Pound to Australian Dollar Forecast: 2.0828 in Three Months

It's time for the Pound to break into the air above 2.08.

The Australian Dollar is an obvious winner from the U.S.-China trade war détente.

The Pound is at risk of entering a short-term downtrend against the Australian Dollar.

The Pound to Australian Dollar exchange rate has receded from post-referendum highs in recent trade and could be set to consolidate within a rough 2.0724 to 2.0994 range through the days ahead as markets process a cacophonic array of policy-related statements coming from the White House and its spokespeople.

Pound Sterling fell against the Australian and New Zealand Dollars last week but further downside could be limited in the days ahead, with support found around 2.0685 and 2.2131 in GBP/AUD and GBP/NZD, respectively, as economic headwinds loom large over the antipodean currencies.

The Australian Dollar slumps against the Pound at the head of a busy week.

GBP dips will continue being bought.

The Pound can fall against the Aussie Dollar in the short term.

GBP/AUD has broken into a new, higher range.

The Pound-to-Australian Dollar exchange rate (GBP/AUD) is ready to pull back and unwind from overbought conditions.

The British Pound retains a soft directional bias against the Australian Dollar, with 2025 being characterised by selloffs interspersed with tepid bouts of consolidation.

GBPAUD could tap 2.0 in the week ahead, but this will require a dovish Reserve Bank of Australia (RBA) decision and some above-consensus UK data.

The Australian Dollar could come under pressure against Pound Sterling in the coming week.

The Pound has fallen back from Monday's highs against the Australian Dollar, putting the short-term recovery impulse into question.

Neither the UK nor Australia are in Trump's firing line, but the 'tariff trade' augments GBP/AUD upside.

The Pound to Australian Dollar exchange rate (GBPAUD) is recovering after finding support at 1.96, as we predicted.

GBPAUD exchange rate has been under pressure this year, but the selloff is starting to look mature and we think Sterling can be better supported from here.

GBP/AUD exchange rate is in a pullback that needs room to extend.

The British Pound can ease back from recent highs against the Australian Dollar, although the bigger picture remains constructive.

There has been a definite pick- up in upside momentum in GBP/AUD of late. However, a pullback is likely during the next couple of days, with the focus turning to the RBA decision.