Tag Archives: sterling

Will GBPAUD rise above 2 for a sustained period?

GBPAUD appears to be on the rise once again but everytime we have hit or are close to hitting 1 GBP = 2 AUD something happens to knock down the price and find rates falling. I think if you need to buy AUD holding on too long expecting rates to just hit this level could be misplaced. The RBA (Reserve Bank Australia) have indicated that they will not be cutting rates further at this stage although much further down the line this may well happen.

If you need to buy or sell AUD in this current market making some careful plans now is the best way to avoid the losses that you could incur if you find rate have moved against you. If there is anything you wish to discuss relating to an exchange in the future please contact me Jonathan on jmw@currencies.co.uk

Sterling Australian Dollar rate heading up to 2 again – Can it break down the levels of resistance? (Daniel Wright)

Sterling has had another positive day against the Australian Dollar today and indeed against all major currencies as the Pound seems to have found itself well and truly back in fashion.

The European talks continue to hold the main headlines which is seemingly leading to investors and speculators pulling funds out of the Euro and shifting them into Sterling as one of the major currencies of choice at present.

U.K economic data has been fairly positive since the start of the year and the Australian economy still appears to be feeling the pressure so I would not be surprised to see a further move north, potentially above 2 as a buying price which from speaking to my clients over the pas few years does seem to be a level that a lot of people are looking to achieve.

If you are also in this position then this rate may be just around the corner so it would be extremely sensible to get in contact with me here so that I can monitor the market for you and make you aware should this level become achievable. You can also place an order into the market for the funds to be bought out automatically for you which eliminates the risk of you missing out on a spike overnight.

If you have the need to buy or sell Australian Dollars and you want to achieve the most for your money then feel free to contact me (Daniel Wright) directly. I can be contacted on email djw@currencies.co.uk and if you write a brief description of your requirement along with a contact number I will call you back personally.

GBPAUD nearly at 2!

GBPAUD continues to offer extremely good value as investors fears over lower commodity prices and potential further cuts in the Australian Interest rate keep the AUD on the back foot. will we see 2 anytime soon? Well it will take a big reversal of fortunes but does seem probable looking at the current state of play on the market.

It would seem highly reasonable to expect improvements but anyone buying Aussies should beware of the General Election later in the year which could cause sterling to plummet. To keep up to date with the latest news and forecasts please contact me Jonathan on jmw@currencies.co.uk

Sterling rallies against the Australian Dollar (Tom Holian)

Sterling has hit recent 6 year highs against the Australian Dollar following the surprise interest rate cut made by the Reserve Bank of Australia.

The general consensus was for a rate cut to happen but not just yet which saw the market move by as much as 2% on the day of the announcement.

With iron ore prices having fallen again over the last few days this has also weakened the Australian Dollar creating some excellent buying opportunities to transfer Sterling into the AUD.

Tomorrow morning Australian Retail Sales data is due with the expectation for 0.4% growth month on month so anything different could create volatility.

Friday is likely to be the biggest day for GBPAUD exchange rates the week with the release of the Reserve Bank of Australia’s monetary policy statement which will detail the reason for the rate cut earlier this week.

If you have a currency transfer to make and want to save money on exchange rates then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

 

Sterling vs Australian Dollar highest since September 2009 (Tom Holian)

Sterling saw huge gains against the Australian Dollar as the Reserve Bank of Australia surprised markets by cutting the base rate from 2.5% to 2.25%.

In an unexpected move we saw movement of almost 5 cents from the high to low during the trading session earlier as investors sold off the Australian Dollar.

This is the lowest interest rate in Australian history and as with the Bank of Canada who cut rates recently I think this was partly based on commodity prices falling.

Indeed, the price of iron ore has fallen in recent times and as China has such huge demand for the resource a fall in prices is not good for the Australian economy.

On Thursday we see the release of Australian Retail Sales data and if this is lower we could see further AUD weakness against Sterling.

If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

 

Australian Dollar Weakness (Tom Holian)

Sterling vs the Australian Dollar took a huge leap during the course of late trading today as rumours came out from Europe that the European Central Bank may print up to EUR1.1 trillion in an attempt to combat falling inflation.

The bad news for the Australian Dollar means that investors are being less risky and selling off their positions in riskier currencies which includes the AUD, NZD & ZAR.

Indeed, we saw a 2 cent movement for the Pound vs AUD during this afternoon.

The official release will by the ECB will be at 1245pm tomorrow UK time so expect volatility in both the run up to the decision as well as afterwards.

Canada also cut their interest rates today which again led to rumours that the Reserve Bank of Australia might follow suit when they next meet on 3rd February.

If the RBA does cut rates or hints that a rate cut is coming expect to see Australian Dollar weakness.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

 

Low UK Inflation Data sees Sterling fall against the Australian Dollar (Tom Holian)

UK inflation data has this morning come out a lot lower than expected with a figure of just 0.5% compared to the consensus of 0.7%.

This has seen Sterling fall across the board this morning and against the AUD Sterling has fallen by a cent from the high to low which is good news for Australian Dollar sellers.

The UK inflation rate is now its lowest on record which has been helped by falling fuel prices so personally I am not too surprised to see the headline figure of inflation fall as much as it has today.

The impact this has on exchange rates is that if inflation is low then the Bank of England are much less likely to increase interest rates and for me I think it is unlikely that we’ll see a rate rise during 2015.

Indeed, there are now almost 100 UK mortgages that can be fixed for 10 years compared to a handful over the last few years signalling that UK interest rates will stay the same for a long period of time.

If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

 

Strong US Data see GBPAUD Exchange Rates Fall (Tom Holian)

Sterling vs Australian Dollar exchange rates have fallen over the last fortnight following a few positive data releases from Australia.

Earlier in the week Australian Trade Balance data came out a lot better than expected and iron ores prices also saw a rise.

With China a big influence on the Australian economy the increase in iron ore prices is good news for the economy as this means more money is spent in Australia on natural resources.

Also, earlier today the US economy showed an decrease in unemployment from 5.8% to 5.6% which is a good sign for the Australian economy as it means global investors are once again, at least in the short term, placing money in riskier currencies including the Australian Dollar and New Zealand Dollar.

Chinese inflation went up from 1.4% to 1.5% which is good news for China and also good news for Australia.

Therefore, over the last fortnight we have seen GBPAUD rates fall by as much as 3% which is great news for those looking to exchange Australian Dollars into Sterling.

If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

Sterling Australian Dollar Rates (Tom Holian)

Sterling vs Australian Dollar was trading either side of 1.90 during Friday’s trading session as the Asian stock market remained strong in the light of poor Chinese manufacturing activity released in the last few days.

Asia and in particular China is a big factor in the strength or weakness of the Australian Dollar so the news from the stock market allowed the AUD to gain marginally against the Pound on Friday.

However, I still believe that we’ll see Sterling gain against the Australian Dollar during the course of January as Sterling could benefit from the Eurozone intervening with monetary policy on January 22nd.

Indeed, in Australia there is a great deal of pressure being put on the RBA to cut interest rates which is likely to weaken the AUD against Sterling.

Mining investment peaked in mid 2012 and has seen a decline ever since and over the next 12 months the RBA expects mining to be a big drag on GDP growth. Therefore, this is why I expect Sterling to rise against the Australian Dollar.

If you have a currency transfer to make and want to save money  on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk

 

 

2015 what will happen to the Australian Dollar? (Tom Holian)

As we enter a new year I would first like to say a huge thank you to all of our regular readers and I hope you have found the site both useful and informative.

As we look at what is happening in Australia at the moment it is clear that things aren’t as good as they were perhaps 2 years ago when GBPAUD rates were as low as 1.50. Indeed, with Chinese growth having slowed during 2013 and 2014 this has seen GBPAUD rates climb up to as high as 1.92 in recent weeks.

Over the last few days China’s manufacturing activity shrank for the first time in seven months in December.

In November, the country’s central bank unexpectedly cut interest rates to 2.75% for first time since 2012 in an attempt to revive the economy. This helped push GBPAUD rates higher and I think this most recent data could see Sterling have a very positive start to the year.

If the RBA looks to cut interest rates in an attempt to get the economy going this could ultimately lead to a weaker Australian Dollar and push the market towards 1.95 over the next few weeks.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk