Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Pound Sterling Forecast (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Pound to Australian Dollar forecast: The impact of the Brexit vote next week

% of readers think this story is Fact. Add your two cents.


The Pound has just started to drop against the Australian Dollar after hitting 1.80 recently which has provided some excellent opportunities to buy Australian Dollars with Sterling. As the Australian Dollar is seen as a commodity based currency the Australian Dollar will often be affected by what is happening in China.

China is Australia’s leading trading partner and as it has shown signs of a slowdown with manufacturing data, this has caused the AUD to weaken against the Pound. However, following positive US unemployment figures at the end of last week the Australian Dollar has started to fightback against the Pound.

As the US is the world’s leading economy the positive economic data has helped the AUD to strengthen as the currency will be affected by global appetite for risk and as the AUD is affected by commodity prices this is part of the reason for the fightback.

The Trade Wars between the US and China are likely to be one of the dominating factors over the next few weeks for the value of the Australian Dollar and although we are in a period of what appears to be a stalemate between the two nations, if the US insists on further tariffs in the near future this could also negatively affect the Australian Dollar.

Pound to Australian Dollar forecast: Brexit still main GBP/AUD driver

The main factor that is likely to determine what will happen to the Pound to Australian Dollar exchange rates is the Brexit talks, which are on going, with a potential vote due to take place next week.

The potential for negative movement for the Pound is rather high and as we saw in early December when the previous vote was cancelled the Pound has struggled when uncertainty increases.

If the vote gets postponed or if the Brexit deal on offer is voted against, which I think is likely, then I think we could see the Pound fall against the Australian Dollar. If you’re thinking about making a transfer to Australia then it may be worth getting things organised in the near future.

However, with so much uncertainty this is likely to cause a lot of volatility so make sure you’re well prepared for any eventuality.

If you would like to discuss Pound to Australian Dollar exchange rates or an upcoming currency transfer then please use the form below to contact me directly. I look forward to hearing from you.

The post Pound to Australian Dollar forecast: The impact of the Brexit vote next week appeared first on Pound Sterling Forecast.



Source: https://www.poundsterlingforecast.com/2019/01/pound-to-australian-dollar-forecast-the-impact-of-the-brexit-vote-next-week/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...
    Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.