a much more hawkish tome from the Bank of England was offered yesterday. Although interest rates were held at record lows and the split on the Monetary Policy Committee remained the same at 7-2 the consensus was that the outlook had changed sufficiently to warrant an interest rate increase in the near future.

The markets jumped on the news and have already begun to price in the prospect of a rate rise as soon as November. As things stand a rate increase in the UK is fully priced in by February with a 50% chance there will be hike in November. This is helping bring considerable support for the pound with a major jump higher and moving back towards 1.70 for GBP AUD. Those clients looking to sell Australian dollars would be wise to consider moving sooner rather than later as yesterdays developments have caused a seismic shift for sterling Aussie.

Some commentators are suggesting that the Bank of England may not actually be as keen to hike with a suggestion that the central bank may be trying to talk the currency up in light of the higher inflation levels the UK has recently stumbled upon. Any watering down of interest rate increases could see a sharp selloff of sterling so clients may wish to capitalise on the higher rates which have all of a sudden become available.

The Reserve Bank of Australia meanwhile may also be considering an interest rate hike down under. Data released yesterday showed 54,200 new jobs had been created as per the Australian Bureau of Statistics. The figures were considerably higher than expected and when considered alongside the higher inflation and booming property market there is every chance the central bank will be quietly mulling over a potential hike. Although no change is expected imminently there could be a period of dollar strength approaching in the coming months.

If you would like further information on Australian dollar exchange rates or any of the major currencies and to discuss how we can assist then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively, I can be emailed directly on

A fairly quiet end to the week for Australian economic data – Bank of England interest rate decision is key today on the markets (Daniel Wright)

The Australian Dollar has remained fairly strong over the past few weeks, mainly down to the Australian economy still posting fairly strong GDP, a strong labour market and solid business investment in recent data.

The one thing that has held the Australian Dollar back has been the weakening of commodity prices and the issues with North Korea causing the perceived ‘riskier’ currencies to lose a little strength.

Chief economist at NAB (National Australia Bank) recently commented that he feels the RBA (Reserve Bank of Australia) may look to raise interest rates in mid 2018 should this trend of positive news continue.

Today will be key for anyone with an interest in buying Australian Dollars with Sterling or selling Sterling to buy Australian Dollars. At Midday in the U.K we have the Bank of England interest rate decision and monetary policy statement. Recent news this week has shown that inflation in the U.K is rising at a fairly rapid pace and currently is sat at 2.9% whilst average earnings figures are only creeping up at 2.1%.

It is doubtful that we will see any changes to interest rates from the Bank of England but what will be key is any indication that the rates may move sooner than the expectation of 2019 then GBP/AUD exchange rates may well be in for a volatile afternoon, or night if you are based in Australia.

If you have a currency exchange to carry out in the coming days, weeks or months then it would be prudent to get in touch with us directly here as we are experts in this field and can both save you money and ensure your funds arrive where they need to be in a smooth and efficient transaction.

Should you wish to contact me (Daniel Wright) personally then you can get in touch with me by email on or by contact our trading floor during U.K trading hours on +44 (01494 725353) quoting Australian Dollar Forecast and asking for me personally.

Will GBPAUD hit 1.70?

Expectations for the GBPAUD rate to keep rising seem now linked inextricably to the likelihood of the UK raising interest rates. GBPAUD rose yesterday from 1.62 to now near 1.66 as markets believe there is an increased likelihood the UK will raise interest rates to combat rising Inflation. The Australian dollar has been performing quite well itself, in the short term this could be a spike to be seriously considering for AUD buyers.

Looking further at what we can see ahead for the UK and the pound this morning’s Unemployment data at 09.30 am UK time and tomorrow’s UK Interest rate decision are the key pieces of news to monitor for movements on GBPAUD. Should the Bank of England acknowledge that improving Inflation is a cause for concern and the market detect signals of a rate hike sterling could well have another good couple of days.

I don’t actually think we will see any UK interest rate hikes for quite some time, the rising Inflation was actually caused by increases in the price of clothes and shoes. I fail to see how this will really be enough of a trigger for the Bank of England to actually go ahead and raise interest rates but nevertheless the speculators will probably seek to push the market higher as a consequence.

If you are buying or selling Australian dollars with pounds this latest movement has presented some excellent short term opportunities. The outlook for sterling remains mixed so making plans around potential spikes is key to maximising your exchange rate. We aim to ensure out clients are totally informed of all the latest trends, news and themes to help them make an informed choice about what is the best way forward.

Fore more information at no cost or obligation please speak to me Jonathan Watson by emailing Thank you for reading and I look forward to hearing from you and assisting in the future.

Sterling gets much needed boost against the Australian Dollar (Daniel Johnson)

Brexit vote boosts the Pound

Sterling has strengthened against the Aussie following what Theresa May called a “historic decision to back the will of the British people.”

Parliament passed a vote to accept some European law which is progress in regards to Brexit negotiations. GBP/AUD has now risen to 1.64. Brexit is a key factor in the value of the pound and the current level uncertainty has made investors reluctant to move to the pound. This spike is certainly welcome.

Inflation key to Interest Rate levels in the UK

The question is will this rally continue?  We have CPI data this morning which is a measure of inflation based on the price changes of goods and services. This is being very keenly watched by investors and market analysts alike. Inflation has seen a rapid rise in the UK this year at one point hitting 2.9%. There were rumors if it continued to increase the Bank of England could hike rates. The next results showed a fall to 2.6% , and today’s figures are expected to come in at 2.8% which could again put a rate hike on the cards and boost Sterling value.

I am of the opinion a rate hike is not a solution to the problem and that in order to solve the inflation problem we need clarity on Brexit and a stable government. The rapid rise in inflation is a direct result of Brexit and the weak value of the pound, goods are now more expensive to purchase from business and that increase is being passed on to the consumer. If average wage growth does not keep up with inflation the economy could be facing serious problems. average wage growth is currently some way behind inflation at 1.8%. The new figures are released tomorrow. Inflation and average wage data could well influence the interest rate vote by the MPC on Thursday. There is definitely the possibility of volatility.

If you have a currency requirement I will be happy to assist. It is crucial to be in touch with an experienced broker when the market is currently so hard to predict. If you let me know the details of your trade I will endeavour to produce a free trading strategy to suit your individual needs. Have faith knowing you will be dealing with a brokerage in business for over 16yrs, Foreign Currency Direct Plc. We are a no risk entity as we do not speculate on the market and we are registered with the FCA. If you have a currency provider take a minute to send over the rates they offer and I am confident I can demonstrate a significant saving.  I can be contacted at . (Daniel Johnson) Thank you for reading.

Will GBPAUD fall below 1.60?

The pound might well easily fall below 1.60 in the future as global conditions continue to favour the current trends we are witnessing on the currency pairing. Expectations for the pound remain confined to the uncertainty over future direction on the Brexit which does not look like being resolved any time soon. If you look at the timelines we have until 2019 for a deal to be arranged for the UK. Of course there is lots to sort out but it is more than likely the negotiations will go down to the wire.

Next week is a very important one for Australia with the latest Unemployment data released. This data has so far been a key indicator as to the strength of the Australian economy and therefore the Australian dollar. If you need to buy Australian dollars this release next week will be the key point of information to be focusing on.

Markets will move for a whole range of reasons, movement on the AUD is further complicated by its relations to international events which influence global attitudes to risk. Generally speaking markets are volatile with a number of key developments with North Korea and the United States. Such concerns can weigh on the Australian dollar which may see some big unexpected swings.

Overall the weakness of sterling seems like it will continue to drag the pair down, the improving and consistent economic picture in Australia should help this trend further. Rates below 1.60 seem a very real possibility in the coming weeks and months. There does remain however the very real possibility events like North Korea shake markets and we see the Aussie suffer.

If you have a transfer to make in the future please speak to us today to learn of the latest news and events in the future that could move your rates. Please contact me Jonathan Watson by emailing


GBP AUD Weak on Brexit (James Lovick)

GBP AUD exchange rates remain under pressure largely as a result of Brexit uncertainty in the UK which is keeping pressure on the pound. At the same time a buoyant Australian economy and an overheating housing market down under are helping keeping the Australian dollar supported. The Reserve Bank of Australia finds itself unable to lower interest rates and risk overcooking the economy. If anything the next move will be up and this is helping support the dollar.

Brexit Update – GBP AUD

Those clients with a pending requirement to either buy Australian dollars or sell Australian dollars would be wise to be kept in the loop with Brexit developments here in the UK. Brexit is the single biggest driver for GBP AUD right now and the weakness in the pound still presents those clients who are selling Australian dollars with an excellent opportunity to convert. If you have a transfer to make whether it be from a property purchase / sale or other investment then please get in touch to see how we can assist. Timing is everything in these markets.

A big day for the currency markets is looming when UK Prime Minister Theresa May is expected to give a speech around the 21st September which is likely to centre on Brexit and new details are likely to be offered. The last time she gave a speech like this was back in January this year at Lancaster House and the pound rocketed almost 2% immediately after.
My view is that this will be a very well crafted speech and the markets will probably receive it very well with gains to be expected for the pound, especially if history repeats itself.

Those clients with a requirement to sell dollars would be wise to consider moving ahead of this speech which will take place in around two weeks’ time, no date has officially been confirmed.

Those clients looking to buy Australian dollars with pounds would be wise to position themselves ready with funds available and in place so if there is a good jump higher we can lock in the rate at the higher levels. Please email me if you would like to discuss and to take a closer look at your potential requirement.

Meanwhile the Great Repeal Bill is being debated in the House of Commons and will be voted on early next week. Any holds up could see GBP AUD weaken in the short term although the bill is widely expected to go through without a hitch. I am not expecting problems here.

If you would like further information on Australian dollar exchange rates or any of the major currencies and to discuss how we can assist then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively, I can be emailed directly on

Australian Dollar to Pound exchange rate drops as Australian GDP data disappoints, will there be a reversal of the AUD/GBP trend? (Joseph Wright)

The Australian Dollar has recently strengthened quite considerably against the Pound, although the trend has been reversed this morning after Australian GDP figures failed to impress the markets enough for the bullish run to continue.

During the second quarter of this year the Australian economy grew at a rate of 0.8% which was in line with what economists were expecting, and it appears that the Aussie Dollar will need some more positive data to come out in order for the currency to once again reach its post-Brexit vote highs.

The Pound has been coming under pressure in recent weeks after fears surrounding the final ‘Brexit Bill’ cost have surfaced, as well as uncertainty surrounding how the Brexit negotiations are going so far with some suggesting they have got off to a bad start.

Yesterday data out of the UK showed that the services sector within the UK has hit an 11-month low which is important sector for the UK due to it accounting for around 80% of the UK economy. Despite this negative news the Pound is still climbing against the Aussie Dollar which to me demonstrates that the Aussie Dollar bullish run is potentially coming to an end.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on and I will endeavour to get back to you as soon as I can.

GBP/AUD – Australian Dollar Strength could spell trouble for exports (Daniel Johnson)

Positive Data from down under could warrant rate hike

The Australian economy has been performing well of late with strong economic data in abundance. We recently saw a release of manufacturing data which showed the highest levels since 2002.  I has been a volatile time due to the recent Nuclear missile test by North Korea over Japan with investors seeking out safe haven currencies due to the threat of conflict.

Poor non-farm payrolls data from the US caused many to leave the greenback, moving to the Aussie with increased risk appetite and the promise of higher returns. With strong economic data out of Australia it could be argued an interest rate hike is on the cards. Philip Lowe however, The head of the Reserve Bank of Australia (RBA) is nervous of the Australian Dollar becoming too strong. Australia is heavily reliant on the Chinese buying it’s raw materiel, particularly iron ore. Iron ore is Australia’s biggest export and has seen a rise in value of late. If goods become to expensive sue to the value of the Aussie this could force the Chinese to look elsewhere. I would imagine the RBA will attempt to talk down the value of the currency through jawboning rather than any drastic changes to monetary policy. Jawboning is a very difficult technique and savvy investors do not always take central banker’s words as gospel.

The pound is in a terrible spot at present. There are two key factor anchoring Sterling. First, political uncertainty. Political uncertainty historically weakens the currency in question and this is what we are witnessing with the pound. With Theresa Mays’s position in doubt due to threats from her own party the pound has little chance of recovery. Next up, Brexit, there is no clarity on the UK’s stance and there is conflict between UK negotiators and Brussels over payment of the proposed exit bill. Bad news is better than no news on the currency market which is why GBP/AUD still sits in the low 1.60s.

If you have a currency requirement I will be happy to assist. It is crucial to be in touch with an experienced broker when the outlook is so bleak for the pound . If you let me know the details of your trade I will endeavor to produce a free trading strategy to suit your individual needs. Have faith knowing you will be dealing with a brokerage in business for over 16yrs, Foreign Currency Direct Plc. We are a no risk entity as we do not speculate on the market and we are registered with the FCA. If you have a currency provider take a minute to send over the rates they offer and I am confident I can demonstrate a significant saving.  I can be contacted at . (Daniel Johnson) Thank you for reading.