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AUD to GBP Forecast

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The success or failure of post Brexit negotations will dominate AUD/GBP trends and forecasts in 2020.

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AUDGBP exchange rate

Australian dollar to British pound sterling bank forecasts

With such obvious post-Brexit negotation related uncertainties in play, analysts are reluctant to offer many GBP forecasts.

However, with the Bank of England (BoE) holding interest rates steady amid signs of a recovery in the health of the UK economy following the general election, the pound is showing strength against most currencies early in 2020.

The AUD to GBP exchange rate dropped below 0.51 in early February when Mark Carney – in his final press conference as Governor of the BoE – stated: “The UK economic performance has not been so far so good, but so far good enough. Although the global economy looks to be recovering, caution is warranted” and “Evidence of a pick-up in growth is not yet widespread.”

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

ALERTS:7-DAY3.9% 🔔| 14-DAY HIGHS 🔔 |
AUD/GBP at 0.509 was trading 0.8% below AVG:0.5133 with LO:0.4886 and HI:0.5344 (90 days). ALERTS: AUD/GBP was UP 3.9% this 7-DAY period and also rose to 14-DAY HIGHS.
10-APR 1AM-NY 6AM-LON 1PM-HK 3PM-SYD
AUD/GBP – 90 day trend

Note that forecasts and predictions for the AUD/GBP exchange rate change all the time, affected by news events and relative sentiment towards the Australian and UK economies and this exchange rate is even more volatile than usual because of the uncertainties around Brexit.

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