AUDGBP

The Australian Dollar has seen a bout of strength this week, particularly the AUDGBP rate, as the Brexit deadline date looms, but there are concerns that AUD’s value could dip in the coming months if the RBA step in with further monetary stimulus measures. The RBA’s September policy meeting suggested that the bank would be prepared to step in with further measures and there was the suggestion of a ‘mini’ rate cut. When there’s a suggestion of an interest rate cut, the currency in question...

The Australian dollar’s position might have weakened during Monday’s trading following a slight contraction of -0.2% reported in the ANZ commodity price reading. The release is produced by the National bank and can be used by investors as a early gauge into the prospects of the Australian dollar given how closely tied the currency is to the performances of the country’s leading commodities. The fall in price hear could choke appetite for the AUD as a result. Further compounding this was yesterday’s trade balance...

Aussie dollar to pound exchange rates have enjoyed a particularly volatile time this week, with a shift in the value of the currency pairing of as much as 2.5%. This shift in value has seen a difference of as much as €8,600 on a GBPAUD transaction of £200,000. Sterling had rallied earlier this week on fresh optimism amongst traders that the EU and UK were becoming closer to an agreement on UK fisheries, which has been one of the main hurdles to clear in...

The start of the week has seen the AUDGBP exchange rate make up a little bit of the ground. Last week the Aussie dollar lost nearly 3% from the start of the week to the end, however some of that has been reclaimed. The strength Sterling gained was really from the positive attitude towards Brexit as it appeared that once again there was slightly more prospect of a deal being achieved. However as usual only time will really tell if that is the case. The...

This week has the potential to be a busy one for AUDGBP exchange rates, with UK based politics being the reason behind the potentially busy week. Cabinet Office minister Michael Gove will be in Brussels today to meet with European Commission Vice President Maros Sefcovic to discuss the implementation of the Brexit divorce deal. This comes after tension between UK and EU negotiators owing to the UK government’s plans to implement an internal Brexit bill which aims to ensure smooth trade between the UK’s nations,...

The Australian dollar is not the destination of choice in times of global economic uncertainty. The Australian dollar is a riskier, commodity based currency and so it will remain vulnerable until we see a viable solution on COVID containment. The Australian dollar is heavily reliant on China purchasing its goods and services. If China’s growth falls expect it to have a negative effect on the Australian economy and in turn the Australian dollar. It could prove valuable to keep an eye out for data releases...

Whilst many other major economies are reporting a rise in Coronavirus cases at present, yesterday saw Australia record the lowest one-day rise in new cases in 3 months and the first day without any COVID related deaths in two months. This positive news helped the AUDGBP, AUDUSD and AUDEUR rate strengthen against throughout yesterday’s trading and has provided a boost for any clients in the process of selling Aussie dollars. Lockdown Measures to be Lifted in Victoria, Strengthens AUD With the fall in the number of...

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...

The Australian dollar, for the first week into September, has shown mixed strength against its major currency counterparts so far amidst steep increases of COVID-19 cases and deaths. Surprisingly, the AUD to USD exchange rate, which had been enjoying continuous growth since mid-March, has now seen the currency pairing weaken by 1.5 cents between the start of September and today. Even the USD to EUR rates have dropped despite the previous few months of stagnated movements. The pairing has so far lost 0.6 cents...

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...