Global Reach Group have released their latest pack of key Pound Sterling forecasts covering the remainder of 2022 and the first three quarters of 2023.

The Pound to Australian Dollar rate has been highly volatile of late but there may now be a basis for thinking it's unlikely to fall any lower than 1.6327 from here and that its recovery from this week's all-time lows could potentially extend as far as, or perhaps even above 1.70 up ahead.

The Pound to Australian Dollar exchange rate remained close to four-year lows during the midweek session but may be at risk of heavy losses in the days ahead, which could potentially see Sterling falling to some of its weakest levels since the months after the 2016 Brexit referendum.

The Pound to Australian Dollar exchange rate reached new lows for the year and its softest level since October 2017 to open the new week but appeared to stabilise near an important level of technical support around 1.6874 on charts, suggesting a tentative bottom may be in for GBP/AUD.

The Pound to Australian Dollar exchange rate approached new five year lows this week but with a major level of technical support now nearby on the charts, any further losses may be limited to around the 1.6874 level in the days ahead.

The Australian Dollar is "catching its breath" before it pushes higher, according to a new analysis from Rabobank.

AUD will likely remain preferred to GBP for the foreseeable future, but a break below a key level looks unlikely says Westpac who reckon much of the UK's energy shock is 'in the price'.

AUD is set to remain favoured against GBP over coming days.

JP Morgan backs a rise in the Australian Dollar over coming months, saying the country's record breaking trade surpluses will provide a fundamental source of support.

AUD is underperforming its G10 peers at the start of the new week following the release of disappointing data from China, but it nevertheless looks well supported against the British Pound having broken out of a long-held range on Friday.

The Pound to Australian Dollar exchange rate opened the new week with losses that have pushed it back toward 2022 lows amid a tentative outperformance by the antipodean currency that could see GBP/AUD struggling to extend its Tuesday rebound once back near to the 1.75 level.

The Pound to Australian Dollar exchange rate has further reversed its July decline during the opening days of August but could struggle to advance much beyond the nearby 1.76 level in the absence of an additional boost from the Bank of England (BoE) this Thursday.

GBP/AUD recovering from bottom of range, reaffirming downside support levels

The Pound to Australian Dollar rate entered the new week near 2022 lows following a July long decline but could find a footing to trade within roughly a 1.7244 to 1.7498 range through the days ahead if a busy schedule of event risks pans out well for the the Aussie and Sterling.

The Pound to Australian Dollar exchange rate came under pressure early in the new week after a buoyant Sterling was unable to offset a rally by antipodean currencies like the Aussie, which has pushed GBP/AUD below 1.75 and left it at risk of sliding back toward 2022 lows in days ahead.

The Pound to Australian Dollar rate was wallowing near July lows ahead of the weekend after Australia’s jobs boom and Federal Reserve (Fed) pushback against market expectations for interest rates curtailed GBP/AUD’s earlier attempted rebound and left it at risk of further short-term setbacks.

The Pound to Australian Dollar exchange rate entered the new week on its front foot and may be at risk of climbing toward the 1.78 handle in the days ahead.

The Pound to Australian Dollar rate has been volatile but could now struggle to rise back above the very nearby 1.7662 level and may be most likely to ebb toward the round number of 1.75 if the U.S. Dollar retreats from Tuesday’s highs in the days ahead. 

GBP/AUD has appreciated 1.86% over the past month and could test 1.79 says CBA.

The Pound to Australian Dollar rate retreated from near three-month highs and was at risk of sliding back toward the 1.75 handle early in the new week as Sterling underperformed many other major currencies while the Aussie topped the board alongside the Canadian Dollar.