GBPAUD rates remain a good buy opportunity

The rates for buying Australian dollars above 1.80 represent I feel a great opportunity on the markets, once I think that everything should take seriously. with sterling coming under a lot of pressure this month, any further improvement in the Australian economic outlook could see us head back below 1.80. I do feel that sentiments towards the Aussie will improve despite fears and expectations we will see the Aussie weaken dramatically.

Investors will still want to get a good return on their money and with some riskier assets invoking fear, the Aussie is a safer riskier asset. If you need to move any funds into AUD with sterling or sell AUD and buy GBP tomorrow’s UK Gross Domestic Product data is the key piece of information. I expect sterling could come slightly unstuck so buyers of Aussies may wish to move before the release comes out. For more information at no cost or obligation please contact me Jonathan on jmw@currencies.co.uk

Australian Dollar Strengthens against Sterling (Tom Holian)

GBPAUD exchange rates have dropped this morning from 1.83 to 1.82 following the release of UK Retail Sales which saw a fall of 0.3% month on month.

This was the weakest level seen since January after mild weather in teh UK had a negative effect on new clothing purchases.

Over the last 12 months the level is 2.7% but the expectation was for a gain of 2.8% so Sterling has weakened during this morning’s session.

Recently the UK’s biggest supermarket Tesco announced a big fall in profits which has highlighted the slow down.

Tomorrow sees the release of UK GDP at 930am and with expectations of 3% I think the figure could be lower than expected and therefore see Sterling fall against the Australian Dollar offering very good selling opportunities if you need to sell AUD into GBP.

If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote Tom Holian teh@currencies.co.uk

 

 

 

GBPAUD levels wobble before UK focus this week

Sterling’s value is holding steady against the Australian Dollar following a slight uplift overnight. This was seen as China data put the spotlight on their growth levels and therefore their demand for the Australian resources..  It is normally this time in the month that we see markets move on rumours as economic data is lacking to take full focus of the currency traders. This however will change now, eyes will be fixed on the UK with two of their largest reports published both tomorrow and Friday. This is UK Retail Figures and the latest GDP figures. Retail has an impact on, what is estimated to be, 60% of the UK economy as the recovery is really build on consumer spending. Unfortunately this is expected to show a fall as the warm winter stops the normal run to the shops for winter wear, as a result sterling’s value is expected to fall in early trading tomorrow. This trend is expected to continue on Friday with GDP figures also forecasted to show a drop, all pointing towards a weakening UK economy which will shortly be priced into the value of the Pound.

So if you are looking at buying any currency with Sterling this week or arguably through October I would personally move before these releases and trade ASAP this afternoon.  On the other-hand if you are buying the Pound this is good news and I would be posed to move very quickly over the next 48 hours to get the best prices. If you would like more of a breakdown of the times these are expected, what the market will do in the run up and therefore how to time your trade feel free to break radio silence and get in contact. Along with that we offer award winning exchange rates helping people save money on their currency transfers for over 15 years. Simply put, if we could not help you save money, we would not be in business!  Contact myself Steve Eakins via email at hse@currencies.co.uk

Will GBP/AUD Rates Head Back Under 1.80? (Matthew Vassallo)

GBP/AUD rates have dipped during Wednesday’s trading, with the pair heading back under 1.83 on the exchange. GBP/AUD rates have remained range bound recently, fluctuating between 1.80-1.85. Improved Chinese economic data helped to steady any further AUD loses against GBP, following a very poor run which saw rates move from 1.70, right up to 1.83-1.84 in a short space of time.

This move was a clear reminder of how aggressive and quickly the currency markets can move and whilst I don’t expect Sterling’s momentum to continue at that pace, the AUD may struggle to make any significant inroads, unless there is a shift in market conditions.

It will be interesting to see the market reaction to tonight’s speech by Reserve Bank of Australia (RBA) governor Glen Stevens, along with Australian Business Confidence figures released overnight.

Personally I would be very tempted to take advantage of the current levels as any dip in the UK recovery, or indication that the Bank of England (BoE) may hold back an interest rate hike, we aere likely to see the AUD realign towards 1.75.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on mtv@currencies.co.uk

US And Aussie Releases Tomorrow Night Likely To Overshadow The BofE Minutes (Colm Gilhooly)

How will the Aussie fare with both US inflation tomorrow and Glenn Stevens speech tomorrow night?  Sterling Aussie rates have enjoyed somewhat of a see-saw relationship over the previous few months pivoting above and below the early 1.80’s.  Today the Aussie has been clawing ground back so depending on how strong the US figures are, and what comments Stevens makes, we could see quite a lot of volatility.

The RBA seem fairly set on holding interest rates as they are, but they are obviously still concerned about the strength of the AUD impacting on exports.  There is always a danger that at some point the RBA will look to artificially weaken the currency either through selling fx reserves or some other form of intervention.  If this is the case then there could be a sharp drop in the value of the currency- whilst I am not anticipating any action imminently it is still a concern.

The Bank of England minutes are also published tomorrow morning but I am not expecting any huge variation from this- I can’t see how any more members will have voted to raise interest rates given UK data has been tailing off lately and the Chief Economist for the BofE has expressed his concern over hiking rates too soon because the economic outlook presently is quite different from just 3 months ago.  If anything there is probably more chance of one of the 2 who voted to hike changing their mind then another member joining them in the call to raise interest rates sooner.  If this was the case we could see substantial GBP weakness but again I think this scenario is unlikely.

If you need to make a currency transfer and want to get the best exchange rate then feel free to email Colm at cmg@currencies.co.uk and I would be happy to explain how our services work.

Chinese economic data does not have a huge impact on AUD exchange rates (Daniel Wright)

We saw a flurry of economic data released overnight which only had a minor impact on Australian Dollar exchange rates. Chinese growth figures came out a little better than expected yet Retail Sales and Urban Investment had dropped which in the end virtually cancelled each other out.

As I write this Governor Stevens of the RBA is currently speaking on the Australian economy so expect an update on what he has said on the site a little later on. The real surprise is that although he has said on a number of occasions that he feels that the Australian Dollar is overvalued and is starting to hurt the Australian economy we have not seen a huge amount done about it and the Australian Dollar still seems to be standing strong.

Personally I still feel that we will break the 2 level for GBP-AUD but now that U.K interest rate hikes appear to have been pushed back to the middle of 2015 this may not happen until after the elections in April assuming that UKIP don’t make a charge in the coming months, leading to political uncertainty and a very fragile Pound. We did see this happen during the Scottish independence vote as we homed in on a result and it started to hang in the balance the Pound dropped like a stone.

If you have Australian Dollars to buy or indeed sell then it may be prudent to get in touch with me directly. The company I work for has won awards for our exchange rates against all other major brokers based in the U.K and Australia and I would be confident I can beat any level you are offered by your current provider.

Feel free to email me (Daniel Wright) directly on djw@currencies.co.uk if you feel I may be able to assist you with a description of your requirements and a contact number and I will be more than happy to give you a call personally.

 

GBPAUD – calm before the storm?

GBPAUD rates have stayed relatively steady today which is a plus as concerns last week saw a very volatile trading week. This week eyes are really on the end of the week with economic data from the UK expected to continued miss expectations helping people selling AUD get a better price. UK data continues to be poor as a result of Septembers uncertainty around the Scottish vote. It could be argued that next month’s data will look brilliant in comparison to these recent releases so the Pound may push up.  Eyes will also be on China and the US over the next 24 hours as they lead the way for economic information.  Within the next 12 hours China GDP figures are expected to show a fall probably weakening AUD strength making it cheaper to buy. Anyone looking at selling this week may be wary as a result.

Here we help people with information and factual lead information so you can make an educated decision on transfers that we are planning. If you would like more personal information with relation to your situation feel free to get in contact directly with myself or one of the other authors. My email address is hse@currencie.co.uk

Look forward to hearing from you.

Steve

GBP Strong against the Australian Dollar (Tom Holian)

Sterling has regained its recent falls against the Aussie Dollar a fortnight ago as the Chinese announced on Wednesday a big fall in inflation.

Indeed, the figure was the lowest level in almost five years causing worry for the economy down under. The reason why this could impact the Australian Dollar exchange rate is because China is the biggest trade partner for the country and any signs of a slowdown is likely to cause a negative effect on the AUD.

With fears of a global slowdown this often causes investors to sell off riskier currencies including the AUD, NZD & ZAR so I think we could see the AUD start the week off with a fall against the Pound.

The Reserve Bank of Australia publishes its minutes on Tuesday and with Chinese GDP also due out I expect to see a huge amount of volatility over the next few days for the Australian Dollar. Expectations for Chinese GDP are for growth of 7.2% so anything lower could see the Australian Dollar weaken.

If you’re worried about what may happen with AUD exchange rates and would like to save money on exchange rates compared to using your bank then contact me directly for a free quote Tom Holian teh@currencies.co.uk

 

 

 

GBP/AUD Rates Flat During Friday’s Trading (Matthew Vassallo)

GBP/AUD rates have remained very flat during Friday’s trading, following a volatile couple of weeks for the currency pair. Rates are floating between 1.83-1.84 on the exchange and I believe Sterling will continue to find support above 1.80 in the short-term.

The AUD had started to make inroads following a difficult run against Sterling but mixed economic data from China has caused uncertainty within the markets. We did hear of a slowdown in Chinese economic growth, which seems to have stunted the AUD’s recent momentum. However, only a couple of weeks ago we were hearing the opposite and this gave the AUD a boost in the short-term. Due to China’s size we will often get contrasting views and data releases but overall I believe the Reserve Bank of Australia’s commitment to lowering the value of the AUD and the likelihood that we will see a UK interest rate hike sooner than we will see one in Australia, should help to keep GBP/AUD rates above 1.75 for some time.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me on mtv@currencies.co.uk

Sterling Rises against the Aussie, is this a good opportunity?

Higher yielding currencies have suffered in the last 24 hours as investors look for alternatives to their current investments. The Aussie has weakened against a rising pound and I expect this will be a shortlived opportunity for those looking to buy Aussies with sterling. It would seem reasonable to expect that the pound will rise against the Aussie this quarter but that longer term the Aussie will gain back ground as investors seek out those better returns, any interest rate hike in the UK looks much further down the line.

The market moves in mysterious ways and trying to get the best deal is made easier with our service. We let you know exactly what is happening in the currency markets that will move your rate to help you make a firmer decision on what is the best course of action. For more information please let me know your situation on jmw@currencies.co.uk