It should be a good time to convert some of your British pounds to Australian Dollars. With mixed data coming from China and a clear signal from the Reserve Bank of Australia that interest rates are on hold for now, there is every reason to see further weakness in the Australian Dollar. Having said all [...]
Australian dollar suffers with exchange rate of 1.56 forecast against sterling.
September 7, 2012 by Leave a Comment
Since bottoming near 1.4700 in early August, the GBP to AUD exchange rates have rallied 17 of the past 21 days, including 7 consecutive days (click thumbnail to the left for a larger version). Even though rates would probably be considered “overbought” on the daily chart the news is going to be of some relief [...]
AUD to GBP Exchange Rates
July 25, 2012 by Leave a Comment
The Australian Dollar is gaining support from international investors, running from the fear of further European turmoil and seeking the safety of the Australian economy. This is having an inpact on the AUD to GBP Exchange Rates. Now that the Reserve Bank of Australia has effectively removed any plans for further interest rate cuts, the [...]
Australian Dollar Exchange Rates – Time To Buy?
June 29, 2012 by Leave a Comment
The Australian Dollar to GB Pound exchange rates have seen some changes in the past few weeks. Once again the debate raged as to whether the Reserve Bank of Australia would cut interest rates by 0.25% or 0.5% at their 5th of June meeting, following May’s 50 basis point cut. They actually cut rates by [...]
GBP to Australian Dollar Exchange Rates
June 19, 2012 by Leave a Comment
The expectation of lower interest rates in Australia and the slowing of the Chinese economy are both weighing on the Australian Dollar but not enough to see it weaken against the Pound. Sterling is under pressure; you can see it in the correction from A$ 1.62 to A$ 1.54 in the last 3 weeks or [...]
UK Pound Starts To Strengthen Against The Australian Dollar
May 24, 2012 by Leave a Comment
The suggestion that the reserve Bank of Australia may make further interest rate cuts in the months ahead is weighing on the value of the Australian Dollar. So too is the slowdown in Chinese economic activity. Also influential is the change of heart amongst international investors who are less inclined to buy into the high [...]
Australian Dollar Vs UK Pound – Time To Buy?
April 30, 2012 by 1 Comment
Following this weeks’ weaker than expected consumer price inflation figure (up 1.6% from a year ago) for Australia’s first quarter, nearly every analyst is predicting an interest rate cut from the Reserve Bank of Australia (RBA) at their 1st of May meeting. The main debate seems to centre on whether the rate cut will 25 [...]
Australian Dollar – Is it time to buy and sell?
April 2, 2012 by Leave a Comment
Finally the Pound Australian Dollar (GBPAUD) exchange rate has rallied which, having been months now since I last wrote that, I am guessing is a welcome relief to witness the Aussie Dollar selling off for a change. The trigger has not been Europe but China which is Australia’s single biggest export market. Since the last [...]
Australian Dollar Has Never Been Stronger – Now What?
March 6, 2012 by Leave a Comment
The folks over at Halo Financial recently published a really useful technical analysis of the Australian Dollar and the approprateness of buying or selling Australian Dollars based on its current strength Key points taken from the document are as follows: The focus for the Australian Dollar was / is and no doubt will be: 1) [...]
High Interest Rates Keep Australian Dollar Strong
February 15, 2012 by Leave a Comment
The Australian Dollar has benefitted from very high interest rates compared with the rest of the advanced global economies for the quite some time now. Australian interest rates are currently at 4.25% making the carry trade attractive to investors who can only achieve interest rates of 0.5% in the UK, and even less in the [...]
Australian Dollar Currency Exchange – Hits 27 Year High
February 8, 2012 by Leave a Comment
I am sticking with very long term charts for the Sterling – Australian Dollar exchange rate because we are into uncharted territory on anything shorter term. As you can see from the chart (Click for larger version), not since 1985 has the Australian Dollar been so strong against the Pound. The reasons the Aussie Dollar [...]
Pound More Stable Against The Australian Dollar
January 16, 2012 by Leave a Comment
The Pound has remained relatively stable against the Australian Dollar for the past 6 months or so. There is very clear technical support at A$1.48 which came into play when the Pound fell below the previous support at A$1.49 a few days ago. As you can see, A$ 1.48 provided support through July and August [...]
GBP to Australian Dollar Exchange Rates – Pound Continues to Weaken
December 6, 2011 by Leave a Comment
Events outside Australia are having a far greater influence on the Aussie Dollar than anything from within. We had some poor housing and retail sales data from Australia earlier in the week but that was largely ignored as investors preferred to focus on the slightly improved tone from the Eurozone. That gave some cause for [...]
AUD to GBP exchange rates – Time to buy?
November 8, 2011 by Leave a Comment
We were all hoping to see the RBA cut interest rates before the end of 2011 and our patience was rewarded on Tuesday when they cut rates by 0.25% to 4.5%. Obviously the Aussie weakened as a result, and the market began speculating on whether there would be an additional 0.25% in the December meeting. [...]
Uncertainty Around The EURO Causing AUD Weakness
September 20, 2011 by Leave a Comment
The Aussie Dollar has been a roller coaster ride of late with events around the world dictating short term moves in the currency. It has been widely publicised that Australia is the only major economy to have avoided a recession during the current financial crisis and economic growth rebounded strongly in the second quarter of [...]
Quarterly Aussie and Kiwi dollar updates
May 30, 2011 by Leave a Comment
The Australian and New Zealand dollars have not exactly kept in step with each other in the last three months but the AUD/NZD exchange rate today is exactly where it was in late February and mid-April. Both currencies have appreciated against the pound by about 5.5% over the period. Sterling has fallen by a net [...]
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