Tag Archives: gbp

GBPAUD rates rise!

GBPAUD exchange rates have risen as the initial fear factor over Donald Trump entering the White House subside and the US dollar find strength and weakness against various currencies. The US dollar has gained ground against the Euro but weakened against some other currencies. The GBPUSD rate has risen as funds find their way into the pound with the pound strangely becoming a beneficiary of these movements. I believe this is because the UK are not looking to change their interest rates any time soon whilst the Eurozone might cut further or introduce more QE in December. This all has a big impact on GBPAUD because the Aussie is weakening against the US dollar as the US dollar strengthens under expectations that the US will raise interest rates.

These kind of movements on the currency markets are very much difficult to predict and anticipate as investors try to make sense of just what is happening. So far it appears Donald Trump is striking a much more conciliatory towards the US and the global economy,  this has I believe helped global markets retain some optimism and the pound has benefited greatly from this trend. The key question is will this continue or do we now find ourselves likely to see the initial fears over the Brexit come back and spook investors holding the pound?

If you have a GBPAUD transfer to make this latest improvement is a much welcome gift that might not last. If you have a transfer to make in the future then understanding all of your options in advance is a good idea. As a currency specialist I am here to help with the planning and execution of any deals, for more information please email me Jonathan Watson on jmw@currencies.co.uk or please fill in the form below.

A quiet week for economic data however Australian Dollar exchange rates will no doubt remain volatile (Daniel Wright)

So this week we have very little out in terms of economic data for the market to feed off of, however do not let that fool you into thinking that we are going to have a flat market over the course of the week.

Last night we saw the U.S debates between Trump and Clinton and it appears that =Clinton came out on top which led to a little strength for the Australian Dollar due to riskier currencies coming back into fashion.

One of the key things to look out for, on top of commodity prices and general risk appetite is what we see happen in the U.S elections. Should Clinton remain out in the clear then we may see further Australian Dollar strength however you must be aware that if we do suddenly start to see Trump charge ahead then perceived ‘riskier’ currencies such as the Australian Dollar will be likely to weaken… As investors and speculators will be fairly likely to panic if Trump does start to look like he may win.

We have U.K growth figures out on Friday morning which will be the main driver for GBP/AUD exchange rates towards the end of this week but asides from that the key focus will be changes in commodity prices, news from China, U.S election and general risk appetite.

If you are looking to buy or sell Australian Dollars and you would like to achieve the very best rate of exchange for your transfers then it is well worth getting in contact with us directly. We can generally better any other brokerage out there and we like to think our customer service is much better too. Feel free to get in contact with me (Daniel Wright) by emailing me directly on djw@currencies.co.uk with a brief overview of what you need to do and I will be more than happy to contact you personally to discuss the options available to you.

UK Retail Figures give Pound a much needed Boost – Pound forecast (Daniel Charles Johnson)

GBP Forecast

The Pound has fallen substantially against most major currencies due to the Brexit vote. The majority of UK data has been poor and the pound has suffered as a result. The data that has come through has been predominantly  pre-brexit. July data is now coming through and I feel we will begin to see the true extent of the damage caused by a vote to leave the European Union. Going against the grain, UK retail sales figures came in better than expected for July and we saw GBP spike as a result. I would not put my hopes on the rally to continue however. I think this can be put down to an increase in tourism due to the low price of Sterling and the excellent whether in UK as of late. The Bank of England (BOE) has recently dropped interest rates and increased Quantitative Easing (QE) after poor Purchase Managers Index (PMI) figures. PMI is an indication of manufacturing in Britain and this coupled with poor Industrial output data caused the change in monetary policy.  Ian McCafferty a key member of the monetary policy committee (MPC) has said that should we see more poor UK data more monetary easing is a strong possibility.  I believe Sterling will drop further against the Australian Dollar, if you have an Aussie Dollar requirement it may be wise to move sooner rather than later.

If you have a currency requirement it is vital to be in touch with an seasoned broker. The timing of your trade is crucial during such volatile times,.If you have an veteran broker on board he or she can be your eyes and ears in the market and help you make an informed decision. If you would like me to assist with your trade I will be happy to help. Let me know  the currency pair you are trading, volume and time scale and I will provide a free individual trading strategy. I work for one of the top brokerages in the UK and as such I am in a position to beat nearly every competitors rate of ex. Here at Foreign Currency Direct PLC we are constantly up to speed with the data releases and events that move the currency markets enabling us to contact you at prime moments to maximise the return on your transfer. By choosing me as your would be looking at around a 3-4% saving in comparison to high street banks. Please do  to get in touch by contacting me at dcj@currencies.co.uk. Thank you for reading my blog. You can also fill in the contact form below and I will be in touch as soon as possible.

GBP/AUD drops heavily today, will this trend continue and drop below 2.00? (Joseph Wright)

After an almost one way trend for GBP/AUD exchange rates the steady upward trend for Sterling was well and truly halted today, as the pair fell by over 1.5% at one stage.

The low of the day was 2.0016 and I expect the markets to keep a very close eye on the 2.00 benchmark, as I expect it to act as a support for Sterling. Should that level be breached I wouldn’t be surprised to see GBP fall irrespective of voting patterns in the UK or interest rate talk from the RBA, and I think we could see GBPAUD levels trend back towards 1.95.

The recent rise for Sterling has been tied to the voting patterns by the British public regarding next months EU Referendum, and today it was those patterns that moved the market once again although this time it was in the opposite direction.

With the polls up until today suggesting a strong lead for the ‘Remain’ campaigns, GBP had been strengthening as this news was met well by the market with investors gaining confidence in the Pound as the UK’s future was looking more certain. Today threw a spanner in the works though as this afternoon the Guardian announced a recent telephone poll they carried out indicated that the ‘Leave’ campaigns are now leading, and this spooked markets.

I expect the sharp turns to continue in the lead up the Referendum on the 23rd of June. If you have an upcoming currency requirement involving both GBP and AUD, I think it’s worth your time getting in contact with me (Joseph) on jxw@currencies.co.uk in order to ensure you make a well informed decision on when to make that particular transfer, as well as benefiting from highly competitive exchange rates from one of the UK’s leading foreign currency brokerages. Just provide me with a basic outline of your currency requirement and I will be back in touch with you as soon as possible, and feel free to call me on 01494 787 478. 

Australian Dollar feeling the pinch as rates against Sterling sail through 2 and stay there (Daniel Wright)

As predicted in a post of mine towards the start of the month the Australian Dollar has had a rough ride lately and the Pound has come well and truly into fashion.

We have seen exchange rates cruise up and above the 2 level for those looking to buy Australian Dollars with Sterling and this is due to a number of factors:

It appears that the remain campaign are edging ahead in the latest referendum polls and this has led to a lot of uncertainty coming away from the Pound and because of this the Pound has started to gain back value.

Interest rates have recently been cut over in  Australia too, an interest rate cut is generally seen as negative for the currency concerned and a rate hike is seen as positive, so the recent cut for Australia has led to the Australian Dollar falling out of fashion and losing ground against most major currencies.

We are fairly quiet on the data front for the rest of the week but with this particular pairing being open to movement on global risk sentiment do not think that we will not see much in terms of market volatility.

If you have the need to buy or indeed sell Australian Dollars for your business, due to a property purchase/sale or for any other reason then it is important to have a proactive broker on your side and one that can get you the very top levels of exchange – It is very easy to settle for second best in this market but it is key to realise that even the slightest improvement in a rate of exchange can save you a huge sum of money.

If you would like to have a brief discussion with me (Daniel Wright) as to how I will be able to assist you with any pending currency exchange then feel free to email me directly on djw@currencies.co.uk  and I will be more than happy to get in touch with you personally. We can cater for people inside our outside of the U.K and carry out bank to bank transfers.

GBP/AUD back to pivotal point of 2.10 – Where may it head next? (Daniel Wright)

The GBP/AUD exchange rate is back hovering around the 2.10 mark after a much better week last week for anyone looking to buy Australian Dollars in the coming weeks and months.

Following a powerful charge by the Australian Dollar just over a week ago and a movement back down to 2.03 we have seen a solid fight back from the Pound and even hit a level of 2.12 late last night.

The Chinese concerns are one of the major factors impacting the strength of the Australian Dollar as Australia has such strong trade links with the country, and should the Chinese problems not resolve themselves quickly then we may well see further Australian Dollar weakness this week.

In my most recent report I commented that I feel China will be a huge talking point in early 2016 and that a lot is being swept under the carpet until the festive season is out of the way.

With this in mind I still feel we will see better buying levels against the Australian Dollar than we have now in the coming weeks. If I had Australian Dollars to sell then I would approach this with caution, we saw the Australian Dollar weaken by 10 cents in one day last time China hit the headlines and we saw ‘Black Monday’ this is a difference of over £4,300 per 200,000 exchanged into Pounds.

If you are looking to carry out an exchange involving Australian Dollars being converted to or from any major currency then feel free to email me (Daniel Wright) on djw@currencies.co.uk with a description of what you would like to do and I will be more than happy to call you to explain how I can make sure you maximise your exchange rate.

RBA meeting does not lead to Australian Dollar weakness – All quiet in China too tomorrow (Daniel Wright)

As mentioned in Tom’s previous post the RBA interest rate decision threw up no major surprises and interest rates were kept on hold, giving the Australian Dollar a little strength yesterday.

China has remained fairly quiet this week and that is set to continue as there is another national holiday there on Wednesday, and with very little Australian economic data out I expect it to be a fairly quiet start to the trading day.

Two points of note for anyone looking to buy Australian Dollars with Sterling, or to sell Sterling and buy Australian Dollars are the NIESR (National Institute of Social and Economic Research) GDP estimate and the Bank of England interest rate decision and meeting minutes. These are released on Wednesday afternoon and at Thursday lunchtime in the U.K and may have a large impact on the value of Sterling.

The NIESR will basically estimate U.K economic growth for the third quarter of 2015 and their estimates can be taken fairly seriously by the markets.

Secondly, the BOE may not be expected to raise interest rates in the U.K but the meeting minutes released at the same time may give an indication as to just how close this is to possibly happening. A hike in interest rates is usually positive for a currency and a cut negative and the markets move on expectation as well as fact so even the slightest hint of a change in when rates are due to be altered may lead to a volatitle afternoon for Sterling.

This is only the second time the BOE have released the minutes straight after the decision, usually they have us waiting for two weeks afterwards to see what was actually discussed.

If you are looking to exchange Sterling into Australian Dollars or you have Australian Dollars you wish to exchange into Pounds then it will be well worth you getting in touch with me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to contact you personally.

We have helped thousands of people that have got in touch through this site get a better exchange rate than their bank or current choice of currency broker along with helping them try and time booking their rate to perfection.

I look forward to speaking with you soon.

 

Australian Dollar continues to gain as Chinese data is slightly better than expectations (Daniel Wright)

During the course of trading this morning the Australian Dollar has managed to start a fight back against major currencies in a week where it has performed fairly well.

I still personally believe that this is only a minor period of strength for the AUD in a situation where the Chinese economy is weighing heavily on the Australian economy and slowly leading to data from Australia being particularly poor.

A number of industries over in Australia appear to be feeling the pinch and for those waiting to see AUD rates get a huge amount better against other currencies, you may be in for a fairly long wait.

Australia performed extremely well throughout the global debt crisis and the AUD gained an outstanding amount of strength, I remember GBP/AUD rates being well over 2.5 (0.40) for a period of time just before 2008, so if the Australian economy still continues to drop off then there is a lot further for rates to drop off before they get any better.

Personally I don’t feel we will go anywhere near as high as that but a jump back up to 2.20+ (0.4545) is certainly not out of the question in the coming weeks.

If you are looking to buy or sell Australian Dollars in the coming days, weeks or months and you want to achieve the best rate of exchange, along with assistance in timing your transfer then it is well worth getting in touch with me directly. We can achieve better rates of exchange than all major brokers based in Australia and overseas and we really go that extra mile to try and help you make the right decision at the right time.

Feel free to contact me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to help you personally with any transaction you may have.

Sterling – Australian Dollar heads towards 2.20 again (Daniel Wright)

The Australian Dollar can be greatly affected by global attitude to risk and as you can see with all that is going on around the world at present, the AUD is being sold off as investors seek to stay away from perceived ‘riskier’ currencies such as the Australian Dollar, New Zealand Dollar and South African Rand.

We have seen GBP/AUD exchange rates break through the 2.20 barrier on  couple of occasions of late but only for a very short period of time. With this in mind if I had Australian Dollars to buy I would personally place a limit order in at 2.20. A limit order is where you can set a target rate and should that buying level become achievable, even for a matter of seconds then your currency will be bought out automatically for you. The order can be cancelled or amended at any time as long as it has not been filled and there are no extra costs to use this handy market tool.

This is something that we offer here and we can achieve much better rates of exchange than very well known Australian Currency brokers so if you feel that this may be a good option for you then feel free to contact me directly by emailing djw@currencies.co.uk and I will be more than happy to set you up.

Later this week we have Non Farm Payroll data out from the States and this can have a huge effect on all major currencies, as it essentially shows the number of people in non agricultural employment over in the U.S and is a great barometer as to how the global economy is performing.

If you need to buy or indeed sell Australian Dollars in the coming days, weeks or months then it is well worth contacting me directly. As mentioned we can generally better any rate of exchange out there along with helping you to try and time buying your currency correctly. Feel free to email me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to get in touch with you personally.

Increase in Australian Unemployment weakens AUD – Big day for those following GBP exchange rates today

The Australian Dollar weakened a little in trading today following unemployment figures being released at 6.3% – A little higher than expectations of 6.1%.

I am still firmly of the belief the the Australian Dollar is in for a tough second half of 2015 and lets be honest the performance in the first half hasn’t been much better than Australia’s performance in the ashes in two of the tests.

Today is bound to be a busy day for those with an eye on AUD/GBP exchange rates as the Bank of England release their interest rate decision, meeting minutes and inflation report.

This could be a strong day for the Pound so if you are looking to buy Australian Dollars then an opportunity may arise for you.

If you have a currency exchange to carry out involving the Australian Dollar then it may be well worth you getting in touch with me personally, the company all of the writers of this site work for has won many awards for exchange rates and we generally find we can beat any other company out there, along with providing a friendly and efficient service.

Feel free to contact me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to discuss the options we can offer you on securing your rate, and provide you with a comparative quote to see if you really are getting the most for your money.