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GBP/AUD Forecast: Pound to Australian Dollar Exchange Rate Under Pressure as RBA Maintains Course


March 2, 2021 - Written by Frank Davies
Pound (GBP) Exchange Rates Supported by Surprise UK Housing Price Index Uptick
A stronger-than-expected month for the Nationwide housing prices index was not enough to keep the Pound to Australian Dollar exchange rate from trending lower.
While prices defied forecasts of a fresh contraction to instead rebound 0.7% on the month this failed to offer the Pound any real boost against its rivals.
Although this stronger showing suggests that the UK housing market held up last month, potentially benefitting from a surge in activity ahead of the end of the stamp duty holiday, the mood towards the Pound remained muted. ....

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


January 12, 2021 - 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 months that the BoE could implement unconventional monetary policy as it seeks to support the UK’s economic recovery from the pandemic. With the UK going back into lockdown expectations for negative rates were back on the rise.
However, Bailey sought to pour cold water on such speculation this morning as he suggested there are ‘lots of issues’ with cutting interest rates below zero, comments which helped to bolster GBP exchange rates. ....

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