Tag Archives: GBPAUD rates

Will GBPAUD remain above 1.80?

The pound to Australian dollar rate is looking like it might rise further in the future so for clients looking to sell AUD for pounds a quick move is probably sensible. With the levels now safely above 1.80 fr over a week the prospect for it to dip back below 1.80 seems unlikely. Overall the expectation for clients who will need to buy pounds with Aussies is that moving sooner will probably be best.

We learned this week that the pound should find more favour against the Australian dollar on the back of improved expectations relating to the prospect of interest rate rises. The GBPAUD rate was dealt a double whammy when the US raised interest rates but also confirmed extra buoyancy in future hikes which has kept the AUD weaker against both currencies.

We learned very recently that the RBA (Reserve Bank of Australia) will be looking less likely to raise interest rates in the future, this has seen the Australian currency weaker. Interest rates are a major barometer of what will happen to a currency in the future, the expectations that the US Federal Reserve and the Bank of England will raise interest rates ahead of the RBA is putting the Aussie on the back foot.

The next stages of progress will be made in the coming weeks, any surprise twists and turns on Brexit could unsettle the pound GBPAUD rate but the overall impression looks more positive. If you have a transfer buying or selling pounds and Australian dollars making plans ahead of any spike is the best course of action.

If you have a transfer and wish for some expert information and assistance on the currency markets, please don’t hesitate to get in touch with me directly on jmw@currencies.co.uk.

Thank you for reading and I look forward to hearing back from you.

Best rate to buy Australian Dollars since June 2016 (Tom Holian)

The Pound has risen close to EU referendum highs this week against the Australian Dollar after news that a transitional deal has been confirmed.

This has given Sterling a boost against a number of major currencies and with the EU summit due to take place if the talks go well this could see GBPAUD exchange rates continue to rise.

The Australian Dollar has also struggled in recent weeks as the chances are that we will see a number of interest rate hikes in the US during the course of this year and tonight the US Federal Reserve are due to increase interest rates, which will take them higher that in Australia.

In recent years global investors have moved money into Australia owing to the higher yield but as the US economy is improving and a series of rate hike plans are planned this has caused the Australian Dollar to weaken.

In a number of my previous articles I wrote that I thought we would see Sterling break past 1.80 during the course of this month and this has all been proved right.

The minutes from the recent Reserve Bank of Australia meeting suggested that the chances of an interest rate hike down under are very low and this in my mind has caused investors to sell the Australian Dollar in favour of the US Dollar, which has pushed GBPAUD rates in an upwards direction.

Australian unemployment figures are due overnight as well as Australian employment change data and this could cause a lot of movement overnight so make sure you keep a close eye out on what happens with this data release.

Arguably the most important event for GBPAUD rates will be the EU summit which starts tomorrow so expect a lot of volatility in the days ahead.

If you would like further information about what is happening with the Australian Dollar as well as a free quote then contact me directly and I look forward to hearing from you. The more information you provide me about your particular transfer means I can provide you with a more detailed answer.

To Holian teh@currencies.co.uk

Best rates to buy AUD with GBP in 21 months!

The pound to Australian dollar exchange rate has risen to fresh highs, largely owing to a stronger pound. The outlook for the pound against the Australian dollar is now much better as progress on Brexit and confirmation of a transitional deal helps the pound to rise. The Australian dollar could come under further pressure this week as central banks in the UK and US are in focus.

Overnight the Reserve Bank of Australia Minutes have been released which has seen the Australian dollar relatively unchanged, if you need to buy or sell Australian dollars against pounds the markets appears that it will be favouring the pound for this week anyway. Another major factor this week will be what happens with the US interest rate decision on Wednesday evening, this is when the US dollar might rise.

The relationship of the US dollar to the Australian dollar is very important and one that will see the big movements on GBPAUD and EURAUD too. When the US dollar rises it will often lead to the Australian dollar weakening too which gives the better opportunities to buy AUD with sterling.

There is a real belief that we could see further improvements for AUD buyers this week if the US Federal Reserve are positive in their outlook on interest rates. The pound is now at some of the best levels to buy Australian dollars since the Referendum 2016, this might well see the pound stronger further if more Brexit progress is announced.

For more information at no cost or obligation on the best ratesand timing to buy Australian dollars with pounds, please contact me Jonathan Watson by emailing jmw@currencies.co.uk.

Sterling falls after strong words from the EU, will GBP/AUD continue to fall? (Joseph Wright)

Sterling exchange rates have fallen across the board today, after some strong words from the EU negotiating team regarding Brexit have caused Sterling bulls some cause for concern.

It appears that issues surrounding the Northern Irish border and how the customs union will continue along with whether there will be a hard border between Northern Ireland and the Republic of Ireland.

Regular readers of ours will be aware that it’s Brexit related data that’s causing GBP exchange rates to move the most dramatically at the moment, and today is no different as such as an update from Michel Barnier is impacting the Pounds value to a greater extent than the news of a rate hike from the Bank of England recently.

The Pound to Aussie Dollar rate is now dropping into the mid 1.70’s after testing the late 1.70’s in recent weeks. Tomorrow there is the potential for further price movement as there will be there release of Manufacturing data which will cover expectations moving forward. Then on Friday there will be Services PMI which again will cover sentiment moving forward in what’s a very important sector for the UK.

If you would like to plan around these events do feel free to get in touch with me. Also Bank of England governor Mark Carney and UK Prime Minister Theresa May will be speaking on Friday which may move markets, so again it’s worth being aware of this.

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 jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

 

Will Australian Unemployment data send GBPAUD rates towards 1.80? (Tom Holian)

We are in for a big end to the week for anyone looking to transfer Australian Dollars as tomorrow brings with it a number of economic data releases down under.

We start tomorrow with the latest Unemployment figures for January as well as the Participation Rate which rose last month showing a small slowdown in Australia and this has weakened the AUD vs GBP following last month’s announcement.

I expect another slightly negative release for Australia overnight and I think this could provide the Pound with some support vs the Australian Dollar sending GBPAUD exchange rates in an upwards direction.

The Australian Dollar has remained under a lot of pressure against Sterling since the start of the year as the Australian economy has shown signs of a slowdown with the RBA unsure about what to do with monetary policy.

Inflation levels are very different from the west to the east coast and so a change in interest rates will not necessarily be of benefit to the whole country which is why the RBA are likely to keep interest rates on hold.

Meanwhile, the UK have hinted that the next interest rate hike may be coming in May and this is why I think we could see GBPAUD rates heading towards 1.80 before the end of the month. We end the week with RBA Governor Philip Lowe addressing the market so make sure you’re prepared to move quickly.

If you’re in the process of looking to transfer Australian Dollars and would like to save money compared to using your own bank then contact me directly for a free quote.

Having worked for one of the UK’s leading currency brokers for 15 years I am confident not only with being able to offer you better exchange rates but also help you with the timing of your trade.

For further information or a free quote email me directly and I look forward to hearing from you.

Tom Holian teh@currencies.co.uk 

The Pound rallies against commodity based currencies and increases in value against the Australian Dollar (Tom Holian)

The Pound has seen some big gains vs the Australian Dollar on Friday afternoon following the announcement that US inflation data came out lower than expected.

We have seen all the commodity based currencies weaken against the Pound and this is good news for anyone looking to buy Australian Dollars with Sterling.

We also saw lower than expected Chinese Import data and as China is the largest trading partner with Australia this has caused the Aussie Dollar to weaken against the Pound.

The reason why US inflation data is so important to the foreign exchange market is that as the US is the world’s leading economy any slowdown in inflation could mean less appetite for an interest rate hike in the US but more importantly this could show a bit of a global slowdown.

If you combine US inflation with lower than expected US Retail Sales this also has had a negative effect for commodity based currencies.

Therefore, the demand for currencies affected by the value of their raw materials and commodities have weakened. Indeed, the rate to buy Australian Dollars has hit 1.74 which is the highest rate since mid December.

The ongoing uncertainty of how the Brexit talks will go are likely to keep the Pound under so personally I think this positive movement could be relatively short lived so if you’re thinking of buying Australian Dollars it may be worth taking advantage of these current levels.

If you have a currency transfer to make and would like a free quote compared to using your own bank or simply want to compare rates to buy or sell Australian Dollars against your current foreign exchange provider then feel free to get in touch for a free quote. Having worked for one of the UK’s leading currency brokers since 2003 I am confident of being able to help save you money on exchange rates.

Email me directly and I look forward to hearing from you.

Tom Holian teh@currencies.co.uk

Aussie Dollar continues to strengthen as commodities soar, will this trend continue? (Joseph Wright)

The Pound to Australian Dollar exchange rate can at times be heavily linked with what’s happening outside of the UK and Australia, as strange as that seems.

Recently we have seen quite a dramatic move in favour of the AUD, which has coincided with the weakening of the US Dollar. Investors are becoming more apprehensive regarding holding funds in the US Dollar, as both political issues surrounding North Korea and weak inflation have damaged sentiment towards the US Dollar.

The US Fed plans to hike interest rates three times this year, but if this doesn’t actually happen which is a possibly as current Fed Chair Janet Yellen is expected to be replaced in February, I would expect to see the US Dollar weaken which is what we’re already seeing as fears over US inflation levels dropping are dampening hopes of the rates hikes.

Also, at times of US Dollar weakness the financial markets generally gain a greater level of risk appetite. With the Aussie Dollar being a commodity based currency and currently offering one of the highest returns in the developed world it’s not unusual to see AUD boosted.

If you wish to be notified if there is a major move for the GBP/AUD pair, do feel free to get in touch with us as working on a dealing floor allows us to react immediately in order to help our clients.

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 jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Pound vs Australian Dollar Forecast for 2018 (Tom Holian)

The Pound has had a fairly good year vs the Australian Dollar getting close to hitting 1.80 on a number of occasions towards the end of the year.

The commodity based currencies including the AUD, NZD and ZAR have all weakened generally during 2017 owing to the global slowdown.

Owing to the ongoing Brexit saga the Pound has had an indifferent year against both the Euro and the US Dollar but has sustained its strength against the Australian Dollar.

However, what has become apparent is that Australia could soon lag behind the interest rates set out by the US which could cause a lot of global investors to shy away from the Aussie Dollar next year giving the Pound some support.

The Australian Dollar is also heavily reliant on what happens in China and with the value of iron ore having moved a huge amount during the last few weeks both up and down this has caused a lot of volatility for GBPAUD exchange rates.

I think one of the biggest factors influencing GBPAUD rates is that of Brexit so 2018 could be the defining year as to whether we see the Pound getting back to its recent highs vs the Australian Dollar.

In the short term on Wednesday the latest Commodity Index is due for release which measures the values of commodity prices which is an important factor in the value of the Australian Dollar as they are such a large exporter as natural resources.

Therefore, if you’ve got a short term currency transfer to make then keep a close eye out on what happens early Wednesday morning.

If you have a currency requirement to make during 2018 and would like to save money when buying or selling Australian Dollars compared to using your own bank then contact me directly for a free quote.

Having worked for one of the UK’s leading currency brokers since 2003 I am confident of being able to save you money when making a currency transfer.

For further information or a free quote contact me directly Tom Holian teh@currencies.co.uk and I look forward to hearing from you.

Happy New Year and thanks for reading!

 

Pound to Aussie Dollar hovers around a 18-month highs, will the Pound hold on to its recent gains? (Joseph Wright)

The Pound has managed so far to hold onto its recent gains against the Aussie Dollar, despite stalls to Brexit negotiations hitting the headlines over the past week.

There has been hopes of a agreed Brexit bill announcement this week, which would likely push the Pound higher but the there sticking point of Northern Ireland’s terms and its border is proving to be a stumbling block at the moment.

The UK’s Prime Minister, Theresa May has come under pressure for her dealings with her EU counterparts this week after many had expected to see the Brexit bill agreed, only to be disappointed to discover the Northern Irish border issue throw a spanner in the works.

Once the Brexit bill has been agreed the path is cleared for Brexit trade negotiations to begin between the UK and the remaining EU members, which I expect to be a positive for the UK and therefore the Pound. I also think that should a transitional deal be agreed we can expect to see the Pound climb also.

On a negative note for the Pound, should there be further stalls regarding any deals I think the Pound could see a sharp sell-off across the board as the UK is running out of time to make progress at the negotiating table.

If you would like to be updated in the wake of a short term price change between the Pound and the Aussie Dollar, do feel free to register your interest with me.

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 jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

 

Will the Pound improve against the Australian Dollar next week? (Tom Holian)

As predicted in my previous articles the Pound has shaken off the problems against the Australian Dollar following last week’s interest rate decision which saw the GBPAUD exchange rate move in a downwards direction.

The UK economy has proved once again that it is resilient even though politically we are facing the challenge of the ongoing Brexit uncertainty.

GBPAUD exchange rates are once again moving in the right direction breaking through 1.72 on a couple of occasions already this week.

The Brexit talks appear to be moving in the right direction with Theresa May and Michel Barnier both suggesting that behind the scenes progress is being made.

The real issue surrounding Brexit is what the divorce bill will cost and when it will be paid which is one of the sticking points of the discussions.

We have a very eventful week ahead with the release of a number of different economic data due over the next few days.

UK Inflation is due out on Tuesday and this has been a big factor in the recent decision by the Bank of England to raise interest rates earlier this month. Therefore, this could also cause a lot of volatility for GBPAUD exchange rates.

Also, next week is the release of UK unemployment data and with the jobs data performing very well during 2017 I think we could see GBPAUD rates improve by the middle of next week which could provide a good opportunity to look at buying Australian Dollars with Pounds.

If you have a need to make a currency transfer in the coming days, weeks or months then feel free 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 compared to your bank or another currency broker.

Even a small improvement in the exchange rates can make a big difference so feel free to to email me with details of your requirement and you may find you could save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will respond to you as soon as I can.