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

Australian Dollar Forecast: Dovish RBA Minutes Weaken AUD

A reversal of the Australian Dollars recent gains against most of its major counterparts continued during yesterday’s trading, following the latest release of RBA minutes from their meeting in June. Since the beginning of April, in particular against GBP and USD, the Australian Dollar forecast has enjoyed a period of strong gains mainly due to the coronavirus outbreak. Against the Pound for example, AUDGBP rates have gained by as much as 14% in the period since the beginning of April and this has created...
AUDGBP Starts Week Close to One Month Low

Australian Dollar Forecast: Why is AUD Falling?

The Australian dollar forecast has continued to weaken against it’s major currency counterparts with the markets bracing themselves for a long run of potentially pivotal releases from down under and Australia’s key trading partners due in the early stages of this week. Indeed, tonight the Reserve Bank of Australia will release the minutes from it’s latest monetary policy meeting with investors waiting for further justification behind the RBA’s generally reactive stance. Furthermore, we will also gain insight into the flow of Foreign Direct Investment into...
AUDGBP Starts Week Close to One Month Low

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...
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...
AUD Exchange Rates Fall Against USD, GBP and EUR

AUD Exchange Rates Fall Against USD, GBP and EUR

In recent months the Australian dollar has been one of the major benefactors of the current global economic climate, seeing the currency surge in value against most of its major counterparts and this has seen some excellent opportunities for AUD sellers to take advantage of. Yesterday however, there was a significant correction in Australian dollar value, seeing AUD exchange rates plummet by as much as 1% against the pound, euro and US dollar. Investor Flight to Safe Haven Currencies on Stock Market Correction Weakens...
AUDGBP: Australian Fears as Virus Cases Jump

Pound to Australian Dollar Rises after Long Period of Losses

The pound to Australian dollar has shifted higher this morning and remains comfortably above 1.80 although this is now a long way off those highs seen two months ago when rates were sitting comfortably above 2 for the GBP vs AUD pair. The Australian dollar continues to show incredible resilience having rallied 27% against the US dollar since March after it hit an 18 year low. The reason for the Australian dollar strength is down to the sharp improvement in risk appetite. The Australian...
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...
Australian Dollar to Pound Forecast: Why is the Australian Dollar Strengthening?

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...
AUD to GBP Slower but Brexit Could Accelerate Rates Again

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...