AUDGBP Tries to Recover from Recent Lows with RBA

Australian Dollar Strength as Travel Corridor with New Zealand Opens

Following the significant weakening the Australian dollar saw at the back end of September, the commodity currency has rebounded robustly and sits on multi-week highs against some of its major currency counterparts. We've seen some Australian dollar strength against the US dollar, with AUDUSD bolstered by over 1.5 cents in the last 10 days which could well continue considering the recent news that US President Trump now has coronavirus and, in the lead up to the election on 3rd November, may create increased uncertainty...
AUDGBP Lower Again with Risk Markets Sell-Off

AUDGBP: Australian Fears as Virus Cases Jump

Australia has reintroduced lockdowns in the Victoria area after new COVID-19 cases appear continue to rise. There has been a report today of 288 new cases, the highest on record for any part of the country since the pandemic started. Australia was acknowledged as one of the best handlers of the initial outbreak as they very swiftly stopped a major outbreak. However as they have started to reopen their borders it appears there could be trickier times ahead. The only people allowed to re-enter the...
AUDGBP Lower as Sterling Gets a Growth Boost

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...
AUDGBP Volatile After RBA Rate Announcement

AUD to GBP Slower but Brexit Could Accelerate Rates Again

At present, there could be a continuation for the AUD to GBP mid-market exchange rates gains we have seen over the past 3 months. Although the Australian dollar has been making consistent inroads against the British pound with rates improving from 0.48 to the current 0.55 at time of writing, over the past few weeks the rate improvements have begun to taper off and could plateau shortly if no stimulus, or weakness in Sterling, ensues. Having said that, with the recent news in the...
AUDGBP Looks for a Low with PMI Data Ahead

Australian Dollar Strength Continues; GBPAUD Just Over 1.80

Despite the gloomy outlook for the global economy, Australia is expected to avoid the worst of the fall and only one other developed nation is expected to be less impacted by the lockdown measures, and this is South Korea. The Australian dollar had already been strengthening against the pound before the seriousness of the pandemic set in, and since March the GBP to AUD exchange rate has been on a downward path. Over the past year the pair have traded as high as 2.08...
AUDGBP Higher with Data, Will Australia Follow NZ ON Property?

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...
AUDGBP Volatile After RBA Rate Announcement

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...
AUDGBP Finds Support After RBA Meeting Minutes

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...
AUDGBP Slumps Again with Sydney Lockdown, House Prices

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...
AUDGBP Lower Again with Risk Markets Sell-Off

Australian Dollar Forecast: Brexit Talks Continue This Week

The AUDGBP exchange rate continues its incline with a big increase this morning taking rates for the AUDGBP pair to a high of 0.5450. The Australian Dollar Forecast for AUDGBP exchange rates look set to be driven by Brexit talks this week. The Australian dollar has been boosted as economies around the globe have intervened with their own measures which has provided a slightly better outlook globally following the onset of Coronavirus. Australia has not been impacted as badly as other economies around the globe,...