Tag Archives: rates

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 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.

 

 

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.

Australian Dollar exchange rates hinge on unemployment figures due out on Thursday – Will we see Australian Dollar strength? (Daniel Wright)

Australian unemployment figures are due to come out on Thursday and expectations are that we may see the continuing trend of a fairly robust economy with the unemployment figure predicted to be at 5.8%.

Should this come out as expected or even slightly better then we may see the Australian Dollar make some further gains against most majors but any rise in unemployment may knock Australian Dollar exchange rates back a little.

The Australian economy has had a few knocks over the past few years but still seems to be hanging on in there, and earlier predictions of large Chinese problems appear to have been swept under the carpet for the time being.

I am still of the opinion that the Australian Dollar will have a period where it does have a tough time, however the issue is that as it stands it is seen as one of the best of a bad bunch, with interest rates still fairly favourable we may not see that change too imminently.

One larger factor that may be a trigger for a drop off could be further rate hikes in the U.S, should we see the interest rate in the States start to catch up the interest rate in Australia then you may see a large unwinding of carry trades, as investors would rather have their funds sat in USD than AUD due to its perceived safer nature.

Carry trading is where an investor borrows money in a low interest rate and shifts it to a currency with a higher interest rate, making a return on the difference.

If you are looking to buy or sell Australian Dollars against any major currency in the near future and you want to maximise your rate of exchange then it is well worth you getting in contact with us here personally. You can email me (Daniel Wright) on djw@currencies.co.uk with a brief description of what you are looking to do and I will be more than happy to contact you personally.

 

Sterling Australian Dollar exchange rates due for a volatile day today? Supreme Court decision due out today! (Daniel Wright)

The long awaited Supreme Court hearing decision in the U.K is due out later this morning, which many expect  to cause a fair amount of market volatility, not only for the Pound but for global markets as a whole.

Since this all started in December, the markets have been watching and waiting for any hint as to which way that the decision may go, as it will have a great impact on the Pound and where it heads next due to the influence it may have on a ‘hard’ or ‘soft’ brexit.

Should the Supreme Court overturn the high court decision and say that Theresa May and the Government are good to proceed with moving forward on article 50 (starting the process of brexit officially) then there is the chance that Sterling may drop off a little, but also to show another argument it may lead to Sterling strength as we will finally have a little certainty as to where the U.K heads with all of this.

The expectation is for the decision to confirm that they are upholding the High Courts initial decision and that May will have to put the decision through Parliament. If this is the case then more uncertainty may give the Pound a little drop off but what we hear afterwards could push it back up as I would be surprised if we do not hear a lot of the MP’s asking for a softer approach to brexit which may leave access to the single market.

All in all this could be a very busy day for Sterling/Australian Dollar exchange rates so you need to make sure you are watching the markets at all times, or that you take advantage of limit orders. If your current broker or bank has not made you aware of this handy tool then this is something that we offer. A limit order is where you can set a particular rate trigger in the market that you would like to achieve,  and should it become available any time 24 hours a day 7 days a week then your rate will be bought out automatically for you. There is no cost to place this order and it can be cancelled or amended at anytime with a quick phone call to us.

If this seems of interest or you would like to make an enquiry about our award winning service and exchange rates anyway then it will be well worth you contact me personally. You can email me (Daniel Wright) on djw@currencies.co.uk with a description of your needs and I will call you personally to discuss the options available to you and to explain how it all works.

Will GBP/AUD breach 1.70 soon? Sterling back in fashion? (Daniel Wright)

We deal with a lot of clients moving money to and from Australia and many that have had to move money into Australian Dollars have had a tough time of things since the referendum in the U.K.

Recently we have seen the pound start to stage a fight back following the victory for Donald Trump and the riskier currencies starting to take a slight turn for the worse.

On top of this, economic data in the U.K has not exactly been anywhere near as bad as the main economists had thought that we may see and the chance of article 50 and the start of official ‘brexit’ negotiations may well be being pushed back.

We do not have a great deal of economic data out for the rest of the week for Australian Dollar followers, however, with Thanksgiving day on Thursday trading levels will be thinner on the ground so this can lead to volatile swings in the market.

Going back to the title of this post I personally feel that we may see GBP/AUD move back above the 1.70 mark in the near term as the tide appears to be turning in favour of Sterling.

If you are in the position that you may need to buy or sell Australian Dollars in the coming days, weeks or months then it is well worth you getting in contact with me directly, I have been getting clients much better rates than well known Australian based online platforms and can save you money over the banks and other brokers. We typically help clients with exchanges over 20,000 Australian Dollars and try and help both with the timing of the transfer along with getting you market leading rates when you do decide to book your currency.

Feel free to contact me (Daniel Wright) if you are in this position and require my assistance. You can email me directly on djw@currencies.co.uk and i will be more than happy to get in touch personally.

Australian inflation figures due out overnight – GBP/AUD still hanging around at 1.60 (Daniel Wright)

The Australian Dollar remains fairly steady once again today, hanging around the pivotal point of 1.60 (0.6250) against the Pound and waiting for something to give it the nudge it needs to push on either way.

Later today we have Mark Carney (Governor of the Bank of England) speaking to a committee regarding the implications of the referendum vote in the U.K on the economy going forward, so be aware that if you are looking to buy Australian Dollars with Sterling or to exchange Australian Dollars back into Sterling then it is well worth keeping an eye on exchange rates late afternoon U.K time. Even the slightest hint at a change in fiscal policy may lead to sharp movements for the Pound, if you would like me to keep you up to date should any big movements occur then feel free to email me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to help you.

Overnight in the U.K or early morning in Australia we also have Australian inflation figures out. There are no expectations for any huge surprises from these figures however I would be aware that should inflation figures differ to expectations then the Australian Dollar may move quickly. Personally I feel that Mark Carney speaking this afternoon has a higher chance of causing market volatility but then and again regular readers will know that surprises always pop up in this market.

If you are in the position where you need to buy Australian Dollars or you have a large sum of Australian Dollars to bring back into Pounds then I am extremely well position to help you. Having been assisting clients in your position for 10 years I have help transact billions of Australian Dollars for private individuals over the years and I would be more than happy to assist you too.

Feel free to get in touch with me (Daniel Wright) on email by contacting djw@currencies.co.uk and I will ensure I get in touch with you personally. You can also call our trading floor on +44 (0) 1494 725353 and ask for Daniel Wright.

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.

Australian Dollar holds at pivotal point of 1.70 (Daniel Wright)

The Australian Dollar has had another fairly solid week against the Pound, and as I write this the GBP/AUD exchange rate remains stable.

We have not had a huge amount of economic data for either Australia or the U.K this week and looking at next weeks economic calender we may have a similar situation next week.

This is where market sentiment and attitude to risk can come into play which can sometimes make the market a little unpredictable. I have helped lots of clients bring back Australian Dollars recently as rates have hit multi year highs.

The Australian Dollar is notably strong as it stands due to a better yield from interest rates which the RBA as struggling to work out how best to play. House prices in Australia are going through the roof which is stopping the ability of the RBA to go too big on cutting interest rates as this will make money cheaper to borrow and merely fuel the fire of the housing price problem.

I personally feel that the issue with Chinese stocks and banks has far from gone away so there is room for Australian Dollar weakness at any time that we need to be aware of.

If you have Australian Dollars to buy or sell then it is well worth having an experienced broker on your side. I have been helping clients for 10 years and the company I work for has been in operation for 17. We have access to extremely competitive exchange rates and pride ourselves on keeping clients fully up to date with market movements. If you would like me to assist you with any pending transfer then feel free to contact me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to contact you personally.

 

GBP/AUD exchange rates remain steady but Federal Reserve statement tonight may change that (Daniel Wright)

We have seen the GBP/AUD exchange rate remain fairly steady so far this week, with rates remaining around the 1.92 (0.52) levels.

The market is generally poised and =awaiting any news on the EU referendum in the U.K but we have another notable data release due out later today which may impact all major global currencies.

Over in the U.S we have the Federal Reserve Interest rate decision and monetary policy statement. There is a chance that we may see an interest rate hike but I would put that at a slim one, the main talking point will be what is mentioned in the monetary policy statement following the decision which will give us an insight as to what the next move for the States may be.

The reason that this impacts the Australian Dollar so much is because it impacts global attitude to risk and with the Australian Dollar being perceived as a ‘riskier currency’ it can lead to quite a lot of volatility should it look like we may see global attitude to risk change.

Regarding the referendum we are seeing the campaign to leave the EU gather quite a large amount of momentum which could lead to Sterling dropping off considerably for a short period as we see uncertainty hanging over the U.K and the Pound.

We here at Australian Dollar Forecast we all work for one of the largest currency brokerages in the U.K with access to exceedingly competitive and rarely beaten rates of exchange, along with awards for our customer service.

If you feel that we may be beneficial to you then feel free to get in touch with me (Daniel Wright) the creator of this site many years ago and I will be more than happy to help you personally. We deal with bank to bank transfers ranging from £1000 to multi-million pound exchanges and will be able to explain all of the options to you in clear and easy to understand terms. Email me today ondjw@currencies.co.uk with a description of what you need to do and a contact number and I will contact you at the earliest opportunity. You can also call our trading floor hotline during trading hours on 01494 787 478.