Best Ways to Transfer Money Internationally (Fully Explained)

Author, Mike Smith

We look at the latest trends in the GBP to AUD rate and the forecast for 2025.

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Is the Pound going to rise against the Australian Dollar?

The GBP to AUD exchange rate has enjoyed a strong run in 2024, although most of the time the rate has been choppy with the majority of gains coming in just three months – January, July and December.

Overall, trading momentum remains positive with the GBP to AUD rate sitting nearing 5-year highs.

The rise of the GBP/AUD rate in 2024 has caught many by surprise.

From a fundamental perspective, the Australian economy is growing faster than the UK and Australia is maintaining tighter monetary policy.

The Bank of England has begun cutting interest rates, whereas the Reserve Bank of Australia is still considering raising interest rates. Under those conditions we would expect a lower GBP/AUD rate.

However, currency markets aren’t always logical, particularly over the short-term.

GBP to AUD forecast for 2025 

We view the current GBP/AUD rate as overbought and higher than it should be given the fundamental outlook.

Our forecast is for a lower Pound to Australian Dollar rate with a June 2025 target of $1.90 and a December 2025 target of $1.82.

If you are looking for shorter-term analysis and predictions, its best to get in touch and we can discuss your plans and requirements.

As part of our service, we keep a close eye on rates, news and market developments.

We can even let you know when the GBP to AUD exchange rate moves in your favour!

Why not request a quote below?

What is a good GBP to AUD rate?

The GBP to AUD rate tells you how many Australian Dollars can be bought for 1 British Pound.

Buyers of Australian Dollars (AUD) want a high rate.

Buyers of British Pounds (GBP) want a low rate.

It’s worth getting some historical context to help understand whether the current GBP to AUD rate is good or bad.

Over the past 10 years, the average GBP/AUD exchange rate has been $1.75.

That can be used as an easy benchmark for today.

At present, the GBP/AUD rate is sitting well above its long-term average of $1.75, making it a good time to buy Australian Dollars.

In August 2023 and July 2024, the GBP/AUD rate almost hit the $2 level. That’s a rarity these days.

Since Brexit, the GBP/AUD rate has only got above the $2 mark for a brief period in March/April 2020. With the rate back near $2, it’s a good indication that the rate is currently strong.

It’s also worth looking at the high and low points to get a feel for where the current rate sits within its trading range.

Over the last decade, the GBP/AUD rate reached a high of $2.2037 on 7th September 2015 and a low of $1.4428 on 12th March 2013 (source: Bank of England).

At present, the current GBP/AUD rate is closer to the historical highs than the lows.

This is another indicator of the favourable GBP to AUD rate today.

If you’re looking to send money from the UK to Australia our guidance will show you how!

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GBP to AUD weekly forecasts (tips and tools)

Exchange rate forecasts depend on the window of time you are looking at.

For example, you can have positive short-term indicators alongside negative long-term indicators. The two can co-exist.

Forecasting always depends on your time frame.

Over shorter time frames – hours, days and weeks – there’s only a small number of things that can affect the GBP to AUD rate. It means you can narrow down your focus.

To keep track of upcoming news, take a look at the DailyFX economic calendar.

While there are plenty of other free economic calendars, I prefer this one because of its clear layout and that each piece of data is given a low, medium, or high level of importance.

I tend to disregard the low and medium-impact events and just concentrate on those with a high impact.

An economic calendar is not necessarily a great way of forecasting exchange rates, but it can be useful to help manage risk.

As currency brokers, we will look at the calendar and may hedge the risk before an important event.

If you are cautious by nature or cannot afford the GBP/AUD rate to move against you, it makes sense to convert your money ahead of a risk event.

Another popular way of looking at GBP/AUD trends and forecasts is to use technical analysis.

This involves using price patterns to identify trends and predict future exchange rate movements.

You can get a feel for recent price signals for the GBP to AUD exchange rate here.

Just select the timeframe you want (in orange), and it will give you a summary of whether it’s a Buy (GBP to rise) or a Sell (GBP to fall) using technical analysis.

I appreciate not everyone has the time or knowledge to analyse exchange rates.

You might find it easier to speak to someone that follows this day in, day out.

Ay Key Currency, part of our service is to help guide you on exchange rate trends and market opportunities.

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GBP to AUD forecast 12 months+ (some practical advice)

Longer periods call for a different approach to forecasting.

Short-term news becomes irrelevant. Bug themes have time to play out.

My view is that there are so many factors that could affect longer-term GBP/AUD rates that you are best to focus on historical reference points to guide your timing.

From a practical point of view, I would look at historical rates using a GBP/AUD chart – 1 year and 5 years will give you a good enough perspective.

Look to identify areas of support (troughs) and resistance (peaks), as well as the current underlying trend.

You may also find it useful to speak to a foreign exchange broker who is watching rates continuously throughout the day.

It’s something we offer are part of our money transfer service.

Need some guidance on exchange rates?

Getting a good or bad exchange rate can make a massive financial difference to you.

In the past 5 years alone, the GBP/AUD rate as high as $2.05 and as low as $1.59.

That’s over a 20% swing from high to low.

It can be one of the more volatile currency pairs.

Even daily fluctuations in the GBP to AUD rate can be big, so it’s worth keeping a close eye on things.

At Key Currency, we are different from other money transfer companies.

We are not some online app or platform that makes you do all the work yourself.

We will discuss and agree on the right time to exchange your money, by understanding your requirements and taking advantage of any favourable movements.

Even if you are not ready to exchange your money, we can monitor the GBP/AUD rate for you and keep you up-to-date on market movements.

We have a 5-star rating on Trustpilot, based on over 2,500 customer reviews.

What’s more, Key Currency is regulated by the FCA as an Authorised Payment Institution (No. 753989). All money transfers are conducted through safeguarded client accounts.

If you would like to find out more about our service or our find out our latest rates, get a free quote below.

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Author,  Andrew Gibson

We look at the Pound to Euro forecast for 2025 and the key factors driving GBP/EUR exchange rate predictions. 

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Is the Pound going to get stronger against the Euro?

The Pound has fallen modestly against the Euro in 2025 primarily because the Euro has benefited from having a so called safe-haven status.

Put simply, money has rotated from US Dollars into Euros as investors have concerns about US trade and foreign policy. This is strenghtening the Euro and therefore weakening the Pound to Euro rate.

At a fundamental level, the Pound is well placed relative to the Euro as the Bank of England is taking a more cautious approach on monetary policy compared to the European Central Bank, but at the moment macro events are overshadowing local economic news.

Here’s a quick summary of what’s been happening with the Pound to Euro exchange rate:

The Bank of England has been slower to cut interest rates than the European Central Bank due largely to the UK having a more robust economic outlook – this is positive for the Pound.

Bear in mind, when you cut interest rates it tends to weaken a currency as foreign investors move money to where they can get the highest return.

As a result of the differences in central bank policy, the Pound is fundamentally in a strong position relative to the Euro.

The UK economy looks to be in better shape than the European Union at the moment too.

But the Trump presidency has led to geopolitical and trade tariff turmoil, which has investors running scared. The result is a dumping of the mighty Dollar and an appreciation in alternatives such as Swiss Franc and Euros.

Pound to Euro forecast for 2025

The Pound to Euro rate has lost its upward momentum from 2024. Trading in 2025 has been largely range-bound with a recent negative bias. 

The economic outlook for the UK looks more favourable than Europe.

The UK government is running expansionary policies while core European countries like France and Germany are fighting stagnation.

Overall, there is scope for further gains in the GBP/EUR rate in 2025, especially given its underperformance in the first half of 2025.

We forecast the Pound to Euro rate to reach €1.20 by December 2025, but it will take a moderation in geopoliticial troubles for the Pound to reassert its fundamentals.  

The interest rate differential between the UK and EU should underpin forward rates when investors are less jittery about global events.

Of course, a lot can and will happen between now and the end of 2025.

Even on a daily and weekly basis, many news events impact the GBP/EUR exchange rate.

It’s why the Pound to Euro rate changes every 2-3 seconds.

Foreign exchange is a 24-hour market. News is always breaking somewhere in the world.

But don’t be overwhelmed by that.

When it comes to exchanging money, it’s more a case of monitoring the trend in exchange rates and taking your opportunities when the rate moves in your favour.

If you would like to discuss the pound-to-euro outlook, market trends or the latest rates, simply request a quote below.

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Is it a good time to buy Euros with Pounds?

A good way to view today’s Pound to Euro exchange rate is to compare it to past data. Sometimes you neend to stand back a little to gain perspective.

In 2025, the Pound to Euro rate is trading well above its 5-year average, making it a good time to buy euros. 

In the last 5 years:

• The Average for the Pound to Euro rate has been €1.1576. 
• The High for the Pound to Euro rate was €1.2106 (14 Apr 22).
• The Low for the Pound to Euro rate was €1.0681 (23 Mar 20).

Put simply, the average GBP/EUR rate is sitting above its €1.15 average in recent years.

You could consider any rate above the average as a good time to buy Euros with your Pounds. When you are a buyer of Euros, the higher the rate, the better.

Bear in mind, exchange rates move every few seconds. So picking a good time to buy will depend on how much time or patience you have.

A lot of our customers have several days or weeks in which they need to exchange their money (not years or decades!).

Whatever your timeframe, it’s always important to keep an eye on the rate and choose a favourable time to exchange your Pounds into Euros.

If you get in touch, we can help you with this.

Pound to Euro Forecast Analysis

All forecasts are someone’s opinion – their prediction of the future.

And there are plenty of opinions out there.

If you are looking for a snapshot of opinions over different time horizons, then you can see the latest EUR/GBP forecasts by analysts and banks collated by FX Street.

It lists the views of 8 different analysts and gives 1 week, 1 month and 1 quarter forecasts.

Annoyingly, it’s presented as Euro to GBP, not GBP to Euro.

So ‘bullish’ would mean good for the Euro, and ‘bearish’ would be good for the Pound.

If you want to flip the forecasts into a Pound to Euro rate, then just do a 1 ÷ forecast. So a 0.85 EUR/GBP forecast becomes 1.18 GBP/EUR.

In general, most analysts stay close to the current exchange rate over short time frames. It means most forecasts are simply extrapolations of the present rather than predictions.

It’s called ‘career risk’ if you dare to be different.

But it still gives you a guide for what the view is in the City across a large cross-section of analysts’ opinions and the overall bullish or bearish sentiment.

Longer-term forecasts of exchange rates are hard to come by.

That’s because exchange rates are affected by so many factors that they are almost impossible to forecast with any precision over longer time frames.

Pound to Euro Forecast Weekly – a common-sense approach

If you are looking for a Pound to Euro forecast over the next week, you can narrow your focus to just a few key things.

Over a short period, there will only be a small number of fundamental factors that will influence the Pound to Euro rate.

To get a quick snapshot of what’s happening over the next week, my advice would be to check out the DailyFX Economic Calendar.

It not only lists this week’s economic news, but it also gives you the market expectation and the relative importance of each number (low, medium, or high).

An economic calendar is a good way of knowing whether anything big or important is due out.

If nothing major is on the horizon, then you can focus on the current trend in the Pound to Euro rate.

Is the Pound in an upward or downward trend or trading in a clear range?

Over a daily or weekly basis, use trendlines as your guide and be ready to take advantage of any favourable moves.

Sometimes spikes and dips in the Pound to Euro rate are purely down to technical reasons – the collective action of traders buying and selling for speculative purposes.

Use near-term trading ranges or trendlines as your guide, and don’t be too greedy (we are all susceptible to that).

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Pound to Euro Forecast next 6 months – practical advice

When it comes to exchange rates, time brings more risks and more opportunities.

A 1% swing might be considered a big move in the Pound to Euro rate over a week. However over 6 months; it’s not unusual to see swings of 5% or more.

It’s simply because the longer the period, the greater the likelihood that something significant will happen.

But when should you convert your money if you have no specific time in mind?

There’s always a reason to defer.

We hear this all the time:

• The Pound is getting stronger; I’ll wait for it to go up some more.
• The Pound is getting weaker; I’ll wait for it to recover again.

You can see why there’s never a perfect time!

The hidden cost is that your money is sitting idle and not contributing to your life plans.

I’m not suggesting you just go ahead at any old time.

Timing matters.

My practical advice would be to use historical reference points as a guide to your decision.

Start by looking at a GBP/EUR chart using different timeframes.

• When did the rate last trade at current levels?
• How high or low is the rate compared to the last 5 years?
• How long has the current trend been running?

You don’t have to become a wizard of Wall Street; you just want to take advantage of favourable fluctuations.

It’s a case of trying to achieve the best rate possible and then moving on with your life.

You might find it useful to speak to a professional who is watching rates continuously throughout the day.

It’s something we offer as part of our money transfer service.

We work with all our clients to achieve a better rate and take advantage of favourable moves.

Need guidance on exchange rates?

These days most money transfer companies just give you access to a platform or app and leave you to do everything yourself.

The way we operate is fundamentally different.

We have found that many customers would rather speak to someone rather than use an app or online system to transfer their money.

Technology has a role to play in finance, but there is no substitute for service.

At Key Currency, we give you one-to-one assistance and work with you to achieve a better exchange rate.

You can read more about us here.

We don’t want to exchange your money at the wrong time. A bad exchange rate could cost you a lot of extra money.

Instead, we will help exchange your money to your best advantage.

We have a 5-star rating on Trustpilot, based on over 2,500 customer reviews.

Key Currency is an FCA-regulated Authorised Payment Institution (No. 753989), and as such, all money transfers are conducted through safeguarded client accounts.

To compare our rates, or discuss Pound to Euro forecasts and current market trends, just request a free quote.

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