Tag Archives: GBP/AUD forecast
GBP/AUD rates continue to float just below 1.80 on the exchange, with the AUD finding support around the current levels. Many investors will now be hoping to achieve 1.80 as a trade level and with key economic data releases this week, I believe we will see fluctuation on the currency pair. The key date will be the release of Wednesday’s Bank of England (BoE) minutes and monetary policy decisions. These minutes give us a key insight into the BoE’s most recent meeting and will divulge whether any of its members voted for a change in interest rates or monetary injections. Any indication that a rate hike could be on the cards is likely to give the Pound a boost and this would almost certainly push GBP/AUD exchange rates through 1.80. We also have CPI data for Australia out overnight on Wednesday and any deviation from the expected results is likely to cause additional market volatility.
The AUD has struggled to make any sustained gains against GBP over the past few weeks, although with China’s economy showing signs of improvement an increased demand for Australia’s raw materials is likely to help the AUD’s cause in the longer-term.
If you have an upcoming currency requirement and would like to be kept up to date with the latest market movements, or simply wish to compare our rates with your current provider, then please feel free to contact me directly at firstname.lastname@example.org.
GBP/AUD rates spiked up during Friday morning’s trading and at time of were putting pressure back on 1.80, which seems to be a level the AUD has found support around. The AUD had made gains earlier this week following positive economic data from China and it seemed as though a move back towards 1.75 could be on the cards. However, yesterday’s UK unemployment figures came in much better than expected and halted the AUD in its tracks, before a decisive move back up to the current levels.
With the Reserve Bank of Australia (RBA) still keen to see the AUD weaken off further to help boost exports, it could be argued that the AUD could fall further against the major currencies in the short-term. However, if the demand in China starts to increase for Australia’s raw materials and their economic data continues to improve, it may be that the AUD will find further market support.
If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our rates to your current provider, then please feel free to contact me directly at email@example.com. Alternatively, you can call one of our experienced brokers on 0044 1494 787 478.
GBP/AUD rates have dipped below 1.80 for the first time in a number of weeks, providing AUD sellers with some much needed respite after the recent four year lows. The AUD has been hampered for some time following the RBA’s decision to cut interest rates with the hope it would drive the AUD’s value down and in turn boost their flagging export industry. Whilst the AUD has weakened considerably against GBP, a slowdown in China’s demand for their raw materials has caused further market concerns over the direction of the Australian economy, with unemployment rising and growth forecasts weak in the short to medium-term.
The RBA have tried to alleviate some of the market concerns by announcing that there would be no further rate cuts and with the UK’s economic data showing mixed signals over the past few weeks, has helped push GBP/AUD rates down to the current levels.
I still believe the current levels offer some excellent buying opportunities, especially when you consider it was only 18 months ago that rates were down around 1.45 on the exchange.
Anyone with a GBP/AUD currency requirement should keep a close eye on the release of tomorrow’s UK Retails Sales and Friday’s GDP figures., both of which are likely to be key market movers.
If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our exchange rates with your current provider, then please feel free to contact me directly at firstname.lastname@example.org.
Current rates for selling AUD for GBP are the best in 2014 and should not be easily dismissed in the hope of much better rates down the line. This is because the general forecast is GBP strength as the UK are looking to raise interest next year whereas Australia are still possibly going to cut interest rates. Whilst more recently they have changed their rate outlook to neutral indicating no immediate moves, the expectation is for more rate cuts down under in the future.
If you need to sell Australian dollars an awareness of the current forecast is key to help you to get the best deals. If you have any transactions to consider why not make us aware? We are currency specialists who can not only assist in better prices and exchange rates than the banks and other sources (like currency brokers) but also provide expertise in the physical transfer process. Understanding exactly how the mechanics of international money transfers work will help you to properly manage any exchange rate volatility.
Whilst the current rate for selling AUD for GBP is not the best in recent it is a big improvement on the rates available this year. And more importantly if you look at the longer term historical view when rates were close to 2.5 AUD per 1 GBP, we are clearly at much improved levels. As the UK comes to the end of its low interest rates period the pound should return to more normal levels against the AUD. Picking the right moment is as always key so to discuss further please contact me directly on email@example.com
GBP/AUD rates slipped below 1.84 on the exchange during Thursday’s trading, before a slight realignment. The AUD has made inroads against Sterling recently, moving away from the four year low. Despite this positive move I do not anticipate GBP/AUD rates falling below 1.80 unless there is a major shift in market sentiment, as the RBA are still keen to see the AUD lose further market value, with the hope that this will boost their flagging export industry.
Australian employment figures were released overnight and came in much better than expected, which gave the AUD a lift. However, it wasn’t all good news as data showed the price of Copper, which is often used as a benchmark as to future fortunes in China, had fallen to a four year low. This is likely to have a negative impact on the AUD, so today’s spike may not last for long.
If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly at firstname.lastname@example.org.