GBPAUD has been climbing lately as fears in the Eurozone rise and the UK economy goes from strength to strength. Will little Australian data out this week attention will focus on the UK GDP release on Friday and risk appetite.
GBPAUD has broken over the 1 gbp for 2 aud once this year already, can it manage it again? It all appears to be heading in the right direction but nothing should be taken for granted on exchange rates. I would recommend a Limit order at 1 gbp for 2 aud to guarantee your price if it is hit.
Getting the best exchange rate and understanding everything in the future that could drive your price is key to getting the best for your money. To speak to a currency specialist about what to expect on the GBPAUD exchange rate this week please email me Jonathan on firstname.lastname@example.org
Sterling vs Australian Dollar exchange rates have ended the week on a high trading above 1.98 before falling back into the 1.97 territory as Sterling struggles to push past resistance levels.
Sterling has had a good week against the AUD as it was announced earlier this week that Eurozone QE will be ramped up for the next couple of months.
This means that investors are less inclined to move money into riskier currencies which has seen AUD, NZD & ZAR weakness vs Sterling.
Data releases will be few and far between next week as the month draws to a close. However, on Tuesday there is quite a lot of US data due out which can often impact on Sterling Australian Dollar exchange rates.
My personal suspicion is that we’ll see a small amount of upside for Sterling but owing to the current levels just short of 2 on the mid-market level I don’t think we’ll see further gains as there is not enough data due out to give it the lift it needs.
Therefore, if you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian email@example.com
The Australian Dollar is still holding close to its highest point in 2015. The recovery since the UK election for GPD-AUD rates has been substantial, but it seems the period for rapidly climbing rates is over.
Next week GBP-AUD rates will be largely governed by UK data, as the Australian sector have very few releases of their own. The main pieces of data for the UK will be consumer and business confidence data. After a record increase for retail sales figures in the UK this week, higher confidence must surely follow, and we may see rates stray up past 1.99.
However, David Cameron is currently negotiating the UK’s relationship with the EU, and markets will be watching this closely. Any friction between the leaders will likely dampen business sentiment and hurt GBP value on the markets. So caution is advised for those expecting an easy ride towards higher rates next week.
Personally, I would be looking to take advantage of the rates as they are now, rather than waiting for the market to stretch even further in my favour. The further it stretches the larger the snap-back should be once one occurs. I recommend getting in contact with me over the weekend so I can update you regularly over next week when buying opportunities present themselves. firstname.lastname@example.org
Sterling Australian Dollars are getting close to the highest level seen all year and the best exchange rates for many years when buying Australian Dollars.
The FOMC minutes released on Wednesday night suggested that things in America are slowing down which has led to a sell off for riskier currencies including the Australian Dollar hence the reason for the weakness seen during today’s trading session.
The rumours in Europe are that QE may be brought forward for the next couple of months which has also led to Sterling strength across the board.
US inflation data is due out tomorrow afternoon and this will be a huge influence as to what may happen with Sterling vs the Australian Dollar over the next few days.
My suspicion is that we’ll see a Sterling rally vs the Australian Dollar creating some excellent buying opportunities.
If you have a currency transfer to make and want to save money on exchange rates compare to using your own bank then contact me directly for a free quote. Tom Holian email@example.com
The RBA Minutes released overnight were inconclusive. Whilst they did state they plan to cut rates further in the future, the market did not take this on board too much, probably because there is so much AUD weakness already priced in. Since the market was already expecting such an outcome there is little appetite at this stage for a further sell off so the rates have not weakened so much.
The long term prospects for the Aussie may not be great but if the market has already priced in worse deals, it won’t just keep selling off. There is the good chance of a small recovery in the rate, something AUD sellers might want to take on board, AUD buyers too! For more information at no cost or obligation please speak to me Jonathan on firstname.lastname@example.org
The Reserve Bank of Australia Monetary Policy meeting minutes were released overnight and indicated the reasons for their recent rate cut. Although the Australian economy is relatively on track with expected performance, it was noted that Chinese growth had slowed, clearly indicating that the performance of their key trading partner is under a watchful eye. The performance of economies associated with Australia – I.E. its trading partners was reported to have improved, largely due to low oil prices providing greater available cash flow. Essentially the minutes concluded that although Monetary Policy was stable, a rate cut was worthwhile. It was also noted that further rate cuts could not be ruled out… The breaking news for this morning is that UK Inflation data came in at ‘Deflation’ levels – a level that will ring alarm bells in the Bank of England – hence why GBP has weakened against the Australian Dollar this morning. I personally feel the Pound will strengthen tomorrow around lunchtime, as very positive sentiment is expected. Therefore if you are buying AUD, it may be worthwhile being ready to exchange at that point. Alternatively, if you’re selling AUD, you may want to move ASAP! If you have an exchange requirement, please feel free to get in touch. Either call the trading line directly (01494 787 474) and quote this blog, or email me AJB@currencies.co.uk
Sterling Australian Dollar exchange rates have held firm today with the absence of any important economic data announcements.
However, overnight the RBA minutes are due and this could see further AUD weakness if there is any mention of another interest rate cut down under.
Since the UK election Sterling has gained more than 4 cents against the Australian Dollar or the difference of £2,100 on a currency transfer of AUD$200,000.
The RBA is rather torn as to when they may cut rates in order to stimulate more investment in Australia.
A rate cut would see AUD weakness so tonight’s minutes could provide us with some further volatility for GBPAUD exchange rates.
Indeed, RBA deputy governor Philip Lowe suggested recently that ‘we have scope to lower interest rates if we need to.’
Therefore, I think it is only a matter of time before we see another rate cut which could weaken the Aussie in the longer term.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian email@example.com
Sterling Australian Dollar exchange rates have had a good end to the week trading above 1.96 on the mid-market levels as investors anticipate what may be announced with the RBA minutes due out on Tuesday.
With the recent rate cut down under any suggestions that more rate cuts could happen in the future are likely to see Australian Dollar weakness following the announcement.
Australian Dollar exchange rates are also heavily influenced by what happens in the US and with recent data announcements in the world’s leading economy a bit lower than expected this has also seen the Australian Dollar weaken against the Pound creating some excellent buying opportunities.
On Tuesday the UK also releases inflation data so if lower than expected could see Sterling fall briefly against the Aussie however I think this will be short lived and I expect Sterling to rise against the Australian Dollar this week.
The AUD is also heavily reliant on what happens in China and with a recent rate cut this has also led to the AUD weakening vs the Pound.
If you have a currency transfer to make and want to save money on exchange rates compered to using your own bank then contact me directly for a free quote. Tom Holian firstname.lastname@example.org
It’s been a volatile couple of weeks for GBP/AUD rates of late, with both the Pound and the AUD threatening to build momentum at different junctures. Initially it looked as if the AUD may make a move back towards 1.90 and with the uncertainty created in the build-up to the UK election, this was looking like a distinct possibility.
However, as often happens the currency markets can move aggressively and unpredictably and the Pound immediately gained market support following last week’s election result and the on-going concern over the slowdown in China’s economy. With China and Australia so inextricably linked due to their trade agreement; any slowdown in China’s economy invariably has a negative effect on Australia’s and ultimately the AUD.
Personally I feel that GBP/AUD rates are likely to head back up towards 2 over the coming weeks, unless there is a change in stance from either central bank and/or a change in market perception surrounding China, which could lend itself to some AUD support.
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