How will US Non-Farm Payroll data impact Sterling vs the Australian Dollar? (Tom Holian)

The Pound has started to struggle recently against the Australian Dollar during the course of the week after British politics has begun to make the headlines in recent times.

The Conservative party conference did not go well with Theresa May being affected by a persistent cough, letters falling off the wall behind her and a comedian presenting her with a fake P45 claiming to have been signed by Foreign Secretary Boris Johnson.

After GBPAUD exchange rates hitting as high as 1.71 recently and breaking through 1.70 a number of times towards the end of last month the Pound has started to fall against all major currencies including vs the Australian Dollar falling back into the 1.67 level earlier today.

Later today we could see a huge movement for the Australian Dollar as we have the release of US Non-Farm Payroll data due out at 130pm this afternoon.

Owing to the recent Hurricanes Harvey and Irma the figures could be drastically different and as this is such a difficult figure to predict accurately then any change is likely to cause big movement on the currency markets and any change in global appetite to risk and therefore often has an impact of the value of the Australian Dollar.

If you have a currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency.

A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will endeavour to get back to you as I can.

For more news on foreign exchange rates and to request a free no-obligation quote visit www.currencies.co.uk