AUDGBP Makes Back Some Lost Ground From Last Week

AUDGBP Weakens This Week Economic Impact of the Victoria Lockdown

The affect that this has had on the strength of the Australian dollar has been somewhat mixed on different currency pairings. The AUDGBP exchange rate has fallen over the last couple of days to day’s 0.54 mid-market level. This is a 9 week low for the pairing, or a 9 week high for clients transferring Pounds into Australian dollars not seen since 11th June. AUD to EUR exchange rates have bumped up 0.5 cents since yesterday but remain relatively unchanged over the last week...
AUDGBP Strengthens Against but AUD Lower Against USD and EUR

Australian Dollar Forecast – Will AUD Weaken, Short Term?

The Australian dollar has been weaker in the last couple of weeks as a fresh series of Coronavirus cases and news dampens the previously more buoyant attitude towards the Aussie dollar. The country has staged quite a U-turn in recent weeks having previously appearing close to eradicating the virus. Last week saw the worst day for deaths albeit with low infections, and Melbourne has been placed under a strict lockdown since 3rd August. The Australian currency has weaker ever since news emerged of the virus...
AUDGBP Makes Back Some Lost Ground From Last Week

Pound to Australian Dollar Rate Rising This Week

The Pound to Australian Dollar exchange rate has enjoyed a mixed start to the week with plenty of volatility and a significant shift in the high-low value. AUD started the week on Monday on the front foot against the Pound having recorded a fall in Coronavirus cases, but a fall in the DOW Jones and a significant economic downturn in Japan has seen investor risk sentiment sink and therefore weakened demand in the Aussie. Why is the AUD Falling in Value? The overall trend this week...
GBP AUD – Will AUD strengthen amid current struggles?

GBP AUD – Will AUD Strengthen Amid Current Struggles?

Australian dollar exchange rates seem to have stalled once more with it’s major currency counterparts capitalising on weaker investor appetite for commodity-based currencies. Against the euro, the Australian dollar has been unable to break back above the 0.61 mark since the end of June and has arguably been stuck in a downward trend since. Equally against the pound, the Australian dollar hasn’t been able to achieve the record breaking 0.56 levels we saw at the end of last month, despite another long run of...
AUDGBP Strengthens Against but AUD Lower Against USD and EUR

AUD to GBP Remains on Hold Following Aussie Weakness

In the last four weeks the AUD to GBP rate has given up nearly three percent, following a near 10% gain from the start of the lockdown pandemic. The AUD to GBP is currently at 0.5324 whilst it was at 0.5649 at the end of July. Over the course of the next few weeks it will be interesting to see if the trend continues with Sterling making further gains. The Australian economy like much of the world has seen difficult circumstances thrust upon them...
Australian Dollar Forecast: AUD Holds Firm Against US Dollar

Australian Dollar Forecast: AUD Holds Firm Against US Dollar

Time and time again the Australian dollar forecast has been showing the world just what unprecedented times we currently live in. The plucky commodity currency has been doing incredibly well against its major currency counterparts despite the global uncertainty the pandemic has created. AUD exchange rates have been very strong recently against the most heavily-traded currency of the US dollar even despite the state of Victoria’s capital, Melbourne, going into strict lockdown on 3rd August. The antipodean currency gained 0.5 cent on the Pound and...
AUDGBP Strengthens Against but AUD Lower Against USD and EUR

Will GBP to AUD Continue its Recovery?

The GBP to AUD rate has continued to recover from the lows seen in July when the pair hit 1.78 which is not far from its annual. The pair are currently trading in the mid 1.82’s so there has been around a 4-cent gain for the pound since the pair hit their 2020 low around 3-weeks ago. The gain of over 2.5% for sterling has occurred due to a combination of better than expected economic data releases for the pound and also weakness to the...
Australian Dollar Forecast: AUD Holds Firm Against US Dollar

UK Data Marks Busy Start to Week for AUDGBP Rates

AUDGBP exchange rates could break out of current ranges this week with several economic releases from Australia and the UK due for publication over the course of the next couple of days. In the UK, this morning’s long list of releases from the jobs market could prove particularly decisive for sterling’s value on the international stage. Given the latest surveys suggesting that 1/3 of UK businesses are expected to make redundancies in between June and September of this year, the markets might be paying close...
AUDGBP Forecast: Will the Pound Break Past 1.84 Once Again?

AUDGBP: Reserve Bank of Australia Fears the Worst For Economy

The Reserve Bank of Australia (RBA) at the end of last week has reported that the Coronavirus impact is going to be significantly worse than was forecast just a month ago. The lockdowns and recent surges in cases is expected to force a much longer lasting impact than was originally expected. Whilst this may not come a s surprise to many it does mean the talk of a fast turn around is something of a distant memory and the Government along with the RBA...
GBP AUD – Will AUD strengthen amid current struggles?

Will We See More Australian Dollar Weakness?

We have seen a good run of form for Australian Dollar exchange rates over the past few months, but there do appear to be a few crack forming around the Australian Dollar and there are now some analysts that feel we may start to see the AUD weaken off a little in the coming weeks. Firstly, cases are rising in Australia – Over the past few months Australia had managed to be one of the better performing countries in the world when it came...