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GBP to AUD 2024 Forecasts

Analysis of recent Sterling → Aussie forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Pound Sterling to Australian dollar performance and trends.

 

Forecasts for GBP to AUD

 

Based on recent exchange rate analyst forecasts and currency market updates, it seems that the GBP to AUD exchange rate is facing differing factors influencing each currency. For the Pound (GBP), the outlook seems bearish as the Bank of England (BoE) is potentially signaling future interest rate cuts, which has led to a sell-off in the currency. Analysts from HSBC and RBC are predicting further declines for the GBP against the USD in the second half of the year, with concerns around political uncertainty in the UK and a possible stagflationary environment adding to the negative sentiment.

On the other hand, the Australian Dollar (AUD) has faced pressure amid changing global rate expectations and lower commodity prices. The Reserve Bank of Australia (RBA) has refrained from raising rates further in the face of a soft economic outlook, potentially paving the way for rate cuts in the future. The AUD is expected to remain range-bound and may struggle to extend gains, especially with key data sets indicating inflation falling faster than expected, alleviating pressure on the RBA.

Given the recent price data showing that GBP to AUD is currently at 7-day highs near 1.9374, just above its 3-month average, it will be crucial to monitor how these divergent factors continue to play out and impact the exchange rate. FX analysts anticipate continued volatility in the GBP to AUD pair, influenced by ongoing developments in central bank policies, economic data releases, as well as global market sentiment regarding growth prospects and geopolitical events.

 
@bestfxrates : 📉 GBP to AUD faces divergent pressures: BoE potential rate cuts weigh on GBP, while AUD is challenged by soft economic outlook & commodity prices. Despite near 7-day highs, "market view" suggests volatility ahead amidst central bank moves & economic data. Watch as events unfold. #ForexUpdate

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GBP to AUD Market Data

Pound Sterling (GBP) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 GBP =
1.9375We compare provider deals to this wholesale mid-market rate. Read more
AUD
+0.1%
📈1W
GBP to AUD is at 7-day highs near 1.9374, just 0.6% above its 3-month average of 1.9258, having traded in a quite stable 4.8% range from 1.8639 to 1.9530
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Compare & Save - Pound Sterling to Australian dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Australian dollar (AUD) rates from different sources before making a conversion.

Use our GBP to AUD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Aussie currency rates and the possible savings of using various providers.

 
DateGBP/AUDChangePeriod
14 Mar 2024
1.9374
no change2 Week
29 Dec 2023
1.8693
3.6% 3 Month
29 Mar 2023
1.8425
5.2% 1 Year
30 Mar 2019
1.8377
5.4% 5 Year
31 Mar 2014
1.7977
7.8% 10 Year
02 Apr 2004
2.4142
19.7% 20 Year
GBP/AUD historic rates & change to 28-Mar-2024
 

Will the Pound Sterling rise against the Australian dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/AUD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.

 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more