Overnight, RBA governor Philip Lowe will be addressing the markets and this is likely to cause some movement for GBP/AUD exchange rates. The RBA cut rates recently so any suggestions that further cuts may be coming could have an influence on the value of the Australian dollar.

In the meantime the US-China Trade War continues to rumble on.  US Treasury Secretary Steven Mnuchin suggested recently that a deal was close. However, Trump has claimed that a deal was a ‘long way off.’

The jobs market in Australia has come out lower than expected recently and further evidence of this could put pressure on the RBA to consider cutting interest rates once again in the near future.

Yesterday we finally had the long-awaited announcement that Boris Johnson is now the Prime Minister. This gave the pound a short-term boost on the interbank exchange as it confirms what many were already thinking. However, as Boris has still yet to rule out a no deal Brexit the pound is likely to remain under a lot of pressure vs the Australian dollar.

Therefore, make sure you may wish to in close contact with your account manager who will keep you updated with market movements.

Exchange rates on this page are interbank rates and indicate where the market is trading to show the performance of a currency pair. They are not indicative of the rates which we offer. The information on this web site is provided free of charge for information purposes only. It does not constitute advice to any person on any matter. Foreign Currency Direct plc. ("FCD") makes every reasonable effort to ensure that this information is accurate and complete but assumes no responsibility for and gives no warranty with regard to the same.