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A round up of the latest Australian Dollar forecast news items from the Currency News desk.

Pound to Australian Dollar Exchange Rate Rangebound as UK Inflation Rises in December

20 Jan 2021 at 2 PM - Written by John Cameron

GBP to AUD Exchange Rate Steady as UK Shoppers Returned to High Streets in December The Pound to Australian Dollar exchange rate held steady today. The pairing is currently fluctuating around AU$1.76. Sterling rose against AUD today following the release of the latest UK inflation data for December, which jumped as shoppers returned to...

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Pound to Australian Dollar Exchange Rate Holds Steady as London Trials 24/7 Covid-19 Vaccination Centres

18 Jan 2021 at 4 PM - Written by John Cameron

Sterling Struggles as Covid-19 Vaccine Supply Issues Dampen UK Market Mood The Pound to Australian Dollar (AUD) exchange rate held steady today, with the pairing currently trading around AU$1.76. Sterling struggled to rise against the ‘Aussie’ today despite news that London would begin trialling 24/7 Covid-19 vaccination centres....

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Pound to Australian Dollar (GBP/AUD) Muted Despite GDP Beating Forecast

15 Jan 2021 at 2 PM - Written by John Cameron

The Pound to Australian Dollar (GBP/AUD) exchange rate has made modest gains this week as the Pound attempts to rebound against the Australian Dollar. The Pound Sterling’s gains, however, have been limited as better-than-expected, yet still disappointing, GDP data from the UK limits gains. At the time of writing on Friday afternoon,...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Buoyed as BoE Cast Doubts on Negative Interest Rates

12 Jan 2021 at 11 AM - Written by John Cameron

GBP/AUD Exchange Rate Firms as amidst Falling Odds of Negative Interest Rates The Pound (GBP) is ticking higher against the Australian Dolar (AUD) and the majority of its other peers this morning following comments from Bank of England (BoE) Governor Andrew Bailey regarding negative interest rates. There has been speculation in recent...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Pushes Higher on Narrowed Australian Trade Surplus

7 Jan 2021 at 2 PM - Written by Frank Davies

Narrowed Trade Surplus Fuels Pound Australian Dollar Exchange Rate Gains A sharper-than-expected narrowing of the Australian trade surplus encouraged the Pound to Australian Dollar (GBP/AUD) exchange rate to push higher. Although the trade balance remained in a state of surplus investors were still disappointed to see the figure narrow...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Stumbles as Covid-19 Vaccine Optimism Grows

30 Dec 2020 at 12 PM - Written by Frank Davies

Covid-19 Vaccine Hopes Shore up Market Risk Appetite and Australian Dollar Market optimism over the potential approval of an additional Covid-19 vaccine in the UK helped to keep the Pound to Australian Dollar (GBP/AUD) exchange rate on the back foot. With AstraZeneca vaccine reportedly moving closer to approval for use in the UK markets...

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Pound to Australian Dollar Exchange Rate News: GBP/AUD Muted as Brexit Euphoria Fades

29 Dec 2020 at 1 PM - Written by John Cameron

GBP/AUD Exchange Rate Flat on Lingering Brexit Concerns Despite relief that the UK and EU finally managed to reach a post-Brexit trade deal last week, the Pound (GBP) is struggling to find support so far this week. This is in part due to the deal already being priced in, as in spite of the hard-fought negotiations and frequent...

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GBP/AUD Exchange Rate Steady as Bank of England Holds Interest Rates

17 Dec 2020 at 5 PM - Written by John Cameron

GBP/AUD Exchange Rate Rangebound as Brexit Talks Make ‘Good Progress’, according to EU The Pound to Australian Dollar (GBP/AUD) exchange rate continues to trend higher today after the Bank of England (BoE) held interest rates at 0.1% despite an uncertain economic outlook. At the time of writing the GBP/AUD exchange rate is currently...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Hits Lowest Level Since January 2019 on No-Deal Brexit Odds

11 Dec 2020 at 12 PM - Written by Frank Davies

Higher No-Deal Brexit Odds Weigh Heavily on GBP/AUD Exchange Rate Resurgent fears over the odds of a no-deal Brexit drove the Pound Australian Dollar (GBP/AUD) exchange rate to its lowest level since January 2019. As European Commission president Ursula von der Leyen reported to EU leaders that a no-deal scenario now has a ‘higher...

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GBP to AUD Exchange Rate Rebound May be Limited a Brexit Impasses Persist

3 Dec 2020 at 4 PM - Written by James Fuller

Investors are buying the British Pound to Australian Dollar (GBP/AUD) exchange rate today, despite persisting concerns that the Brexit process could end with a no-deal outcome. The risk and trade-correlated Australian Dollar is struggling to push higher, but the Pound’s potential to advance may be limited going forward unless there is some...

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