Embarking on the GBP to AUD currency forecast, it’s evident that navigating this pair is a complex task filled with inherent volatility. Various sources offer insights, depicting fluctuations and subtle long-term trends in the currency market. The forecasts collectively suggest a journey of ups and downs for the GBP to AUD exchange rate, with periods of both appreciation and depreciation marked by the ever-present uncertainty of Forex trading.
The question, “Are GBP AUD prices expected to go up or down?” resonates throughout the analysis, reflecting a sentiment of cautious optimism mingled with the reality of market unpredictability. Whether you’re an investor, a trader, or intrigued by the forex market, the following article promises a comprehensive examination of the GBP to AUD currency journey, empowering you with knowledge and insights to make informed decisions in the vibrant world of Forex.
The article covers the following subjects:
Highlights and Key Points: GBP to AUD Forecast 2024-2030
-
The current GBPAUD rate as of 03.10.2024 is 1.91392 Australian dollars for one British pound.
-
The price will range from 1.940 to 1.966 AUD until the end of the year. Expect moderate volatility with a slight price increase.
-
In 2025, the pair will trade between 1.963 and 2.020 AUD, based on WalletInvestor’s forecast. In the second quarter, GBPAUD could peak at 2.016 (LongForecast).
-
In 2028, LongForecast expects gradual growth to 2.166 by June. WalletInvestor projects the pair to hit 2.157, moving in a stable upward range. This indicates the upside potential for GBP against AUD over the next decade.
GBP AUD Price Today Coming Days and Week
When forecasting the GBPAUD exchange rate in the near term, focus on economic indicators from both the UK and Australia, such as GDP growth, inflation, and employment rates. Central bank policies, including interest rate decisions by the Bank of England and the Reserve Bank of Australia, are also pivotal. Additionally, geopolitical events and global market volatility can impact investor confidence and affect currency strength. Use technical analysis, observing trends and volume, to predict potential movements. Monitoring these elements will provide a comprehensive view of possible shifts in the GBPAUD rate in the coming days and weeks.
Analysts’ GBP AUD Projections for 2024
Let’s take a look at GBPAUD’s expert forecasts for 2024. Analysts do not expect any sharp moves.
LongForecast
Price range for 2024: 1.882 – 2.028 AUD (estimated as of 27.09.2024).
Analysts at LongForecast predict an upward trajectory for the GBPAUD rate. The pound sterling is projected to recover a small part of its recent losses by the end of the year, though minor price fluctuations are expected, and grow to 1.966 by year-end.
|
Month |
Opening, AU$ |
Min.– Max.,AU$ |
Closing,AU$ |
Tod/End |
|
September |
1.940 |
1.882-2.028 |
1.939 |
-0.1% |
|
October |
1.939 |
1.895-1.985 |
1.933 |
-0.4% |
|
November |
1.933 |
1.880-1.938 |
1.909 |
-1.6% |
|
December |
1.909 |
1.909-1.995 |
1.966 |
1.3% |
WalletInvestor
Price range for 2024: 1.962 – 1.980 AUD (estimated as of 27.09.2024).
Experts at WalletInvestor predict that the GBPAUD pair will continue to grow steadily with slight fluctuations.
|
Month |
Opening,AU$ |
Closing,AU$ |
Minimum,AU$ |
Maximum,AU$ |
Change, % |
|
November |
1.963 |
1.977 |
1.962 |
1.977 |
0.74% |
|
December |
1.978 |
1.962 |
1.962 |
1.980 |
-0.78% |
GBPAUD Technical Analysis
GBPAUD is a popular currency pair and is considered one of the majors, as it includes two of the most traded currencies. With a strong historical foundation, it can be effectively analyzed using patterns.
While fundamental analysis is currently challenging due to geopolitical tensions, technical analysis of the GBPAUD pair remains reliable. We will use classical indicators, such as SMA, RSI, Ichimoku, and Bollinger Bands, to estimate the pair’s dynamics more accurately.
Get access to a demo account on an easy-to-use Forex platform without registration
GBPAUD Forecast For Next Three Months
To forecast the GBPAUD rate for the next three months, we will use the D1 time frame. First, let’s look at the SMA and RSI indicators. The picture below shows that the chart is below the moving average, and the RSI level is 45.47. The instrument trades in a channel and will probably continue to head for its lower border at 1.9335.
For more information, let’s look at the Ichimoku indicator.
The Tenkan-sen line is below the Kijun-sen. The Tenkan-sen is directed down, and the Kijun-sen is horizontal. The Cloud has recently reversed down, and the pair is trading below it. The Chikou-span line crosses the price chart from above to below. Thus, the indicator gives a downward signal, and the price can be expected to fall to the channel’s lower boundary in the short term.
Long-Term GBPAUD Analysis for 2024- 2025
To outline a forecast for the next 12 months, we will also analyze the D1 time frame. Let’s keep in mind the three-month forecast above and use the pivot points and Bollinger bands.
As trading normally becomes less active by the New Year, major shocks will unlikely occur in the next 3-4 months. As noted earlier, the chart trades below the moving average, indicating a downward direction. However, the root-mean-square values converge, which may point to low volatility and a fading trend. The movement itself began from the upper boundary of the channel. With some confidence, we can say that a rebound will occur once the price reaches the channel’s lower boundary.
Technical analysis tools confirm the conclusions made earlier. The most likely scenario is shown in the chart above. There are no current foundations for the pair to avoid falling and testing the channel’s lower boundary.
The scenario after December 31, 2024 depends entirely on whether the instrument manages to break through the 2.003 level and consolidate above. If GBPAUD fails to consolidate, it will likely retreat and head for the lower boundary, continuing to move within the established channel until fundamental factors come into play.
The table below shows the expected price levels until the end of 2024.
|
Month |
GBPAUD projected values |
|
|
Minimum |
Maximum |
|
|
October 2024 |
1.892 |
1.975 |
|
November 2024 |
1.872 |
1.941 |
|
December 2024 |
1.903 |
1.998 |
|
January 2025 |
1.905 |
1.987 |
|
February 2025 |
1.918 |
2.012 |
|
March 2025 |
1.924 |
2.009 |
|
April 2025 |
1.920 |
2.001 |
|
May 2025 |
1.933 |
2.014 |
|
June 2025 |
1.941 |
2.019 |
|
July 2025 |
1.938 |
2.013 |
|
August 2025 |
1.945 |
2.021 |
|
September 2025 |
1.952 |
2.025 |
GBPAUD Long-Term Trading Plan
GBPAUD currently presents an attractive opportunity for short-term sell positions.
The market situation suggests a potential price drop to the channel’s lower boundary, with a possible test of this level. Chart patterns further confirm that a rebound is likely in December 2024.
However, fundamental factors could trigger a trend reversal. At the moment, the trading plan can be formulated as follows:
-
consider selling the pair in the near future. A test of the lower boundary of the channel is very likely, so we can set it as the sell target;
-
if the price manages to break through the channel’s lower boundary and continue to fall, do not expect a reversal in the near future. It is necessary to evaluate the instrument’s positions in December;
-
if the price grows, consider setting a buy target at 2.016 by the end of the year;
-
it is also worth paying attention to the instrument’s behavior after a rebound from the lower boundary. If the price tries to break through the channel’s upper boundary again and manages to consolidate, it may grow further to 2.016. If not, the price will continue to trade in the channel.
-
When considering long-term prospects in the first quarter of 2025, consider fundamental factors that can limit the GBPAUD’s pair growth.
As long-term forecasts can be challenging, especially in current market conditions, it is essential to conduct independent market analysis before making any trading decisions.
Analysts’ GBP AUD Projections for 2025
Let’s take a look at GBPAUD’s expert forecasts for 2025. The price is projected to be slightly volatile.
LongForecast
Price range for 2025: 1.872 – 2.016 AUD (estimated as of 27.09.2024).
Analysts at LongForecast have drastically revised their forecasts for the GBPAUD pair, and they are currently expecting slight growth. The pair is projected to open the year at 1.966, peak at 2.016 in June, and close at 1.978.
|
Month |
Opening,AU$ |
Min.– Max.,AU$ |
Closing,AU$ |
Change, % |
|
January |
1.966 |
1.915-1.973 |
1.944 |
0.2% |
|
February |
1.944 |
1.901-1.959 |
1.930 |
-0.5% |
|
March |
1.930 |
1.895-1.953 |
1.924 |
-0.8% |
|
April |
1.924 |
1.888-1.946 |
1.917 |
-1.2% |
|
May |
1.917 |
1.899-1.957 |
1.928 |
-0.6% |
|
June |
1.928 |
1.928-2.016 |
1.986 |
2.4% |
|
July |
1.986 |
1.913-1.986 |
1.942 |
0.1% |
|
August |
1.942 |
1.907-1.965 |
1.936 |
-0.2% |
|
September |
1.936 |
1.929-1.987 |
1.958 |
0.9% |
|
October |
1.958 |
1.872-1.958 |
1.900 |
-2.1% |
|
November |
1.900 |
1.900-1.973 |
1.944 |
0.2% |
|
December |
1.944 |
1.920-1.978 |
1.949 |
0.5% |
WalletInvestor
Price range for 2025: 1.960 – 2.020 AUD (estimated as of 27.09.2024).
WalletInvestor‘s analysis suggests a year of modest fluctuations for the pair in 2025. The GBPAUD is predicted to start the year at 1.962 and end at around 2.003. The highest closing value —2.017—will likely be set in November.
|
Month |
Opening,AU$ |
Closing, AU$ |
Minimum,AU$ |
Maximum,AU$ |
Change, % |
|
January |
1.962 |
1.982 |
1.960 |
1.982 |
1% |
|
February |
1.982 |
1.971 |
1.971 |
1.984 |
-0.57% |
|
March |
1.970 |
1.965 |
1.965 |
1.970 |
-0.25% |
|
April |
1.965 |
1.970 |
1.963 |
1.970 |
0.29% |
|
May |
1.971 |
1.984 |
1.971 |
1.986 |
0.67% |
|
June |
1.984 |
1.981 |
1.981 |
1.984 |
-0.18% |
|
July |
1.980 |
1.984 |
1.975 |
1.984 |
0.2% |
|
August |
1.984 |
1.991 |
1.984 |
1.991 |
0.33% |
|
September |
1.992 |
2.001 |
1.991 |
2.001 |
0.45% |
|
October |
2.002 |
2.003 |
2.002 |
2.008 |
0.06% |
|
November |
2.002 |
2.017 |
2.002 |
2.017 |
0.75% |
|
December |
2.018 |
2.003 |
2.003 |
2.020 |
-0.74% |
Analysts’ GBP AUD Projections for 2026
Let’s take a look at expert forecasts for GBPAUD in 2026. Most analysts expect gradual growth.
LongForecast
Price range for 2026: 1.913 – 2.216 AUD (estimated as of 27.09.2024).
LongForecast anticipates relatively stable growth for GBPAUD in 2026. At the beginning of the year, the pair is expected to reach 1.949. It will peak at 2.216 by October before slightly receding to close at 2.101 in December.
|
Month |
Opening, AU$ |
Min.– Max., AU$ |
Closing, AU$ |
Change, % |
|
January |
1.949 |
1.913-1.971 |
1.942 |
0.1% |
|
February |
1.942 |
1.925-1.983 |
1.954 |
0.7% |
|
March |
1.954 |
1.954-2.043 |
2.013 |
3.8% |
|
April |
2.013 |
2.013-2.104 |
2.073 |
6.9% |
|
May |
2.073 |
2.073-2.153 |
2.121 |
9.3% |
|
June |
2.121 |
2.056-2.121 |
2.087 |
7.6% |
|
July |
2.087 |
2.055-2.117 |
2.086 |
7.5% |
|
August |
2.086 |
2.036-2.098 |
2.067 |
6.5% |
|
September |
2.067 |
2.067-2.157 |
2.125 |
9.5% |
|
October |
2.125 |
2.125-2.216 |
2.183 |
12.5% |
|
November |
2.183 |
2.094-2.183 |
2.126 |
9.6% |
|
December |
2.126 |
2.069-2.133 |
2.101 |
8.3% |
WalletInvestor
Price range for 2026: 2.000 – 2.060 AUD (estimated as of 27.09.2024).
Analysts at WalletInvestor.com project the GBPAUD pair to grow steadily with small fluctuations at the beginning of the year. Upon reaching 2.005 in March, the pair will rise stably until November before slightly declining in December.
|
Month |
Opening, AU$ |
Closing, AU$ |
Minimum, AU$ |
Maximum, AU$ |
Change, % |
|
January |
2.003 |
2.021 |
2.000 |
2.021 |
0.92% |
|
February |
2.022 |
2.010 |
2.010 |
2.024 |
-0.58% |
|
March |
2.010 |
2.005 |
2.005 |
2.010 |
-0.26% |
|
April |
2.005 |
2.010 |
2.003 |
2.010 |
0.24% |
|
May |
2.011 |
2.025 |
2.011 |
2.026 |
0.68% |
|
June |
2.025 |
2.021 |
2.021 |
2.025 |
-0.2% |
|
July |
2.021 |
2.024 |
2.015 |
2.024 |
0.14% |
|
August |
2.024 |
2.031 |
2.024 |
2.031 |
0.38% |
|
September |
2.031 |
2.041 |
2.031 |
2.041 |
0.48% |
|
October |
2.042 |
2.043 |
2.042 |
2.048 |
0.04% |
|
November |
2.042 |
2.057 |
2.042 |
2.057 |
0.74% |
|
December |
2.058 |
2.044 |
2.044 |
2.060 |
-0.69% |
Recent Price History of the GBP AUD Pair
The GBP to AUD exchange rate has fluctuated significantly from 2010 to 2023, reflecting economic shifts and market sentiments. In January 2010, the rate saw lows of 1.7314 and highs of 1.8095, signifying a volatile start to the decade. The trend continued with a notable dip in December 2010, reaching a low of 1.5199. By 2015, the rate surged, peaking at 2.2047 in August, indicating a strong GBP against the AUD.
However, the trend reversed by 2020, with January witnessing a best rate of 1.9726, followed by a steady decline over the year. The exchange rates continued to oscillate, with 2022 reflecting a downward trend, bottoming in August at 1.6971. As we approached 2023, December 2022 rates slightly recovered, suggesting a cautious market outlook. These fluctuations underscore the dynamic nature of the GBP-to-AUD forecast, which is vital for stakeholders monitoring the pound-to-Australian dollar exchange.
Long-Term GBP to AUD Forecast for 2027-2030
Forecasts for the GBP to AUD exchange rate in the coming years vary based on the analytical source. GovCapital predicts a moderate increase to 2.47 by mid-2025, indicating a bullish market trend. Conversely, analysts at LongForecast predict a more stable trajectory, with the GBP to AUD rate reaching around 2.166 by June 2028, suggesting a gradual increase with some volatility. According to LongForecast, the rate is expected to stabilize at around 2.109 by 2028, while Walletinvestor.com projects a steady climb to 2.123 by 2028.
Most forecasts indicate an overall optimistic trend for GBP to AUD, with GovCapital anticipating the most aggressive growth. Also, market volatility is expected, as highlighted by the varying monthly predictions from LongForecast.
Which Factors Impact GBP AUD Price?
-
Commodity Prices: The AUD is influenced by Australia’s exports of resources like coal and iron ore. Changes in global commodity prices can significantly impact its value.
-
Chinese Economic Health: As Australia’s largest trading partner, economic shifts in China directly affect the demand for Australian exports and, consequently, the AUD value.
-
Global Economic Sentiments: Australia’s currency is sensitive to international economic trends, and fears of a global recession negatively influence the AUD.
-
Diplomatic Relations: Developments in diplomatic relations, particularly with key partners like China, Japan, or the US, can affect trade conditions and the AUD’s strength.
-
Interest Rate Differentials: The comparative interest rates of the Reserve Bank of Australia and the Bank of England can drive the GBP to AUD exchange rate.
-
GBP Strength Factors: Economic performance, political stability, and monetary policy in the UK affect the GBP and, by extension, the GBP to AUD rate.
-
Forecast and Speculation: Analysts’ predictions based on economic data influence trading behaviors and can sway the exchange rate.
Conclusion: Is GBP/AUD Still a Good Investment?
Based on the analysis and forecasts presented, the GBP/AUD currency pair remains a profitable long-term investment opportunity despite inherent volatility. The overall bullish projections for 2024-2030 suggest the pound may strengthen against the Australian Dollar, making the GBP/AUD a worthwhile portfolio diversification.
However, traders should account for fluctuating exchange rates and potential periods of decline. With prudent risk management, the GBP/AUD offers an upside potential investors can capitalize on. Continued monitoring of economic developments and technical signals is advised to time entries and exits advantageously.
GBP AUD Forecast FAQ
The current price that the Australian dollar is trading at is around AU$ 1.91392 per British pound as of today 03.10.2024.
The outlook for the GBPAUD currency pair looks promising: the price is expected to continue growing, and profits are forecasted to increase. However, possible risks, such as sudden changes in market conditions or geopolitical developments, must be considered.
The AUD/GBP rate is forecast to drop from 1.9412 in September to 1.938 in November 2024. However, various sources suggest a recovery to the optimal level of 1.995-2.005 already in December and further relatively stable growth. Potential risks such as market volatility and changes in economic conditions must also be considered.
Most analysts agree that the GBP will rise against the AUD in the coming years. There may be temporary declines in the rate, but they are not expected to impact the overall trend.
Predicting the AUD’s trends can be challenging due to various factors, including economic data, global trends, and geopolitical tensions. As Australia’s main trading partners are China, Japan, and the US, whose economies are struggling, the outlook is rather negative. A possible decline in demand for Australian goods and services could put pressure on the Australian dollar exchange rate in the long term.
Most forecasts predict the GBP will strengthen against the AUD in the long run. However, there is always a risk of unexpected ups and downs that traders should consider.
The GBPAUD pair offers attractive trading opportunities with moderate volatility and exposure to diverse market conditions. However, this pair requires caution due to high-risk levels.
Historical data shows the optimum GBP to AUD rate at 2.0. However, the pair’s prospects suggest the optimum value is 2.2 or slightly higher.
Factors like commodity prices, the Chinese economy, global growth, interest rates, and UK/Australian fiscal policies impact the GBP/AUD rate.
The best time to trade the GBP/AUD depends on your strategy and preferences. Since the UK and Australia are in different time zones, the biggest market activity for this pair is seen when the Asian and European and American and European trading sessions overlap — usually during the morning or evening GMT hours. However, it is important to analyze the market before trading and choose the time that best suits your strategy and trading style.
Price chart of GBPAUD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
{{value}} ( {{count}} {{title}} )
This post is originally published on LITEFINANCE.
