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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

 

FX analysts have differing views on the future movement of the GBP to AUD exchange rate based on recent market updates and forecasts. The Pound (GBP) has been facing challenges due to disappointing UK wage data and softening economic indicators, which could prompt the Bank of England (BoE) to consider interest rate cuts. On the other hand, the expectation of a delay in UK rate cuts compared to other central banks might provide some support for the GBP in the short term, especially if economic data such as GDP growth surprises positively. Political uncertainty related to the upcoming UK general election in 2024 is also expected to impact GBP volatility.

Regarding the Australian Dollar (AUD), mixed business confidence data and concerns over inflation have been weighing on the currency. Despite initial strength at the end of 2023, the AUD has faced challenges in early 2024 due to global rate expectations and lower commodity prices. The Reserve Bank of Australia (RBA) leaving rates on hold has also added pressure on the AUD, with expectations of possible rate cuts in the future. The AUD's value is closely tied to global growth prospects, commodity prices, and US economic data, which are all factors that will influence its performance against the GBP.

Given the current GBP to AUD exchange rate trading above its 3-month average and within a stable range, FX analysts are closely monitoring central bank policies, economic data releases, and geopolitical developments to assess the future direction of the currency pair. The potential for UK interest rate cuts and political uncertainties, along with global rate expectations and commodity prices, will likely drive volatility in the GBP to AUD exchange rate. Traders and businesses with exposure to GBP to AUD transactions should stay informed about key market drivers to make informed decisions and manage currency risk effectively.

 
@bestfxrates : 📉 GBP faces headwinds from poor UK wage data and political uncertainty, potentially leading to BoE rate cuts. AUD struggles with weak biz confidence and inflation worries. Despite this, GBP/AUD trades stably above 3-mo avg. Watch for central bank moves & commodity prices for future volatility. #ForexUpdate #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 =
1.9496We compare provider deals to this wholesale mid-market rate. Read more
AUD
-0.0%
📈1W
GBP to AUD is at 7-day highs near 1.9412, 1.1% above its 3-month average of 1.919, having traded in a quite stable 4.8% range from 1.8638 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
04 Mar 2024
1.9501
0.5% 2 Week
19 Dec 2023
1.8836
3% 3 Month
19 Mar 2023
1.8155
6.9% 1 Year
20 Mar 2019
1.8511
4.8% 5 Year
21 Mar 2014
1.8151
6.9% 10 Year
23 Mar 2004
2.4559
21% 20 Year
GBP/AUD historic rates & change to 18-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