Tag Archives: GBPAUD rates

Will Australian Unemployment data send GBPAUD rates towards 1.80? (Tom Holian)

We are in for a big end to the week for anyone looking to transfer Australian Dollars as tomorrow brings with it a number of economic data releases down under.

We start tomorrow with the latest Unemployment figures for January as well as the Participation Rate which rose last month showing a small slowdown in Australia and this has weakened the AUD vs GBP following last month’s announcement.

I expect another slightly negative release for Australia overnight and I think this could provide the Pound with some support vs the Australian Dollar sending GBPAUD exchange rates in an upwards direction.

The Australian Dollar has remained under a lot of pressure against Sterling since the start of the year as the Australian economy has shown signs of a slowdown with the RBA unsure about what to do with monetary policy.

Inflation levels are very different from the west to the east coast and so a change in interest rates will not necessarily be of benefit to the whole country which is why the RBA are likely to keep interest rates on hold.

Meanwhile, the UK have hinted that the next interest rate hike may be coming in May and this is why I think we could see GBPAUD rates heading towards 1.80 before the end of the month. We end the week with RBA Governor Philip Lowe addressing the market so make sure you’re prepared to move quickly.

If you’re in the process of looking to transfer Australian Dollars and would like to save money compared to using your own bank then contact me directly for a free quote.

Having worked for one of the UK’s leading currency brokers for 15 years I am confident not only with being able to offer you better exchange rates but also help you with the timing of your trade.

For further information or a free quote email me directly and I look forward to hearing from you.

Tom Holian teh@currencies.co.uk 

The Pound rallies against commodity based currencies and increases in value against the Australian Dollar (Tom Holian)

The Pound has seen some big gains vs the Australian Dollar on Friday afternoon following the announcement that US inflation data came out lower than expected.

We have seen all the commodity based currencies weaken against the Pound and this is good news for anyone looking to buy Australian Dollars with Sterling.

We also saw lower than expected Chinese Import data and as China is the largest trading partner with Australia this has caused the Aussie Dollar to weaken against the Pound.

The reason why US inflation data is so important to the foreign exchange market is that as the US is the world’s leading economy any slowdown in inflation could mean less appetite for an interest rate hike in the US but more importantly this could show a bit of a global slowdown.

If you combine US inflation with lower than expected US Retail Sales this also has had a negative effect for commodity based currencies.

Therefore, the demand for currencies affected by the value of their raw materials and commodities have weakened. Indeed, the rate to buy Australian Dollars has hit 1.74 which is the highest rate since mid December.

The ongoing uncertainty of how the Brexit talks will go are likely to keep the Pound under so personally I think this positive movement could be relatively short lived so if you’re thinking of buying Australian Dollars it may be worth taking advantage of these current levels.

If you have a currency transfer to make and would like a free quote compared to using your own bank or simply want to compare rates to buy or sell Australian Dollars against your current foreign exchange provider then feel free to get in touch for a free quote. Having worked for one of the UK’s leading currency brokers since 2003 I am confident of being able to help save you money on exchange rates.

Email me directly and I look forward to hearing from you.

Tom Holian teh@currencies.co.uk

Aussie Dollar continues to strengthen as commodities soar, will this trend continue? (Joseph Wright)

The Pound to Australian Dollar exchange rate can at times be heavily linked with what’s happening outside of the UK and Australia, as strange as that seems.

Recently we have seen quite a dramatic move in favour of the AUD, which has coincided with the weakening of the US Dollar. Investors are becoming more apprehensive regarding holding funds in the US Dollar, as both political issues surrounding North Korea and weak inflation have damaged sentiment towards the US Dollar.

The US Fed plans to hike interest rates three times this year, but if this doesn’t actually happen which is a possibly as current Fed Chair Janet Yellen is expected to be replaced in February, I would expect to see the US Dollar weaken which is what we’re already seeing as fears over US inflation levels dropping are dampening hopes of the rates hikes.

Also, at times of US Dollar weakness the financial markets generally gain a greater level of risk appetite. With the Aussie Dollar being a commodity based currency and currently offering one of the highest returns in the developed world it’s not unusual to see AUD boosted.

If you wish to be notified if there is a major move for the GBP/AUD pair, do feel free to get in touch with us as working on a dealing floor allows us to react immediately in order to help our clients.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Pound vs Australian Dollar Forecast for 2018 (Tom Holian)

The Pound has had a fairly good year vs the Australian Dollar getting close to hitting 1.80 on a number of occasions towards the end of the year.

The commodity based currencies including the AUD, NZD and ZAR have all weakened generally during 2017 owing to the global slowdown.

Owing to the ongoing Brexit saga the Pound has had an indifferent year against both the Euro and the US Dollar but has sustained its strength against the Australian Dollar.

However, what has become apparent is that Australia could soon lag behind the interest rates set out by the US which could cause a lot of global investors to shy away from the Aussie Dollar next year giving the Pound some support.

The Australian Dollar is also heavily reliant on what happens in China and with the value of iron ore having moved a huge amount during the last few weeks both up and down this has caused a lot of volatility for GBPAUD exchange rates.

I think one of the biggest factors influencing GBPAUD rates is that of Brexit so 2018 could be the defining year as to whether we see the Pound getting back to its recent highs vs the Australian Dollar.

In the short term on Wednesday the latest Commodity Index is due for release which measures the values of commodity prices which is an important factor in the value of the Australian Dollar as they are such a large exporter as natural resources.

Therefore, if you’ve got a short term currency transfer to make then keep a close eye out on what happens early Wednesday morning.

If you have a currency requirement to make during 2018 and would like to save money when buying or selling Australian Dollars compared to using your own bank then contact me directly for a free quote.

Having worked for one of the UK’s leading currency brokers since 2003 I am confident of being able to save you money when making a currency transfer.

For further information or a free quote contact me directly Tom Holian teh@currencies.co.uk and I look forward to hearing from you.

Happy New Year and thanks for reading!

 

Pound to Aussie Dollar hovers around a 18-month highs, will the Pound hold on to its recent gains? (Joseph Wright)

The Pound has managed so far to hold onto its recent gains against the Aussie Dollar, despite stalls to Brexit negotiations hitting the headlines over the past week.

There has been hopes of a agreed Brexit bill announcement this week, which would likely push the Pound higher but the there sticking point of Northern Ireland’s terms and its border is proving to be a stumbling block at the moment.

The UK’s Prime Minister, Theresa May has come under pressure for her dealings with her EU counterparts this week after many had expected to see the Brexit bill agreed, only to be disappointed to discover the Northern Irish border issue throw a spanner in the works.

Once the Brexit bill has been agreed the path is cleared for Brexit trade negotiations to begin between the UK and the remaining EU members, which I expect to be a positive for the UK and therefore the Pound. I also think that should a transitional deal be agreed we can expect to see the Pound climb also.

On a negative note for the Pound, should there be further stalls regarding any deals I think the Pound could see a sharp sell-off across the board as the UK is running out of time to make progress at the negotiating table.

If you would like to be updated in the wake of a short term price change between the Pound and the Aussie Dollar, do feel free to register your interest with me.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

 

Will the Pound improve against the Australian Dollar next week? (Tom Holian)

As predicted in my previous articles the Pound has shaken off the problems against the Australian Dollar following last week’s interest rate decision which saw the GBPAUD exchange rate move in a downwards direction.

The UK economy has proved once again that it is resilient even though politically we are facing the challenge of the ongoing Brexit uncertainty.

GBPAUD exchange rates are once again moving in the right direction breaking through 1.72 on a couple of occasions already this week.

The Brexit talks appear to be moving in the right direction with Theresa May and Michel Barnier both suggesting that behind the scenes progress is being made.

The real issue surrounding Brexit is what the divorce bill will cost and when it will be paid which is one of the sticking points of the discussions.

We have a very eventful week ahead with the release of a number of different economic data due over the next few days.

UK Inflation is due out on Tuesday and this has been a big factor in the recent decision by the Bank of England to raise interest rates earlier this month. Therefore, this could also cause a lot of volatility for GBPAUD exchange rates.

Also, next week is the release of UK unemployment data and with the jobs data performing very well during 2017 I think we could see GBPAUD rates improve by the middle of next week which could provide a good opportunity to look at buying Australian Dollars with Pounds.

If you have a need to make a currency transfer in the coming days, weeks or months then feel free to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency compared to your bank or another currency broker.

Even a small improvement in the exchange rates can make a big difference so feel free to to email me with details of your requirement and you may find you could save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will respond to you as soon as I can.

Brexit talks dominate Sterling vs Australian Dollar exchange rates (Tom Holian)

The Pound vs the Australian Dollar has had a very volatile week so far with GBPAUD rates moving by as much as 3 cents from the high to low.

The movements have been caused by the uncertainty surrounding the Brexit discussions but have overnight moved in a positive direction briefly touching 1.70 before falling again.

The European Union has started to prepare a plan for its post-Brexit negotiations with the UK but at the same time refusing to discuss any details with the UK.

Nothing has been agreed but rumours are that the EU will be open to the UK in order to encourage a deal which is a positive sign for the UK and this is why we saw the Pound make gains vs the Australian Dollar yesterday evening providing some better opportunities to buy Australian Dollars with Pounds.

So far there has been insufficient progress with the talks but in the draft paper EU Chief Negotiator Michel Barnier wants to cover the key topics of EU citizens in the UK, peace in Northern Ireland and the so called ‘divorce bill.’

Later on this afternoon there is a huge amount of data coming from the US with the release of both Retail Sales as well as Inflation figures and this could cause further volatility on GBPAUD exchange rates to end the week.

If you have a currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency.

A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will endeavour to get back to you as I can.

 

Bad news for the Pound pushes it lower, are trade levels in the early 1.60’s on the horizon again? (Joseph Wright)

Despite some negative data being released down under in the early hours this morning, the Pound has still dropped against AUD throughout the day’s trading.

The worst Retail Sales figures in 4 and a half years were published this morning, as it turns out that Australian consumers are beginning to cut back on items such as food, clothing and furniture.

The reading for July was also revised down from the previous reading, meaning that the two drops in sales figures are the biggest back to back drop since 2010.

Despite this this disappointing data release the Pound has still fallen against the Aussie Dollar, whereas the majority of other major currency pairs have risen against the Aussie.

Sentiment surrounding the Pound took a knock today as ratings agency, Standard & Poors questioned whether the UK could withstand an interest rate rise, and it emerged that car sales in the UK are continuing to drop.

There has also been a lot of talk regarding UK Prime Minister, Theresa May’s calamitous speech to the Conservative party conference on Wednesday.

Odd’s are increasing on her resignation and although I don’t expect any changes at number 10, I think any talk surrounding this matter could result in a weaker Pound which could push the GBP/AUD pair down towards the 1.60 mark.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Could the Pound hit 1.70 against the Australian Dollar this week? (Tom Holian)

The Pound vs the Australian Dollar has been flirting with rates of just up to 1.70 before hitting resistance levels and falling. The Pound has made some strong and consistent gains vs the Australian Dollar especially during last week after a number of positive UK data releases.

UK Retail Sales are due for release in the morning and if the figures come out better than expected we could see GBPAUD exchange rates trending towards 1.70 during tomorrow’s trading session.

On Wednesday evening the US Federal Reserve are due to meet to announce their latest interest rate decision. The expectation is for no change but the accompanying rhetoric could cause GBPAUD rates to move depending on whether the Fed mention that another rate hike may be coming.

With Theresa May due to speak in Florence on Friday about her plans for Brexit we could see a lot of volatility and it is not clear how the markets may react.

Ultimately the Brexit issue is keeping GBPAUD exchange rates under a lot of pressure and until we get a clearer path as to how Britain’s future may look we could see a difficult time ahead for Sterling exchange rates.

If you have a currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency.

A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will endeavour to get back to you as soon as I can.

Will the RBA move interest rates next week? (Tom Holian)

The Pound vs the Australian Dollar has remained in a fairly tight range recently and I think tomorrow will be no exception as the US celebrates Labor Day.

However, things could start to move for GBPAUD exchange rates by Tuesday when the UK announces its latest Quarterly Inflation Report Hearings.

Prior to this comes the latest interest rate decision by the Reserve Bank of Australia and although I don’t see any change to interest rates I think any hints that we could see any form of rate hike coming could cause the Pound to weaken quickly against the Australian Dollar.

One factor that is keeping the Australian Dollar from falling below 1.60 recently has been the uncertainty surrounding the issue in North Korea.

However, I think the real over riding factor affecting the Pound vs the Australian Dollar continues to be the uncertainty and ambiguity surrounding Brexit.

The topic has already been discussed for many months and as yet we are no clearer as to what may happen going forward. Until the uncertainty has been removed I cannot see the Pound making any significant gains against the Australian Dollar.

If you have a currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency.

A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on teh@currencies.co.uk and I will endeavour to get back to you as soon as I can.