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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

     

    The GBP to AUD exchange rate has shown a recent trend of stability with the pound facing downward pressure due to dovish signals from the Bank of England. As mentioned in the recent forecasts and updates, the GBP struggled as the BoE hinted at a potential interest rate cut, leading to a decline against its counterparts. On the other hand, the Australian dollar remained rangebound on the back of a lack of significant data releases, with the RBA's stance on future rate hikes providing support to the AUD.

    Economists from HSBC and RBC have projected further weakening of the GBP against the USD in the second half of the year, foreseeing levels around $US1.20 and $US1.15 respectively. Meanwhile, Commonwealth Bank has highlighted the likelihood of the Australian dollar staying under pressure due to the delayed expectations of a US Federal Reserve rate cut. Despite the recent stability in the GBP to AUD exchange rate around 30-day lows near 1.9018, market analysts suggest monitoring factors such as US economic performance, central bank policies, and global commodity prices for potential shifts in the currency pair's value.

     
    @bestfxrates : GBP to AUD holds stable despite BoE's dovish outlook hinting at rate cuts, exerting downward pressure on the pound. AUD remains supported by steady RBA policy despite lacking data. Eyes on US economic cues & commodity prices for shifts. Analysts watch for key 1.9018 level. #CurrencyUpdate #ForexNews #GBPAUD

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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 =
    1.9038We compare provider deals to this wholesale mid-market rate. Read more
    AUD
    -0.2%
    1M
    GBP to AUD is at 30-day lows near 1.9018, just 0.8% below its 3-month average of 1.9177, having traded in a very stable 2.6% range from 1.8919 to 1.9412
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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
    06 Jun 2024
    1.9180
    0.9% 2 Week
    22 Mar 2024
    1.9339
    1.7% 3 Month
    21 Jun 2023
    1.8784
    1.2% 1 Year
    22 Jun 2019
    1.8382
    3.4% 5 Year
    23 Jun 2014
    1.8069
    5.2% 10 Year
    25 Jun 2004
    2.6071
    27.1% 20 Year
    GBP/AUD historic rates & change to 20-Jun-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.

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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