AUDGBP Makes Back Some Lost Ground From Last Week

AUDGBP: Australian Recovery Raising Bigger Economic Questions

Over the course of the last week the Australian dollar has done well against Sterling beating the recent lows since the beginning of the pandemic. The AUDGBP rate currently sits at 0.5651 which is a few percent below the lowest point in COVID-19. The main reason for the fall is the uncertainty surrounding the pound and Brexit. It’s clear that the concerns surrounding a no deal Brexit are returning and the UK Government pursuing a path to try to break the withdrawal agreement was...
Australian Dollar Gains a Cent on EUR and USD in a Week

Australian Dollar Forecast: Why is AUD Gaining Against GBP?

The Australian dollar to pound exchange rate has started this week on the front foot, strengthening by as much as 0.5% throughout Monday morning’s trading session. The pound has been weakening across the board amidst Brexit negotiations starting up again this week, and the AUD’s position has strengthened with some positive news regarding a potential vaccine. There does however remain to be some downside risk to AUD value with concerns over the impact of further lockdown measures in the coming months. Australia Reach Vaccine Deal...
Could this Key Week for Brexit Negotiations Impact AUDGBP?

AUDGBP: Australian GDP Disappoints, AUD Weakness

The AUDGBP rate is trending higher this morning, with the pair climbing above 1.82 at the highest level so far. Since breaking above the 1.80 handle at the end of July the pair have found support and traded within a thin range ever since after beginning the year in a very volatile fashion. This morning’s market movement can be attributed to a slowdown in the Australian economy, with the country hitting the financial headlines after falling into recession for the first time in nearly 30-years....
Australian Dollar to Pound Rate Continues to Remain in Monthly Range

Australian Dollar to Pound Rate Continues to Remain in Monthly Range

The AUD/GBP has moved from the high to the low just 1.8% over the course of the month, making it a relatively low month for volatility. Following the huge 10% gain we have seen for the Aussie since the start of the Coronavirus outbreak sterling has made only a very small dent into this lost ground. There is a real argument at the moment that investors around the world are waiting to see how the dust settles and that looks to have been exasperated...
AUDGBP Makes Back Some Lost Ground From Last Week

AUDGBP: Rate Volatility Following Fall in Export Prices

Australian dollar exchange rates have proved volatile over the course of the past 7 days, with sharp swings in value particularly for AUDGBP and AUDEUR. The main factors currently driving AUD rates continue to be global share prices, commodity prices such as oil and coal, and the impact of Covid 19 on the economy. As such anyone who has a pending or upcoming AUD currency transfer should keep an eye on news headlines relating to these topics as they are likely to continue to...
AUDGBP Exchange Rate Starts the Week in Strong Fashion

AUDGBP Exchange Rate Starts the Week in Strong Fashion

Sterling exchange rates have begun the week on the backfoot, with the AUDGBP exchange rate trending lower at 1.8240 at the time of writing. There has been a slight sell-off of the pound since we saw it climb to its highest level against the Australian dollar last week in around 6-weeks when the AUDGBP pair almost climbed as high as 1.84. Perhaps one of the reasons for the small sell-off of the pound can be attributed to the comments made last week by Michel Barnier,...
Australian Dollar Gains a Cent on EUR and USD in a Week

Australian Dollar Forecast – Will AUD Weaken, Short Term?

The Australian dollar has been weaker in the last couple of weeks as a fresh series of Coronavirus cases and news dampens the previously more buoyant attitude towards the Aussie dollar. The country has staged quite a U-turn in recent weeks having previously appearing close to eradicating the virus. Last week saw the worst day for deaths albeit with low infections, and Melbourne has been placed under a strict lockdown since 3rd August. The Australian currency has weaker ever since news emerged of the virus...
Australian Dollar Gains a Cent on EUR and USD in a Week

AUD to GBP Remains on Hold Following Aussie Weakness

In the last four weeks the AUD to GBP rate has given up nearly three percent, following a near 10% gain from the start of the lockdown pandemic. The AUD to GBP is currently at 0.5324 whilst it was at 0.5649 at the end of July. Over the course of the next few weeks it will be interesting to see if the trend continues with Sterling making further gains. The Australian economy like much of the world has seen difficult circumstances thrust upon them...
Australian Dollar Forecast: AUD Holds Firm Against US Dollar

UK Data Marks Busy Start to Week for AUDGBP Rates

AUDGBP exchange rates could break out of current ranges this week with several economic releases from Australia and the UK due for publication over the course of the next couple of days. In the UK, this morning’s long list of releases from the jobs market could prove particularly decisive for sterling’s value on the international stage. Given the latest surveys suggesting that 1/3 of UK businesses are expected to make redundancies in between June and September of this year, the markets might be paying close...
AUDGBP Makes Back Some Lost Ground From Last Week

Aussie Dollar Weakness See’s AUD to GBP Forecast Downgraded

Over the past week or so we have seen the trend for Aussie dollar weakness against the pound, with AUD recovering a few cents from the one-way trend we had witnessed since the beginning of April. When compared to the pound the Australian Dollar has strengthened significantly during this timeframe, with AUDGBP gaining by over 10% over the past 4 months due to both Sterling weakness along with Aussie Dollar strength. Australia had previously been held in high esteem in regards to the way they...