GBP to AUD Forecasts

British Pound Sterling to Australian dollar bank forecasts

Forecasts and predictions for the GBP/AUD exchange rate change all the time, affected by news events and relative sentiment towards the Australian and UK economies and interest rates.

NAB have revised upwards their pound sterling forecasts now expecting the GBP/USD rate to be at US$1.47 by June 2022, up from their previous forecast of US$1.39. For 2020, it sees GBP at US$1.36 by year-end, up from a predicted US$1.30.

The pound continues to show resilience despite challenging economic conditions, with direction being driven by Brexit and COVID-19 headlines. In early December, the news that the UK will be the first western country to approve a COVID-19 vaccine and optimism around the Brexit trade deal, saw GBP benefit.

However the strong Aussie dollar has lowered GBPAUD from its October 22 high of 1.84 to 1.77-78.

Australia and the United Kingdom signed a free trade agreement in June 2020, which will make whisky and wine cheaper in both countries and reduce tariffs on speciality foods, also easing travel and work restrictions.

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

GBP to AUD Exchange Rates – Compare and Save

What is a good GBP to AUD exchange rate?

Whether the pound will rise or drop in the future against the Aussie dollar is a difficult and the answer really depends on many factors. The best way to consider the current GBP-AUD relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.