Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

AUD to GBP Rate: Australian Dollar Strengthens After Further Stimulus Promised by the Federal...

The Australian dollar has continued to strengthen across the board this week after trading above 2 a number of times during the last week against the British pound. The Australian dollar has been heavily affected by what has been happening around the world and as it is deemed a commodity based currency they can often feel the effects of a global slowdown. However, more recently the news from China is that they are considering relaxing the controls on movement. This has allowed the Australian dollar...
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

Australian Dollar to Pound Rate: AUD Rallies from Lows as Coronavirus Fears Continue Across...

The AUD to GBP exchange rate is trying to mount a rally after failing to close below the early-February lows yesterday. Prices closed just above the 0.5050 interbank level and this has led to a 0.75% rally, which sees the pair trading at 0.5100. We noted in recent articles that despite stronger economic data from the U.K., the Australian dollar forecast seemed to be discounting the spread of the Coronavirus across Europe. Yesterday also brought the start of the real Brexit trade talks, with...
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...
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...
Australian Economy Set to Take a Few Years to Recover

Australian Dollar Continues to Outperform Other Major Currencies

Since the middle of March when most countries went into lockdown, the Australian dollar has been making gains against sterling, the US dollar, and euro. This may surprise most, as commodity currencies tend to suffer in times of real uncertainty. In addition, the RBA gloomy outlook should be raising concerns for clients holding onto the Aussie. The RBA expect a 10% contraction for Q2 GDP and a 6% fall throughout the year. However, the Aussie continues to march on. Why Has the Aussie Performed Well...
Australian Economy Set to Take a Few Years to Recover

AUD Strengthens as Infection Rate Flattens

The Australian dollar has strengthened considerably against sterling throughout April, and this trend continued yesterday as Australia announced just 4 new cases of Coronavirus
Will the Australian Dollar Continue its Trend Against GBP?

Australian Dollar to Pound Rate: AUD Remains Below 0.5 Against the GBP

The AUD to GBP interbank exchange rate is today ranging between 0.4891 and 0.4935. More recently anything below 0.50 has represented the weaker side for changing Australian dollars to pounds, and anything above 0.5 has stronger side for changing Australian dollars to pounds. Stricker Lockdown for UK? Over the weekend the UK Government has warned that if the public do not abide by the lockdown and social distancing rules, they will have to enforce a stricter lockdown. Latest numbers show the UK has over 47,000 infected...
Australian Dollar to Pound Forecast: Why is the Australian Dollar Strengthening?

Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

The GBP v AUD exchange rate was higher again on Tuesday as traders absorbed recent data trends in a quiet calendar week. The pound was 0.6% higher versus the Australian dollar and trading near 1.9700, whilst global stock markets tried to bounce from yesterday’s heavy selling over the coronavirus fears. Pound Strength Continues Post-Brexit and Election The strength of the British pound recently has been driven by sluggish growth prospects in Australia and an end to the Brexit confusion for business and investors. Recent manufacturing and...
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

Australian Dollar Flat Against the British Pound as Global Markets Recover from Heavy Losses

The Australian dollar was 0.07% lower versus the pound as global markets bounced from a day of panic selling. The big news for the day was the big sell-off in crude oil prices after OPEC failed to agree over cuts to production levels. Losses were seen on other commodities such as copper, which weighed on the outlook for the Australian currency. The AUD to GBP exchange rate was traded at 0.5020 in the European session but there is still a chance that the 0.5000 level...
AUD Exchange Rates Fall Against USD, GBP and EUR

UK Inflation Jumps to a Six-Month High but Fails to Push the Pound Higher...

Inflation figures from the UK in January rose at the fastest pace in six months, according to the latest release from the Office for National Statistics (ONS). Despite reaching a high around 1.9450, the GBP v AUD exchange rate slipped on the day to settle near 1.9400. Consumer Prices Give Central Bankers a Boost The ONS inflation figures for January were expected to show a rise in consumer prices from last month’s 1.3%, to 1.6%. The actual number was 1.8% and will come as a welcome...