UK Data Marks Busy Start to Week for AUDGBP Rates

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...
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...
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...
Australian Dollar Remains Resilient Despite Unemployment

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: Reserve Bank of Australia Fears the Worst For Economy

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,...
First Covid-19 Economic Update Due This Week, What Could Happen to AUD Exchange Rates?

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...
A Good Start to the Week for AUDGBP

Will the Australian Dollar Continue its Trend Against GBP?

Since countries all over the world started to go into lockdown the Australian dollar has been making steady inroads against the pound. Exchange rates have improved from the low of 0.4882 that we saw at the beginning of April to 0.5408 at the time of writing this article. Australian Dollar Benefits Due to an Improvement in the Global Economy The Australian dollar is seen as a risk based currency, and now that the global economy is starting to tick over, commodity prices are on the rise...
AUDGBP: Australian Dollar Weakens in Worst COVID-19 Day Yet

Australian Dollar Forecast Looks Strong as we End the Month

The Australian dollar forecast has continued to look rather positive vs Sterling as risk appetite has been rising since the height of the global pandemic. China has reopened and with cases in Australia at small numbers the Australian economy is doing well. Overnight we have seen risk appetite increase with Japanese stocks rising by over 2% following the Prime Minister Abe’s suggestion that further fiscal stimulus will be coming. Also, China’s Central Bank Governor has suggested that they will also be carrying on with their...
Will GBP to AUD Continue its Recovery?

Why Does the AUD to GBP Exchange Rate Continue to Rise?

AUD to GBP exchange rates have been on the rise since the start of April and mid-market exchange rates have increased from 0.4882 to 0.5352 (9%).