What Can We Expect From AUDGBP This Month?

What Can We Expect From AUDGBP This Month?

Since the middle of March the AUDGBP exchange rate has been making consistent gains. In a 10 week period exchange rates have increased by 10 cents, great news for any client selling Australian dollars to buy sterling. You can argue that COVID-19 has been a major contributing factor as the infection and death rate is much lower down under, which has helped Australians go about their every day lives in a much easier way than in the UK, even though large parts of Australia...
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

Australian Dollar Forecast – Will AUD Strength Continue?

Overnight, the Australian dollar forecast has weakened slightly, as the latest Consumer Inflation expectations data released showed a small dip in consumer expectations of rising inflation. This is generally a sign that consumers are less positive about the future and indicates a lower probability of an interest rate hike. It is a fairly mid-tier release and hasn’t generated any dramatic market movement. GBPAUD interbank rates are currently 1.8311 whilst EURAUD is 1.6416. In other news in the last 24 hours the latest US Federal Reserve Interest...
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

The AUD to GBP exchange rate has continued to climb since the 3rd April with rates moving swiftly from 0.48 to the current 0.55 with no signs of stopping. Aspects of this rise could be attributed to the UK’s two-front assault emanating from being the 3rd worst virus-hit nation bolstered by political detriment from the ongoing Brexit negotiations coming back into the picture. With the current deadline set for the end of this year, many analysts have suggested that a trade deal is not...
Australian Dollar to Pound Forecast: Why is the Australian Dollar Strengthening?

Australian Dollar to Pound Forecast: Why is the Australian Dollar Strengthening?

The Australian dollar's bout of strength against the pound continued yesterday, with GBPAUD falling by almost two cents during the days trading. This positive move in AUD's favor comes despite the UK relaxing some of their lockdown measures in a bid to boost the economy, whereas Victoria in Australia announced earlier in the week that some lockdown measures would be reintroduced. AUD Gains Despite Lockdown Measures Reintroduced In the UK, Boris Johnson announced at lunchtime yesterday that lockdown measures would be relaxed further as if July...
AUDGBP: Australian Fears as Virus Cases Jump

Australian Dollar Forecast: GBPAUD Falls Below 1.80

The Australian dollar forecast from here will depend heavily on the global recovery from COVID-19 and whether or not there is a second wave of infection.
Australian Economy Set to Take a Few Years to Recover

Australian Dollar Forecast: Further Tariffs from due China?

Over the past month the Australian Dollar forecast has consistently improved against the pound, rising by as much as 5% since the beginning of May. This week however, AUD rates have started to show some fragility and there have been some volatile peaks and troughs in AUD value. The strength of the Australian economy, and therefore the Australian Dollar is heavily reliant on their exports and relationship with their largest trade partner, China. In recent times though, this relationship has become strained, starting with Australia’s...
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...
AUD to GBP Slower but Brexit Could Accelerate Rates Again

Australian Dollar Forecast: AUD Rally Continues

The Australian dollar has strengthened significantly this month against GBP, USD and EUR and this AUD rally has continued at the start of this week and over the past seven days. The main drivers behind AUD gains continue to be due to the country’s handling of the Coronavirus crisis and the control of the spread, along with a renewed confidence in investors and an expectation of increased demand for Australian exports. The Australian economy is heavily reliant on its exports of raw material such...
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

Australian Dollar Forecast – Will AUD Weaken in the Future?

Australian Dollar Forecast Breaking News – China bans Aussie beef and UK GDP shrinks -2% in Q1, GBPAUD back below 1.9
Australian Dollar to Pound Forecast: Why is the Australian Dollar Strengthening?

Will AUD GBP Continue to Recover Ground Lost Last Week?

AUD GBP has remained range bound since the start of the month although we are just over 1%, what's the Australian Dollar Forecast for the rest of this week?