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    GBP to AUD Forecasts

    Analysis of recent pound to Aussie dollar forecasts. We collate forecasts from respected FX analysts together with the latest GBP to AUD performance and trends.


    What are GBP to AUD forecasts?

    The GBP/AUD exchange rate has seen an upward trend lately, with the pound reaching an 11-month high against the Australian dollar. This can be attributed to various factors, including double-digit inflation figures in the UK at 10.1% and the pound's increased volatility due to Brexit-related uncertainties. GBP/USD has been trading between a range of US$1.2350 to US$1.2530, managing to reach 11-month highs above US$1.2560. Market expectations for the Bank of England (BoE) to continue its contractionary monetary policy stance and the UK's labour shortage have also contributed to the pound's strength.

    The Australian Dollar (AUD), on the other hand, faced challenges at the start of the week but managed to rebound later on without a clear catalyst. The AUD is a risk-sensitive currency and changes in commodity prices, trade policies, and political developments can significantly impact its value. Economists participating in the Australian Financial Review’s survey predict that the AUD will likely be at 0.71 USD by the end of 2023. Over the last three months, the GBP to AUD exchange rate has remained 2.6% above its average at 1.8951 and traded in a stable range of 1.7749 to 1.9006. The ongoing contraction in manufacturing activity could hurt the AUD, while a strong services sector may limit losses. The market view indicates that the GBP/AUD exchange rate will continue to fluctuate, influenced by economic data releases, political events and central bank policies.

    Rate Calculator - 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.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on pound to Aussie dollar currency rates and the possible savings of using various providers.


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    GBP to AUD Market Data

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

    1 GBP =
    1.8940We compare provider deals to this wholesale mid-market rate. Read more
    GBP to AUD is at 14-day highs near 1.8941, 2.5% above its 3-month average of 1.8483, having traded in a relatively stable 7.1% range from 1.7749 to 1.9006
    Sell GBP   →   Buy AUD
    Track Rate

    12 May 2023
    1% 2 Week
    25 Feb 2023
    6.6% 3 Month
    26 May 2022
    6.6% 1 Year
    27 May 2018
    7.6% 5 Year
    28 May 2013
    21.1% 10 Year
    31 May 2003
    24.7% 20 Year
    GBP/AUD historic rates & change to 26-May-2023

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

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


    Related exchange rate forecasts


    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