Daily Archives: October 23, 2012

Recent trends for GBP/AUD and forecast

Recently the pound, as against many currencies, has been losing some ground back down towards 1.55 from the highs of 1.5880 seen in September. Pressure has focused back on the pound in recent weeks with continued speculation that the Bank of England will be extending quantitative easing at its next meeting scheduled for the 8th November. I believe this has been priced into the markets in anticipation and of course should the Bank decide against extending its asset purchasing program then you may find the Pound rebounds. However I personally feel the Bank will act in November and this will keep short term pressure on sterling – sellers of the AUD may get a little more from the market but buyers may wish to take stock of their position as rates are still some 6% higher than the year lows.

To discuss my views and your thoughts on the current market conditions please contact me either by email a mgv@currencies.co.uk or by calling 01494 787478. Having worked in the currency markets for over 6 years I have assisted numerous clients with their currency transactions, ranging from property completions, monthly mortgage payments and corporate transfers a like. As one of the UK’s longest running independent brokers we have access to highly competitive commercial rates of exchange that our clients take advantage of on a daily basis. Similarly these multiple sources helps keep us ahead of many of our competitors as we actively seek to get our clients the best available market
prices.

Should you have an upcoming money exchange to arrange and would like more information on the service we provide as for Mike at mgv@currencies.co.uk  and I will gladly assist you.