Category Archives: AUD to GBP
When Is The Best Time to SELL or BUY Australian Dollars?
The last two weeks have seen a shift in favour of Sterling of approximately 10 cents. This morning Sterling crashed through the 1.60 barrier against AUD to a day high so far 1.5660.
What is the Prediction?
The Australian Dollar is heavily linked to USD. When the USD strengthened last week and went past parity against the Aussie, the Aussie weakened further to its current position. Therefore it is fair to say that USD strength is a factor that weakens AUD.
Ben Bernanke (Head of the Federal Reserve) makes a speech tomorrow afternoon with many analysts predicting a reduction in Quantitative Easing. his announcement would be very positive for the ‘Greenback’ and could be the catalyst that pushes next weeks trading prices in to the 1.60s.
Australian Dollar sellers would sell at almost record lows at the moment.
I work for a market leading Foreign Exchange company, with various awards from ‘The Times’ and ‘The Telegraph’, including best exchange rates.
You can reach me on 01494 787 478 or email me AJB@currencies.co.uk .
Andrew Bromley
Australian Dollar Exchange Rate Forecast – Andrew Bromley
When will we be trading at 1.60? Not long in my opinion!
This afternoon the pound has weakened against most currencies, including nearly half a percent (at the time of print) against USD. It has not however weakened to the same degree against AUD, re-confirming that that AUD is not in favour for investors. 
This Morning Australia released Australian Home Loans (Total of Australian Mortgages), Investment Lending and NAB (National Australia Bank) Business Confidence. Business confidence was down but there was a strong reading for Home Loans. A surprise as a weakening currency is quite often supported by that countries businesses, as it makes it a bit easier on the pocket to trade internationally!
My opinion is that Sterling will strengthen against the Aussie Dollar further, and that in summer we will be trading in the 1.60s.
Should you be looking to sell some Australian Dollars, please drop me a line to discuss your options. There are many contracts available to eliminate potential loss from adverse currency fluctuations.
I work for a market leading Foreign Exchange company, with various awards from ‘The Times’ and ‘The Telegraph’, including best exchange rates.
You can reach me on 01494 787 478 or email me AJB@currencies.co.uk .
Thank you for reading
Andrew Bromley
best rates for buying Australian Dollars for three months with the pound. (Ben Amrany)
With the pound starting to move in the right direction against the Australian Dollar we are currently trading at 3 month high. The recent cut in interest rates looks to be the main factor why the Aussie Dollar has weakened. Having said this it looked at one stage last week taht this would not be enough to halt the strength of the Dollar.
Looking forward there are analysts that feel the RBA will look at cutting rates again next month and this could enable the pound to move up to the late 1.50′s maybe hit 1.60. This would be a welcomed boost for all of you that have been holding out for the rate to rise. If you are selling AUD I would be cautious as you do not want the losses to continue as the RBA would like a weaker currency. If however the AUD performs like it has in the past then even another rate cut may not be enough to significantly weaken the dollar by 3-4% Certainly interesting times ahead for the currency pair.
Data is a little thin on the ground this week down under but Wednesday there is a lot of data out for the UK which could cause the rate to move one way or the other. If you have a currency conversion to make over the coming weeks then please do conatct me at bma@currencies.co.uk and I can explain the options that are available to you plus I can explain how we can beat the rates your bank offers you.
Thank you for reading and I look forward to hearing from you.
Ben Amrany
Cutting interest rates are not enogh to weaken the Aussie Dollar for now. (Ben Amrany)
The Australian Dollar has been on a roller coaster ride since the RBA decided to cut interest rates last week. After the decision we witnessed the Aussie weaken against a range of currencies and there have since been rumours that the RBA may look at cutting rates once more next month to help curb the strengthening AUD.
Today we have seen that even a cut in the base rate of interest is not enough to halt the currency strengthening. As soon as positive data comes out of Australia it seems that the rates increase quite significantly. Better than expected jobs figures from down under have undermined the RBA’s efforts to weaken the strengthening Australian dollar. The jobless rate came in down from 5.6 to 5.5 per cent sending the Aussie to higher levels against the USD since before the interest rate cut. Against sterling the rate is still hovering at 1.52 which is actually significantly higher than the lows of 1.43 a few weeks ago.
The concerning thing for anyone who needs to buy the Aussie Dollar is that over the last year and a half the RBA have cut rates by 2% and the currency has still strengthened. This is a sign of the times that even with the historic low interest rates the Aussie is still stronger than most of its trading partners. If you are hoping that the RBA may cut again in June and that the pound will push on to 1.60 or even 1.70 I personally would not hold out for this. This month has shown that when they cut rates purely to try and spur growth the exchange rate has a habit of strengthening once more.
If you do need to move funds into or out of the Aussie Dollar please feel free to contact me Ben Amrany at bma@currencies.co.uk and I can explain the options that are available to you. We offer a very personal service to help you maximise your exchange while offering savings of up to 4% over the high street banks.
Ben Amrany
Sterling slowly gaining against the Australian Dollar
The Pound has had a great run against the Australian Dollar of late, gaining almost 5 cents in the past few weeks.
At present, with buying levels now over 1.50 it does become quite a temptation to buy Australian Dollars if you have been waiting to make a purchase since the start of the year.
From what I hear from friends over in Australia things are not as great as have been made out and with China seemingly slowing down ever so slightly there may be a little more room for improvement in GBP/AUD rates as long as the U.K can avoid moving backwards again with their economic recovery.
Be very wary though if you do have a pending property transaction to carry out and the current level is within budget it may be tempting toat least book half of your currency just in case the AUD does have another charge of strength which we can never rule out.
Today is key for the Pound with production figures out at 09:30am and the Bank of England interest rate decision due at 12:00pm. Should the Bank of England not have changed their plans surrounding Quantitative Easing then the Pound could creep up a little further.
If you are in the position where you need to buy or sell Australian Dollars for any major currency then I can help you both in terms of a great rate of exchange and a fantastic level of service. You can contact me on djw@currencies.co.uk please let me know a brief description of your requirements and a contact number and I shall be more than happy to help you.
Should the RBA cut interest rates next week I would expect GBP/AUD to move towards 1.52 but EUR/AUD could move back to 1.25
Sterling has once again breached the 1.50 level against the Australian Dollar creating some good opportunities for those looking to buy AUD. We have also seen the Euro rally past 1.27 back from the mid 1.25s earlier this week. For me we are likely to see further opportunities for GBP/AUD, particularly should the Reserve Bank of Australia look to cut interest rates on Tuesday next week. As for EUR/AUD the recent gains could be a stronger opportunity. The European Central Bank will meet tomorrow to discuss their latest interest rate decision with many expect the ECB to cut rates from 0.75% to 0.5%. This will have been priced into the market but I would still expect moves against the Euro to be negative as we finish off the trading week.
Longer term I believe buyers of the Australian Dollar will get stronger opportunities and would expect a shift towards 1.52 for GBP/AUD and would certainly adopt a wait and see approach. I feel the slowing economy in China and the recent strength of the dollar will cause concern for the RBA and I would not be surprised to see a couple of interest rate cuts throughout the year, with opportunities towards 1.55 later this year.
Should you have an upcoming trade to arrange and you would like to discuss the market in more detail and how we can help you achieve a competitive commercial rate of exchange then please get in touch. We are here to help. Please email with your particular currency requirement and I will happily get in contact to discuss your options to help you maximise your trade. Email mgv@currencies.co.uk
Sterling – Australian Dollar on the up? Even the IMF downgrade does not seem to be denting a potential shift back up (Daniel Wright)
Sterling – Australian Dollar rates have started to creep back up in the right direction so far this week which is much better news for those looking to buy Australian Dollars.
Yesterday the IMF actually downgraded growth forecasts for the U.K which dented the Pound against the majority of major currencies yet Sterling held its ground against the AUD which is a promising sign if you have been holding out to send over the money from your U.K house sale over to Australia following your emigration.
Chinese GDP figures slowing and the potential of an imminent interest rate cut for Australia are starting to weigh down the AUD ever so slightly and personally I feel we could finally break back above 1.50 in the coming days…. As long as the Bank of England do not throw a spanner in the works with their latest interest rate decision meeting minutes released a little later this morning.
If you have a pending currency transfer to carry out and you want the very best exchange rates to either buy or sell Australian Dollars then contact me directly and I will be happy to help you compare with your bank or current provider.
You can contact me directly djw@currencies.co.uk please quote ADF in the subject title and leave me a number to call you on, I look forward to speaking with you.
GBP/AUD above 1.48, will we see 1.50? GBP/AUD Exchange rate forecast.
Sterling has rallied back above 1.48 against the Australian Dollar for the first time in nearly 6 weeks, will we see the pound recover to 1.50? Following the poor growth forecasts released by China the AUD has fallen nearly 3 cents in just over 2 days and has created a short term opportunity for anyone in a position to take advantage. Long term this may well be a pattern that continues and particularly if we continue to see a slow down in China then the AUD is a currency that is likely to take a significant hit. However short term buyers of the dollar also need to keep a close eye on any further announcements from the UK with regards to QE (clues will be given tomorrow when the Bank of England release their latest minutes from this months interest rate decision). Any hint towards QE and the recent gains for the pound could be evaporated. Looking to next week watch out for the 25th April when the official GDP data will be released, if the UK can avoid the triple dip and the bank decides against QE then I believe we will see 1.50 by the end of the month.
Should you have any upcoming money transfers to arrange and you have found this blog useful then why not contact us to see what we can do for you? The purpose of the site is to give you independent market views to help you make an informed decision with your currency exchange. By giving yourself as much information as possible it can put you in a far stronger position when attempting to maximise your currency exchange, allowing you to limit your exposure to adverse market movement. Should you wish to find out more about the specialist currency service we provide, whether you are a private or corporate client, then we can help. Please get in touch either on 01494 787478 or by emailing me with a brief description of your individual requirement and I will happily contact you and run through your options. You can reach me direct at mgv@currencies.co.uk
