Tag Archives: GBP to AUD

GBPAUD Forecast – will we hit 1.60?

May 10, 2013   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength, Australian Dollar Weakness

The rally on GBPAUD seems well underway with major concerns looming over the value of the Australian dollar. Anyone selling AUD to buy GBP upset they missed out on rates a few weeks ago should really take stock of the current market as it is likely rates will only get worse.

The Australian bank have cut raters lower and surely it is only a matter of time before they cut again as looming concerns over the future direction of the Australian economy persist. The pound too has been strengthening in recent weeks having avoided the triple dip so the forecast is the GBPAUD rate will move higher towards the 1.60 level.

I would therefore suggest anyone buying Australian dollars holds to see if things get better, whilst those selling Australian dollars move sooner. Ultimately for both buyers and sellers there will be spikes to take advantage of and this is where our service comes in. We can highlight movements in and out of your favour as well as highlight future events which may move the market for you.

For more information on news and events that will impact your exchange rate, please feel free to contact me. Even if your transfer is just a one off our specialist service is designed to save you money through a better rate than the banks. For more information on what we can achieve and how it all works please contact me Jonathan directly on jmw@currencies.co.uk 

I look forward to hearing from you

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When should I buy my Aussies? What has happened to GBPAUD?

February 26, 2013   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength, Australian Dollar Weakness

GBPAUD has thanksfully for Aussie buyers recovered slightly although I doubt many people out there who need to buy them are celebrating too much! I am not going to dress it up, the rates for buying Aussies are pretty dire. This makes it even more important to make sure that if you are considering a transfer involving the Aussie you are doing everything you can to maximise your exchange. Our best levels lately have been about 1.48, I know some banks have been about 1.45 or worse! To check if you are getting the best deal you can make a free comparison with me by emailing jmw@currencies.co.uk

As I predicted last week here GBPAUD did test the all time low and actually broker through it. No one could realistically have predicted exactly the UK would lose the triple dip but the bad news circling sterling indicated to me it could happen soon. No one can 100% predict the future but by making sure our clients are properly informed of market movements and trends, they can trade at favourable times and don’t suffer unnecessarily. If you would like more information totally free at no obligation please feel free to make contact directly on jmw@currencies.co.uk

I think the rate will continue to move lower by a couple of cents this week due to GBP weakness. There is more GDP data tomorrow and I cannot see the pound finding much support at these kind of levels. Now we have tested a new all time low 1.4627 it is highly likely we will again soon, particularly if Chinese news continues to be positive and UK news negative. Friday’s sharp movements highlight just how important it is to be up to speed on rates so to make sure you don’t miss out please register your interest with me on jmw@currencies.co.uk

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‘Hope for the Best, Plan For the Worst’

January 17, 2013   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength, Australian Dollar Weakness, Best Rates, GBP to AUD

Exchange rates are much like weather, accurate predictions are almost impossible. You can make as much preparation as possible but still be caught out by unexpected changes.

Exchange rates like weather do follow reasonably predictable trends with certain limits however. It would be a shock for it to start snowing in July in the UK but not impossible. This is similair to saying GBPAUD could go to 1.70. It could but it is highly unlikely.

Understanding what is driving the rate and is keeping levels where they are is a key component of getting the best deal. All too often we have clients who have a short term requirement and is magically hoping for the exchange rate to climb sometimes 10 cents in a short space of time.

Getting the best rate may actually mean trading at a level you previously did not want to. As many a wise man and woman has stated it is often best to hope for the best, plan for the worst. Some kind of contingency plan is always sensible to make sure you do not miss out. For a free, no obligation discussion of your currency transfers please feel free to contact me directly. Getting your timing on a currency deal is very important so even if your transfer is just a one off do not hesitate to get in touch for more information. Think of it as putting an umbrella in your bag when you don’t know quite what the weather may do. It will only take you a minute to do but could end up being a godsend if you need it.

You can contact the author directly on jmw@currencies.co.uk or call (+44) 01494 787 478.

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Important few days for anyone interested in GBPAUD Exchange Rates. Will we hit 1.50 by the end of the week??

January 16, 2013   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength, Australian Dollar Weakness, Best Rates, GBP to AUD

Currency markets move on trends and there is currently lots to be positive for on the Australian Dollar. This is why the Australian Dollar is touching some of the best rates in 6 months.

When will we hit 1.60? This is a question I am being asked frequently by people looking to move their life savings or house sale funds over to Australia. For the time being such rates look out of the question and it looks like anyone with their heart set on such levels may have to wait a long time, indeed it is likely the rates could get worse before they get better.

The Chinese Effect This Friday we have a whole host of Chinese data released to the markets, the key release for me being Chinese Gross Domestic Product or GDP. This is a measure of how their economy is growing. The rate has in recent years been slowly falling but we have seen it steady in recent months, an indication that the economy is not about to suffer a ‘hard landing’.

Make no mistake this is the release which could really affect sentiments on the Aussie. Quite simply if China is doing well, the Australian dollar will perform better. It will therefore become more expensive to buy.

What may happen on Friday? Well the recent Chinese data sets have showed good data in Manufacturing sector, a key component of Chinese GDP. Non Manufacturing data was also positive so it is difficult to see evidence of any ‘hard landing’ or even a soft landing. Also the Chinese trade balance figures improved and this all points to an economy faring well.

Consequently we could easily see some positive data lend further support to the Australian dollar making it yet more expensive to buy. The pound is looking very much on the backfoot at present and further gains towards 1.50 look very real. Saying that a bad data set could easily tip the scales back in the favour of those buying Aussies. On balance I would expect 1.50 to be hit before 1.60…

To be kept up to speed on the latest news and future outlook on any transfers involving the Australian Dollar please feel free to speak with me directly. I work as a specialist currency broker and can offer information on the tools to get you the very best rates of exchange. jmw@currencies.co.uk , 01494 787 478

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GBPAUD hits 4 month low

July 10, 2012   Australian Dollar Forecast, Best Rates, GBP to AUD

Australian Dollar Forecast Best Rates GBP to AUD Buying Australian Dollars with Pounds

The GBPAUD exchange rate has hit a 4 month low of 1.5151 this afternoon as problems persist in the UK. Some forecasters are claiming that second quarter UK GDP will show a reduction of -0.2% which will keep the UK in recession. Further with the LIBOR scandal in the headlines investors are seemingly hesitant with the Pound. Also with GBPEUR exchange rates hitting close to 4 year highs and EURUSD the lowest for two years we are seeing possible signs that carry trading is affecting the exchange rates. This is whereby investors borrow money is a low yielding currency such as the Euro and place it into the Australian Dollar which will provide a better rate of return.

As the Reserve Bank of Australia kept interest rates on hold last week we could see further strengthening for the AUD until a tighter monetary policy is implemented. Also, as the UK decided to go ahead with further QE of £50bn Sterling has lost its appeal at least for the time being. With iron ore and coal exports till performing well fuelled by Chinese demand and growth this has seen the AUDUSD rate touch close to the highest level is almost 30 years. If you have a need to transfer Australian Dollars and want to compare exchange rates against your currency broker please contact me Tom Holian teh@currencies.co.uk

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RBA Interest rate left unchanged

July 3, 2012   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength

Australian Dollar Forecast Exchange rate information Best Rates GBP to AUD Buying Australian Dollars or Selling Australian Dollars

The Reserve Bank of Australia left interest rates on hold at 3.5% overnight which as discussed yesterday was not much of a surprise. We were expecting interest rates to remain unchanged but there is some speculation that rates could be cut later this year to stop the recent Australian Dollar strength. With the Aussie Dollar trading at around 1.53 this morning the problem it creates is that for the economy excluding the mining industry is that Australian goods and services become too expensive therefore potentially having a harmful effect on the Australian economy. Over the last two months Sterling vs Australian Dollar has dropped by around 9 cents and the AUD has also gained against most other majors too. If interest rates are cut later this year we may see a small rise for the Pound against the AUD.

The UK releases its own interest rate decision on Thursday with some anticipation of further Quantitative Easing. I feel that if we do see more QE we could see some weakness for the Pound creating some excellent selling opportunities for the AUDGBP. The summit in Europe last week has helped the AUD gain against Sterling and Euro and if Europe continues to show solidarity we could see gains for the AUD.

If you need to make a currency transfer but do not know how best to arrange it to save money send me an email and I’ll happily explain the process to you. teh@currencies.co.uk

 

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Australian Dollar Focus

June 19, 2012   Australian Dollar Strength, Best Rates, GBP to AUD

GBPAUD Australian Dollar Exchange Rate Forecast Australian Dollar Strength Best Rates GBP to AUD

Both the Australian Dollar and the New Zealand Dollar have strengthened since the Greek election news from Sunday and there is a strong likelihood that there will be more appetite for both currencies. With Greece now likely to stay in the Eurozone this has allowed confidence to return to the markets. Mineral exploration spending has hit a record high in Australia and with a strong performance in the services sector in New Zealand it potentially provides both currencies with more opportunity to strengthen against the Pound. The Reserve Bank of Australia’s minutes released this morning showed it was close decision to cut interest rates so it is more likely that there will be no change next month.

However, one problem that the Australian Dollar exchange rate could face is that if Spanish bonds continue to get close to 7% they could be in line for the next EU Bailout which could dent the recent strengthening for the Aussie Dollar. The US Federal Reserve meet tonight to discuss whether or not to put more stimulus into the US economy which could harm the Australian Dollar. However, if the FOMC do not make any movements we could see the AUD strengthen against both Sterling and the US Dollar. Currently GBPAUD is sitting at 1.5460 on the Interbank level.

If you have a currency requirement to make and would like to know how to save money when buying Australian Dollars please do not hesitate to contact me Tom Holian quoting ‘Australian Dollar Forecast.’

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Sterling Australian Dollar Exchange rate hits 1.56

June 13, 2012   Australian Dollar Forecast, Best Rates, GBP to AUD

Australian Dollar Forecast GBPAUD AUDGBP AUDUSD USDAUD Best Rates GBP to AUD

The Australian Dollar has continued to strengthen against the Pound this week and the exchange rate has hit 1.56 on Interbank level today. The AUD has even moved to within half a cent of parity against the US Dollar even though markets remain jittery about the upcoming Greek elections. The elections due to take place in Greece on June 17th will hopefully put to bed the uncertainty surrounding the Eurozone but a lot of people still remain negative about the result. One of the reasons for the recent return to strength for the Australian Dollar is the mounting speculation that the Federal Reserve’s potential plans to stimulate the economy could come in and therefore encourage more investors to place money in the Australian Dollar.

The World Bank has warned that developing countries will grow by 5.3% this year down from 6.1% in 2011. The Bank issued warnings that the Eurozone debt crisis could negatively affect both Spain and Italy and with bond yields in Spain hitting 6.81% this is the highest rate since the launch of the Euro back in 1999. If developing countries struggle this could have a detrimental affect for many countries across Asia and therefore Asia’s growth with Australia could slow and harm the Australian Dollar.

For further information please contact me directly quoting ‘Australian Dollar Forecast’ for preferential rates when transferring currency. Tom Holian teh@currencies.co.uk

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UK Retail Sales Lower than Expectation

May 23, 2012   AUD to GBP, Australian Dollar Forecast, GBP to AUD

GBPAUD Exchange Rate Forecast GBPAUD Exchange Rate Information Buying AUD with Sterling AUD to GBP Australian Dollar Forecast GBP to AUD

UK Retail Sales were a lot lower than expectation for April and fell by 2.3% month on month mainly because of a record fall in petrol sales following the stampede for petrol during the end of March. Sales of fuel were 13.2% lower in April. Analysts had forecast a yearly rise of 1% but sales were down by 1.1% so Sterling has taken a small tumble. However, more importantly the exchange rate for buying Australian Dollars has improved again to a 6 month high of 1.6160. The reason why Sterling has stayed strong is down to the Bank of England Minutes which showed a vote of 8-1 against further Quantitative Easing.

yesterday IMF head Christine Lagarde suggested that the UK could cut interest rates to stimulate the UK economy and further QE could be possible. Clearly the Bank of England will make its own decision about how to control policy for the UK and with the minutes this was proved. She also commented about the problems in Greece and said the country has a lot more to do  to fix its ailing economy. Some analysts think that Greece will be forced out of the Eurozone but personally I believe that they will yet gain be bailed out as politically, socially and economically it would be disastrous to allow Greece to be removed. It could easily spread contagion to the other ‘PIGS’ or Europe in particular Spain which has already seen one of its banks Bankia being part nationalised. Lagarde went on to say the costs of Greece leaving the Euro could be so high that other member of the Eurozone may be prepared to pay more to keep them in the single currency. Today EU leaders meet in Brussels to discuss the problems currently affecting Greece and the single currency.

With the instability surrounding Greece and Europe investors have been turned off against moving money into Australian Dollars which in turn has seen the rate to buy Australian dollars with Sterling hit the highest exchange rate this year. June 17th is the date for the Greek elections so a positive result could see the Australian Dollar strengthen against both the Pound and US Dollar as confidence returns but I think over the next few weeks the next resistance level could be 1.6250 for GBPAUD.

For more up to date information please feel free to ask me a question Tom Holian teh@currencies.co.uk quoting ‘ADF’ in teh subject title for preferential exchange rates.

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Will the Australian Dollar Recover against Sterling?

May 21, 2012   AUD to GBP, Australian Dollar Forecast

Australian Dollar Forecast GBP to AUD Best Rates GBP AUD AUD GBP USD AUD AUD GBP

The Australian Dollar has recovered against Sterling since last week after it hit 6 month lows. The general feeling within the market is that the movement was exaggerated but personally I feel the AUD is in for a troubled period. With negotiations breaking down to form a new coalition government in Greece the country is prepared for a new round of elections due to take place on 17th June. If a government cannot be formed the austerity measures cannot be agreed and if so the EU Bailout Fund is unlikely to put more money into Greece. It could be argued that the market has priced in this problem and that Europe will defend its Eurozone partners but we are in unprecedented times. This week there is very little news for the Australian Dollar so focus will remain on the ongoing European Debt Crisis.

Spanish bond yields have dropped which is encouraging for the Eurozone and reduces the cost of borrowing for Spain. The lowering of the risk of Spain defaulting has helped to push Australian Dollar back from 1.61 to 1.60 this morning. The G8 summit is currently working on a package to resolve Europe’s financial woes. retail spending has been up in Australia in April for the ninth consecutive month but the rate is slowing, again signs that Australia’s wider economy is slowing down. Indeed on Wednesday the Westpac leading index is released which measures 9 areas of economic activity. This will provide us with an insight as to how the economy is performing and could move the Australian Dollar either way.

Interestingly the Japanese Yen saw a huge strengthening last week as GDP figures came out higher than expectation. This also led to a small sell off os the Australian Dollar and another reason why Sterling strengthened to 1.61.  For further information about buying Australian Dollars feel free to contact me Tom Holian teh@currencies.co.uk quoting ‘Australian Dollar Forecast’ for preferential exchange rates or call me directly on 0044-1494-787-478.

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