Tag Archives: sterling

Sterling – Australian Dollar exchange rates drop following poor U.K retail sales (Daniel Wright)

The Pound dropped and edged closer to 2.10 in trading this morning following worse than expected U.K retail sales figures.

Expectations of a figure around 0.3% for due were swiftly crushed as the level came in at -0.2%.

Over the course of the morning the Pound has now dropped against all majors, seeing a movement of over 0.5% against the Austrlian Dollar. (This means a purchase of AUD 300,000 would cost over £800 than it would have done earlier this morning.

This once again shows why it is key to have a proactive and efficient currency broker on your side if you have a pending transaction like this to carry out. Not only would we have made you aware of this data release due to be coming out but we would also inform you of the various options that we have available to protect yourself from such market movements… Or if you are selling Australian Dollars to buy Pounds we can help you take advantage of these sharp market movements, without the need to be available 24 hours a day.

If you have an upcoming currency exchange involving either buying or selling the Australian Dollar then it is key that you have someone like me on your side as it can make a huge difference to the amount of money you end up with.

Feel free to contact me (Daniel Wright) directly on djw@currencies.co.uk and I will be more than happy to get in touch personally.

6 year high for buying Australian Dollars (Tom Holian)

Sterling vs Australian Dollar exchange rates have this week hit fresh 6 year highs as the uncertainty surrounding Greece continues.

Global investors have recently sold off riskier and commodity based currencies such as the AUD, NZD & ZAR over the last few weeks as the global economy awaits the impact of the Greek deadline due on Tuesday when they have to repay the IMF EUR1.6bn.

The amount is not the real problem but the issue is that the Greeks are being asked to increase spending cuts and change their pensions.

The Syriza party who came in a few months ago were billed as an anti-austerity party but they appear to be running out of time in order to get the debt repaid.

There is a Eurozone meeting taking place today with various finance ministers and this could see even more increases for Sterling vs the Aussie Dollar if the talks do not reach a positive conclusion.

Growth in Australia has slowed recently to 2.3% and investment by companies has been falling recently.

This weak data is likely to start putting pressure on the RBA to cut interest rates but with the Sydney & Melbourne property boom almost out of control any rate cuts could send property prices even higher resulting in a boom/bust effect.

All this uncertainty is likely to push GBPAUD rates higher next week.

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 

 

 

 

Australian Dollar positive on Chinese Data (Tom Holian

Sterling vs Australian Dollar exchange rates have fallen marginally after some positive news from China.

The world’s second largest economy has reported better than expected capital flows and economic stabilization and have also suggested that a cap on commercial lending could be removed.

As Australia’s biggest trading partner anything that happens in China has a positive effect on the AUD vs GBP which is the reason for the mild strengthening this morning.

However, whilst the Greek uncertainty continues this is discouraging global investors from holding riskier currencies including the AUD, NZD & ZAR.

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

 

 

Buying Australian Dollars? Is now the time? (Tom Holian)

Sterling Australian Dollar have finally made a sustained break through past the resistance levels of 2 or 50p against the Australian Dollar.

It has taken a few weeks but for most of last week GBPAUD has remained 2+ creating excellent buying opportunities for those looking to buy Australian Dollars with Sterling.

There have been signs that another interest rate cut in Australia may happen before the end of the year as business has slowed down.

One of the sticking points for the RBA and a change in monetary policy is that any rate cut could have big consequences on the Sydney & Melbourne property market which has risen significantly in the last few years.

With the ongoing uncertainty surrounding the Greek debt issue global investors have moved funds away from riskier currencies including the AUD, NZD & ZAR which are all affected by the falls in commodity prices as well.

It is likely that until the Greek issue is sorted, if that ever happens, that we could see the Australian Dollar strengthen back against the Pound but I think that could take some time.

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

 

 

 

GBPAUD at 6 year high!!! So what can we expect next?

GBPAUD has finally done what many clients have been waiting months and years for. GBPAUD has finally risen above the magic number of 1 GBP for 2 AUD’s presenting the best time in 6 years to buy Australian dollars. The question rightly now is will this continue and what can we expect next on this exchange rates pairing? All in all I expect the rate to remain very favourable but there is easily a danger we could dip below this important level of resistance. If you need to buy Australian dollars it would be a real shame to miss out on these exceptional improvements, I strongly suggest making some plans immediately to try to capitalise on the situation.

If you need to sell Australian the future is not bright and you might want to make some plans to exit the currency and look at other more stable options like sterling. The housing market in Australia is booming but if you are selling over there and coming back to the UK you could potentially lose out from a poor exchange rate. For more information on the currency forecast and how to plan and execute your exchange rate please speak to me Jonathan Watson on jmw@currencies.co.uk. I cannot tell you exactly what to do but I am confident I can offer useful insight and information to help you get the best deals.

Sterling Aussie Rates remain above 2 (Tom Holian)

Sterling Australian Dollar exchange rates have hit their best levels in 6 years as predicted recently.

If you’ve been reading my previous articles I have been saying for a while now that I expect Sterling AUD rates to hit 2 and break through as soon as there is enough data to support the break through and push past resistance levels.

With the Reserve Bank of New Zealand surprising the markets with a rate cut earlier this week this could lead to the RBA doing something soon themselves.

Whilst fears surrounding the Greek debt continue this is also seeing riskier currencies being sold off including the AUD, NZD & ZAR.

As the three currencies are also heavily influenced by commodity prices and global demand which has slowed this is another reason for the recent weakness.

The RBA minutes are due on Tuesday and any suggestion of a rate cut round the corner could push Sterling even higher vs 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

 

 

 

GBPAUD at 6 year high!

GBPAUD has risen dramatically in the last two weeks but fallen almost as quickly as it rose! Just what do we think will happen in the future? I expect the rates might move a bit further in your favour but it would be a real shame to miss out on these unbelievable levels! I was helping clients move to Australia years ago at rates some 40 cents worse than where they are now!

This is of course not the best news for anyone selling Australian dollars but this makes it all the more more important for anyone involved in an Australian dollar transfer to make plans. To be kept up to date with the latest news and events please contact me Jonathan on jmw@currencies.co.uk for more information.

Save money on International Payments (Tom Holian)

If you’re a newcomer to this site or have been a long term reader then thank you for visiting and we hope that you’ve found the site both useful and informative.

The information we provide is an honest account of what we think is causing the exchange rates to move as they do and what we may expect to happen next.

It is clear that GBPAUD exchange rates are trying to trade and stay above 2 but they are struggling to make a sustained breach so the RBA interest rate decision due out shortly is likely to have an effect on the rates.

With the Greek issue dominating events across Europe any signs that the Greeks may default on their next payment due on Friday could result in Sterling strength against the Australian Dollar which could give the rates that extra nudge to trade above 2.

If you are making an international payment and would like to compare what you may be able to achieve then feel free to contact me directly for a free quote and see how much you could save against your bank. Tom Holian teh@currencies.co.uk

Sterling Australian Dollar hits 2 (Tom Holian)

Sterling vs Australian Dollar exchange rates have juts hit 2 this morning as the falling price of various commodities has started to harm business investment down under.

According to the Australia Bureau of Statistics showed a fall of 4.4% for the quarter and 5.3% year on year. Indeed, this was the biggest quarterly fall since September 2009 which has caused the Australian Dollar to weaken so much.

However, in order for GBPAUD exchange rates to break 2 and stay above we’ll need to see another big piece of data to allow this to happen owing to the psychological barrier in place.

The Reserve Bank of Australia meet to discuss interest rates and any suggestions of any rate cut looming could see exchange rates improve for GBPAUD.

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 testing resistance levels (Tom Holian)

Sterling vs Australian Dollar exchange rates have ended the week on a high trading above 1.98 before falling back into the 1.97 territory as Sterling struggles to push past resistance levels.

Sterling has had a good week against the AUD as it was announced earlier this week that Eurozone QE will be ramped up for the next couple of months.

This means that investors are less inclined to move money into riskier currencies which has seen AUD, NZD & ZAR weakness vs Sterling.

Data releases will be few and far between next week as the month draws to a close. However, on Tuesday there is quite a lot of US data due out which can often impact on Sterling Australian Dollar exchange rates.

My personal suspicion is that we’ll see a small amount of upside for Sterling but owing to the current levels just short of 2 on the mid-market level I don’t think we’ll see further gains as there is not enough data due out to give it the lift it needs.

Therefore, 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