Jump to content

You're currently viewing the forum as a Guest
register-now-button_orig.png
and join in with discussions   
ask migration questions
message other members

..and much much more!

Recommended Posts

GBP/AUD UPDATE: The Pound to Australian Dollar exchange rate remained on the defensive on Tuesday afternoon, with the pairing trading at around AU$1.7867 in response to heightened political uncertainty in the UK.Markets are currently bracing for the unknown as MPs attempt to pass a bill compelling the government to seek an extension to Brexit, whilst Boris Johnson is preparing to call for a snap election if he is defeated. Helping the ‘Aussie’ to press its advantage was the Reserve Bank of Australia’s latest rate decision, where an upbeat economic outlook helped to boost AUD exchange rates.

The Australian Dollar’s period of weakness in August has not been enough to keep the British Pound to Australian Dollar (GBP/AUD) exchange rate climbing, and after markets opened today the pair tumbled once again. The Pound’s volatility is worsening on a mixture of UK economic fears and expectations for Brexit chaos, but the Australian Dollar has been unable to capitalise on Sterling weakness amid global trade fears and anticipation for upcoming Reserve Bank of Australia (RBA) news.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×