Pound to Australian Dollar to be Impacted by AUD Economy

Pound to Australian Dollar to be Impacted by AUD Economy

After gradually weakening throughout much of the past 3-months the Pound to Australian Dollar now sits just above the 1.80 handle, after a couple of positive days for the Pound helped push the currently back above it. There doesn’t appear to be the same level of resistance or support for the pair moving through the 1.80 level as we have previously seen with the pair, and perhaps this is due to the magnitude of events influencing the foreign currency markets at the moment. Whilst much...
AUDGBP Continues to Rise, But How Long For?

AUDGBP Continues to Rise, But How Long For?

Subdued start to the week for AUDGBP, AUDEUR and AUDUSD as the markets await for tonight’s mixture of surveys from down under and long stream of economic data from Australia’s leading trading partners to set the AUD onto it’s trend for the week. The AUDGBP rate has edged dangerously closer to it’s key resistance levels of 0.56, a mark we have only seen breached 4 times since the start of 2018 and certainly triggering the best opportunity to buy pounds with Australian dollars so far...
Australian Dollar Forecast: AUD Holds Firm Against US Dollar

Australian Dollar Strength Continues; GBPAUD Just Over 1.80

Despite the gloomy outlook for the global economy, Australia is expected to avoid the worst of the fall and only one other developed nation is expected to be less impacted by the lockdown measures, and this is South Korea. The Australian dollar had already been strengthening against the pound before the seriousness of the pandemic set in, and since March the GBP to AUD exchange rate has been on a downward path. Over the past year the pair have traded as high as 2.08...
Australian Dollar to Pound Rate Continues to Remain in Monthly Range

Why is the Australian Dollar Forecast Strengthening?

AUD’s bout of strength against the pound continued yesterday, with GBPAUD falling by almost two cents during the days trading. This positive move for the Australian dollar forecast comes despite the UK relaxing some of their lockdown measures in a bid to boost the economy, whereas the state of Victoria in Australia announced earlier in the week that some lockdown measures would be reintroduced. AUD Gains Despite Lockdown Measures Being Reintroduced In the UK, Boris Johnson announced at lunchtime yesterday that lockdown measures would be relaxed...
AUDGBP Strengthens Against but AUD Lower Against USD and EUR

GBP to AUD Rallies as Global Risk Sentiment is Dented

The Australian dollar has come under a sudden bout of pressure as a second wave of the Coronavirus has been recorded in Beijing. The development has seen the Australian dollar suddenly reverse some of its incredible gains that is has made in recent weeks. Rates for GBP AUD increased by over 1% yesterday to a high of 1.8425 on the back of the news. What is striking is that all of the new cases in China have been linked to a major wholesale food...
Australian Dollar Forecast: AUD Holds Firm Against US Dollar

Australian Dollar Forecast: Will AUDGBP Continue to Rise?

This month the Australian dollar has reached an 8 month high against sterling and over the last 10 weeks exchange rates have increased by 5 ½ cents. At the beginning of April the Australian dollar forecast was poor against sterling due to a steady increase in the pound's value off the back of a Tory majority Government and also due to the Australian dollar feeling the strain as a commodity currency because of the global uncertainty surrounding COVID-19. However as stated about since the start...
Increase in Risk Appetite Helps Support the Australian Dollar

Increase in Risk Appetite Helps Support the Australian Dollar

With parts of the world getting their economies back up and running due to a lessening of lockdown measures we have seen an increase in risk appetite amongst investors. The safe haven of the Swiss franc and the US dollar are now being left behind and money is being moved into riskier currencies. The Australian dollar being a destination of choice. The impact of the Coronavirus was light in comparison to other countries and is becoming a more popular destination for investors capital. As...
AUDGBP Strengthens Against but AUD Lower Against USD and EUR

Pound to Australian Dollar Exchange Rate Slides Further as Brexit Talks End This Week

The pound to Australian dollar exchange rate continues to move lower as the outlook for the global economy improves after the onset of Coronavirus. The Australian dollar which was initially hammered by Covid-19 has seen a remarkable recovery and those looking to buy pounds or US dollars with Australian dollars would be wise to review the markets and consider their options. The Australian dollar even hit a 4-month high against the US dollar this week highlighting a seismic turnaround. Why Has the Australian Dollar Strengthened...
Over the course of the last week the Australian dollar has done well against Sterling, the AUDGBP rate currently sits at 0.5651.

Will Australian Dollar Strength Continue Against USD, EUR & GBP?

Australian Dollar strength has continued against most major currencies, seeing yet another week of gains against U.S dollar, euro and sterling. AUD USD is currently nestled just below 0.70 as an interbank rate of exchange and is closing in on the highest level seen since January where the rate managed to breach 0.70 at the start of the year. There is no hiding the fact that America has plenty of issues at the moment, not only the struggle with Covid-19 and the many thousands that are...
Australian Dollar Forecast: AUDGBP gains by 10% since April

Australian Dollar Forecast: AUDGBP gains by 10% since April

The Australian dollar forecast continued its rally against the pound yesterday, following the Reserve Bank of Australia's (RBA) decision to keep interest rates on hold at their record low of 0.25%. Yesterday’s exchange rate movement follows the consistent trend we have seen in recent months, with AUDGBP exchange rates moving by over 10% since the beginning of April. In monetary terms, a transfer of A$200,000 to Sterling today compared to the beginning of April could achieve in excess of an extra £10,000. If you...