Tag Archives: australian

What can we expect next for GBPAUD currency rates?

Tonight is the latest RBA (Reserve Bank of Australia) Meeting Minutes which will provide further insight into the latest thoughts from the RBA with regard to the relative strength or weakness of the Australian dollar. If you are looking to make a currency exchange buying or selling the pound or Australian dollar then understanding the latest news here is critical to what kind of rates you might expect in the future. In assisting my clients with the timing of any transaction as well as the best rates of exchange this release will be critical to understanding what might happen next on the rates.

The pound has clearly weakened following political uncertainty in the UK, but news from the RBA (Reserve Bank of Australia) could easily change that. Generally speaking the market is predicting the outlook for the RBA to be one where they are gently leaning towards hiking interest rates although this is unlikely to be anytime soon. If you are buying Australian dollars in the future this would potentially mean the transfer becomes more expensive, if you are selling AUD to buy the pound, the rate could get better.

Timing is everything in the currency market and understanding what my or may not influence your exchange rate is key. With almost ten years of experience assisting clients looking to buy and sell the Australian dollar I am well placed to offer my clients up to date news on what will impact their exchange rate.

If you have a transfer to make buying or selling Australian dollars for pounds, it is fair to say a weaker pound could see this level slip lower into the 1.60’s. However the Queen’s speech and uncertainty over the UK election final result this week reminds us that events can quickly changes and lead to unexpected results.

For more information at no cost or obligation please speak to me Jonathan Watson by emailing jmw@currencies.co.uk. Thank you for reading and I look forward to hearing from you and assisting with your transfer.

Markets await news from the U.K elections – This will impact AUD/GBP exchange rates (Daniel Wright)

As we await news on just how the U.K election will pan out, Sterling has remained fairly flat against the Australian Dollar throughout trading today. It had looked like Sterling would be pushing up and above the 1.75 (0.5714) mark in the past week or so but what we have seen is a slight shift in momentum and the Labour party clawing back seats in the polls.

This has caused uncertainty for the Pound which has led to the Australian Dollar making back ground against it and coming down to test the 1.70 (0.5882) level.

It does appear that if you trust the bookies odds (which were totally wrong for the referendum) we will be seeing a conservative majority and that will more than likely lead to Sterling strength, but we must also bear in mind that this will also increase the likelihood of a harder brexit so the markets could actually see this the other way and push the Pound back down.

All in all we have a very interesting 24 hours ahead for anyone looking to buy Australian Dollars with Sterling or to send Australian Dollars back into Pounds, as we could face a lot of volatility and some fantastic trading opportunities in the hours ahead.

if you are in the position where you may need to make an exchange either in the imminent future or the coming weeks and months then it makes sense to have an experienced and proactive currency broker on your side.

I have been helping clients make large exchanges to and from Australia for nearly ten years now and make sure that not only do they get the very best exchange rate but they are also kept well aware of market movements in their favour or against them.

If you feel I would be of assistance to you then feel free to contact me (Daniel Wright) personally on djw@currencies.co.uk and I will be more than happy to get in touch and help you put together a plan of action for your exchange.

Australian Dollar getting shaky due to a number of factors (Daniel Wright)

The Australian Dollar is starting to feel the pinch a little in recent trading as a number of factors are leading to a little Australian Dollar weakness.

This week so far has already given us the news that China has had a credit rating downgrade by rating’s agency Moody’s due to concerns of the spiralling debt situation over there. On top of this, investors are rushing to second guess when we will see the next interest rate change over in America and this will also be of key importance to the Australian Dollar too.

Why the rate change is so important is due to where investors will seek to hold their funds. At present Australia presents a solid interest rate compared to many other parts of the world however the U.S are slowly catching up and this is when risk perception will come into play. The closer the U.S interest rate gets to the Australian interest rate you will start to see a flow of money leaving the Australian Dollar and moving into the U.S Dollar as investors will feel that the U.S is a more stable and safer bet for their funds, so they will feel more comfortable folding funds in USD if interest rates are fairly close if not the same.

Regarding the issue with China, any bad news from China tends to be negative for the Australian Dollar as Australia exports so many goods to China so it will have an impact on the Australian economy eventually. Rising debt in China has been a concern for a long time and personally I would not be overly surprised to see Chinese debt hit the headlines on a larger scale again soon.

With this in mind we may see a tricky period for the Australian Dollar come up so there could be some great opportunities for anyone looking to buy Australian Dollars in the near future.

If you are looking to buy or sell Australian Dollars and you would like my assistance then feel free to contact me (Daniel Wright) personally on djw@currencies.co.uk and I will be more than happy to help you. Not only can the company I work for offer highly competitive rates of exchange but we are also extremely proactive in helping our clients with the timing of their exchange. If you feel you are not getting this assistance with your current broker or indeed your bank then feel free to email me directly and I will be more than happy to get in touch.

 

Australian Dollar finding life tough as risk sentiment decreases (Daniel Wright)

We have seen the Australian Dollar lose ground against numerous currencies over the past week or so as we have experienced a slight sell off in the perceived ‘riskier’ currencies, such as the Australian Dollar, New Zealand Dollar and South African Rand.

Investors are finding life tricky at present, with the goings on in America and various economies reporting fairly bad figures of late, it does seem that we are seeing an unwinding of carry trades along with a general sell off, leading to Australian Dollar weakness.

Carry trading is a process whereby an investor borrows money in a currency with a very low interest rate and then shifts that money over to a currency with a very high interest rate, making their return on the difference. As you start to see the Australian Dollar weaken off you also get this gather momentum as investors reverse or unwind these positions to protect themselves from adverse movement and losing the profit they have built up.

We have very little left to come out in terms of economic data from Australia for the rest of the trading week but for those looking to carry out an exchange involving GBP you should be aware that today the U.K has what has been touted as ‘Super Thursday’ where they will have the release of Industrial and Manufacturing production, trade balance, the Bank of England interest rate, inflation report and growth estimates so be prepared for some fairly volatile exchange rate movements as the day progresses.

If you have any Australian Dollars to buy or indeed sell then it is well worth getting in touch with us here at Australian Dollar Forecast. Not only to we aim to provide up to date market information but we also all work for on of the top foreign exchange brokerages in the U.K. Even if you are based in Australia we can still help you too, and we pride ourselves on being able to better the prices of all of our competitors, along with offering a high level of customer service too.

Feel free to get in touch with me (Daniel Wright) if you would like to get a quote to compare with your current brokerage, or indeed your bank and I will be more than happy to contact you personally. You can email me on djw@currencies.co.uk and I  will be in touch as soon as I can.

Australian Dollar losing ground against most major currencies (Daniel Wright)

We have seen the Australian Dollar lose ground against most major currencies this week and this trend may well continue as the week progresses.

With Donald Trump bringing in new tariff’s for Canada on trade this has led to concerns that we may see a similar situation for many other economies which could really put further pressure on the Australian Dollar as it would initially be seen as a negative for the Australian economy.

We had slightly weaker than expected inflation data for Australia earlier in the week, and we have more to be released tomorrow and although markets are expecting a small improvement, I would be surprised to see any large gains for the Australian Dollar this week as I feel the trend is well and truly against it at present.

Tomorrow we also have GDP (Gross Domestic Product) figures over in the U.S and this can have an impact on all major currencies as it has an affect on global attitude to risk. GDP is essentially how much the economy grew or shrank during a specific period and the reason the U.S figure is so key for the Australian Dollar is due to the fact that it will be key for their decision on their next interest rate change, and should the U.S hike interest rates again I would expect to see the Australian Dollar weaken further.

If you put yourself in the position of a large investor, you would more than likely prefer to hold funds in the less risky USD rather than the more volatile AUD and interest rates for the two are getting closer, the closer they get the larger the flow out of AUD and into USD, hence making the AUD weaker over time.

If you have the need to buy or sell Australian Dollars for emigration, property or business requirements and you would like my assistance then feel free to get in touch with me (Daniel Wright) directly on djw@currencies.co.uk .I regularly have clients contact me who find that not only can they save money and get a better rate than their current provider but also that our service is exceedingly smooth too.

Australian Dollar starting to weaken off as interest rate hike chances start to fade (Daniel Wright)

The Australian Dollar is having a slightly rocky time of it at present, due to investors and speculators starting to reverse their opinion that they expected an interest rate hike from the RBA fairly imminently.

The original expectation that the interest rates may rise was due to the economy being in good form and the housing market also rising fairly rapidly, an interest rate rise would help to slow this slightly as it makes it more expensive to get a mortgage therefore should hold demand back a little.

It does appear now that with iron ore prices dropping near to the lows of the year and concerns about China creeping back into the market we may have a slightly shaky period ahead for those holding Australian Dollars, and that Australian Dollar exchange rates may fall in the coming weeks, making the Australian Dollar cheaper to buy.

There are now speculators and investors that expect an interest rate cut from the RBA before the end of the year, this would lead to a large drop in the value of the Australian Dollar. An interest rate cut is generally seen as negative for the currency concerned and a rate hike seen as a positive.

With the decreasing difference between U.S and Australian interest rates too, this is having more of an impact than it usually would as investors would rather have funds sat in USD than AUD as it is perceived as a less riskier currency.

If you have any Australian Dollars to buy or indeed sell then it is well worth getting in touch with us here at Australian Dollar Forecast. Not only to we aim to provide up to date market information but we also all work for on of the top foreign exchange brokerages in the U.K. Even if you are based in Australaia we can still help you too, and we pride ourselves on being able to better the prices of all of our competitors, along with offering a high level of customer service too.

Feel free to get in touch with me (Daniel Wright) if you would like to get a quote to compare with your current brokerage, or indeed your bank and I will be more than happy to contact you personally. You can email me on djw@currencies.co.uk and I  will be in touch as soon as I can.

Australian Dollar feeling the pinch as Antipodean currencies have a poor start to the week (Daniel Wright)

So far the Australian Dollar has not had the greatest start  to the weeks trading, seeing losses against the Pound and  Sterling has pushed above and through the 1.65 (0.6060) mark today.

It does appear that the trend for AUD/GBP has now turned around a little, however the next 24 hours will be key for where it heads next with article 50 (the start of the brexit process) officially being triggered in the U.K tomorrow.

This will be a key factor for anyone looking to carry out a currency exchange involving either the Pound or Australian Dollar, as it will effectively start divorce proceedings between the U.K and the EU.

Global risk appetite appears to have fallen away a little too, as Antipodean and commodity based currencies such as the Australian Dollar have been on the decline for almost a week now.

My view for a while now is that I see currencies such as the Australian Dollar and New Zealand Dollar having a poor run in the coming weeks, as there is so much uncertainty around the world which  may lead to  a reversal of what is known as carry trading.

Carry trading is where an investor borrows money in a currency with a very low interest rate and moves it into a currency with a higher interest rate, making a return on the difference. With higher interest rates the Australian Dollar is regularly used for carry trading and in times of global uncertainty you can see it weaken quite considerable as the carry trades are sold back and demand for the Australian Dollar declines.

If you have the need to exchange Australian Dollars in the near future and you are looking to secure not only the best rate of exchange but to time it well too then it is well worth getting in contact with me directly. You can email me (Daniel Wright) on djw@currencies.co.uk with a brief overview of what you need to do and I will be more than happy to get in contact with you personally to explain the various options available to you.

 

 

Will the Australian dollar rise or fall against the pound?

The pound to Australian dollar exchange rates has improved lately as the pound finds some better form and the Australian softens every so slightly. In the most recent communications from the RBA (Reserve Bank of Australia), we learned that the RBA are concerned over rising house prices. We also learned that the RBA view the currency as too strong and whilst only a few weeks ago the view was that the RBA might raise interest rates later this year, for now, the direction appears to me to be fairly neutral. If you are making a GBPAUD exchange in the coming weeks I believe a big factor will be the Article 50 direction for sterling. With plenty of volatility expected nothing should be too readily assumed!

GBPAUD hit 1.59 last week as the lack of interest rate hikes in the United States presented a weaker US dollar. As the US dollar was sold off it benefitted the Australian currency as the Aussie is used by investors to benefit from its higher interest rates. By ‘parking’ funds in Australian dollars, investors have a higher rate of interest and therefore earn more on their money. Such trends help the Australian to strengthen and this partly explains some of the overall strength of the Australian dollar against the pound.

I would expect GBPAUD rates could move as much as 11 cents between the high and the low as markets digest the release of Article 50. I forecast rates between 1.56 and 1.67 depending on how the market receives the news. Because this has never happened before the scope and potential for swings are high.

If you have a transfer involving buying or selling Australian dollars then making some plans in advance is vital. If you would like some assistance with the timing and planning of any transfers you may contact me directly on jmw@currencies.co.uk. I have worked for almost ten years assisting clients buying and selling Australian dollars for pounds and am positive I can offer some useful assistance with a really good exchange rate (above other companies) and some useful information to make an informed decision on when to buy your currency.

RBA leaves interest rates on hold – No signs of a cut in the near future – Australian Dollar strengthens (Daniel Wright)

Overnight last night the RBA (Reserve Bank of Australia) kept interest rates on hold which had been widely expected, however the most interesting piece of information to pull from this happened to be comments from the RBA interest rate statement.

In this statement Governor Lowe commented that he did not feel it would be right to use economic policy to try and help the economy grow, which was a hint that he may not be cutting interest rates as soon as many had first thought.

His reason behind this was that should he cut interest rates it would encourage more borrowing and this may lead to further inflating house prices in Australia which are already rocketing and have been for a while.

An interest rate hike is generally seen as positive for the currency concerned and a cut in rates is seen as negative so that fact that  a cut may have been pushed back further has been seen as a real positive for the Australian Dollar so we have seen it gain strength overnight against most major currencies.

For anyone looking to exchange Australian Dollars in the coming days, weeks or months ahead there is still plenty of movement expected for what is generally a fairly volatile currency. Overnight tonight we have Chinese import and export data which is one to also watch out for as it can have a large impact on Australian Dollar exchange rates.

If you need to buy or sell Australian Dollars in the coming days, weeks or months ahead and you want top get the most for your money then it is well worth getting in contact with me directly. A lot of people that contact me are using online platforms to buy their currency and although this is convenient they do not realise that they certainly do not get the most for their money as they have no power of negotiation with a computer.

We are different here, we can get you better rates of exchange and alongside this we offer a fantastic level of customer service, if you would like to find out more about how we work and how I can help you then feel free to email me (Daniel Wright) on djw@currencies.co.uk and I will be happy to contact you personally.

Australian growth figures expected to be extremely strong on Wednesday (Daniel Wright)

Wednesday sees the release of GDP figures in Australia with expectations of a fairly good jump in month on month figures and a slight improvement in year on year levels.

GDP (Gross Domestic Product)  figures essentially measure the growth of an economy over a specific period of time, and should these figures come out as positive like they are expected to then we may see another bout of Australian Dollar strength overnight.

It does appear that the Australian economy is heading in the right direction once again following a fairly average run of form, and with Australian interest rates still remaining extremely favourable compared to many other economies within the world, the Australian Dollar is still a key candidate for carry trading.

Carry trading is where an investor borrows money from a currency with a very low interest rate and shifts it over to a currency with a much higher one, making their return on the difference. When the AUD is used a lot for carry trading it can strengthen due to the age old rule of supply and demand, so I feel the Australian Dollar will continue to remain fairly strong as long as the economic data backs it up and interest rates around the world do not change too much.

If you have Australian Dollars to either buy or indeed sell in the coming days, week and months then it is well worth having an experienced and proactive currency broker on your side, that not only offers you competitive rates of exchange but that can help you every step of the way in this challenging market too.

If you feel that you would like some assistance of this nature and you would like this kind of help then feel free to email me (Daniel Wright) directly on djw@currencies.co.uk and I will be more than happy to call you personally to discuss the various options available to you. You can also call our trading floor on 0044 1494 725353 (ask for Daniel Wright) we are U.K based but can help you no matter where you are in the world on sums from £5000 to multi-million Dollar transactions.