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AUD to GBP Forecast

The success or failure of post Brexit negotations will dominate AUD/GBP trends and forecasts in 2020.

Australian dollar to British pound sterling forecasts

With such obvious post-Brexit negotation related uncertainties in play, analysts are reluctant to offer many GBP forecasts.

However, with the Bank of England (BoE) holding interest rates steady amid signs of a recovery in the health of the UK economy following the general election, the pound is showing strength against most currencies early in 2020.

The AUD to GBP exchange rate dropped below 0.51 in early February when Mark Carney – in his final press conference as Governor of the BoE – stated: “The UK economic performance has not been so far so good, but so far good enough. Although the global economy looks to be recovering, caution is warranted” and “Evidence of a pick-up in growth is not yet widespread.”

You can read more about AUD cross-rate forecasts here AUD Trends and Forecasts for 2020.

AUD/GBP - 90 day trend
ALERT:90-DAY HIGHS |
AUD/GBP at 0.54 was trading 5.2% above AVG:0.5135 with LO:0.4886 and HI:0.5402 (90 days). ALERT: AUD/GBP rose to 90-DAY HIGHS.

Note that forecasts and predictions for the AUD/GBP exchange rate change all the time, affected by news events and relative sentiment towards the Australian and UK economies and this exchange rate is even more volatile than usual because of the uncertainties around Brexit.

What is a good AUD to GBP exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the AUD to GBP exchange rate to the present day for periods going back upto 10 years:

 
AUD/GBPPeriod to 29-MayDateRate
0.5% ▲1 Week22 May 20200.5372
2.7% ▲30 Days29 Apr 20200.5256
6.4% ▲90 Days29 Feb 20200.5076
1.4% ▼1 Year30 May 20190.5478
8% ▲5 Years31 May 20150.4999
5.5% ▼10 Years01 Jun 20100.5712
AUD/GBP 10 year rates & changes to 29-May-2020 (0.5399)
 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.
 
 

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