Tag Archives: Tom Holian

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.

 

Australian Dollar strengthens against the Pound after US Jobs Report (Tom Holian)

US unemployment data showed the best levels since 2001 and this had led to a strengthening of all commodity based currencies including the Australian Dollar.

After hitting as high as 1.71 just over a week ago the Pound has started to fall against the Australian Dollar which has now started its own fightback.

There have been rumours circulating that the Bank of England may be gearing up to increase interest rates at next month’s meeting but in my opinion this would be far too early.

UK inflation is currently at 2.9% so there is an argument for raising rates but with average earnings not keeping up at just 2.1% then an interest rate hike could cause real problems for UK economic growth.

I say this because if an interest rate hike does take place this will increase costs for mortgages and rent which in effect which reduce the consumer’s ability to spend which is a large part of the British economy.

Therefore, I expect going into next week that we’ll see further losses for the Pound against the Australian Dollar next 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.

How will US Non-Farm Payroll data impact Sterling vs the Australian Dollar? (Tom Holian)

The Pound has started to struggle recently against the Australian Dollar during the course of the week after British politics has begun to make the headlines in recent times.

The Conservative party conference did not go well with Theresa May being affected by a persistent cough, letters falling off the wall behind her and a comedian presenting her with a fake P45 claiming to have been signed by Foreign Secretary Boris Johnson.

After GBPAUD exchange rates hitting as high as 1.71 recently and breaking through 1.70 a number of times towards the end of last month the Pound has started to fall against all major currencies including vs the Australian Dollar falling back into the 1.67 level earlier today.

Later today we could see a huge movement for the Australian Dollar as we have the release of US Non-Farm Payroll data due out at 130pm this afternoon.

Owing to the recent Hurricanes Harvey and Irma the figures could be drastically different and as this is such a difficult figure to predict accurately then any change is likely to cause big movement on the currency markets and any change in global appetite to risk and therefore often has an impact of the value of 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 I can.

Will the Pound continue to rise against the Australian Dollar? (Tom Holian)

We have seen the Pound consistently challenge levels of 1.70-1.71 in the last fortnight with the Pound clearly finding support vs the Australian Dollar.

The UK economic data announced during September was generally speaking very positive and this has been reflected in GBPAUD exchange rates.

UK inflation has hit a 5 year high recently and this has caused the Bank of England to consider raising interest rates sooner than the market previously had expected.

Typically if inflation rises then a central bank will hike rates in order to control the problem.

However, with UK average earnings falling behind inflation then in my opinion I think an interest rate hike could cause a problem for economic growth in the future.

The Reserve Bank of Australia are due to meet on Tuesday to announce their latest interest rate decision and at the moment I think the RBA will keep rates on hold but each meeting for the last few months has caused a lot of movement for GBPAUD 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.

Pound makes gains vs the Australian Dollar on interest rate hike rumours (Tom Holian)

The Pound has made some solid gains during the last fortnight vs the Australian Dollar creating some better opportunities to buy Australian Dollars with Pounds.

The Pound has gained owing to the suggestion that the Bank of England are making plans for a potential interest rate hike in November. It is not just against the Australian Dollar but also against a whole host of other major currencies in Sterling’s favour.

We have broken through 1.70 on the Interbank level on a number of occasions and it appears as though there is a level of support just underneath this trading level.

The next potential catalyst for GBPAUD exchange rate movement is likely to come on Tuesday when the Reserve Bank of Australia meets to announce their latest monetary policy.

I don’t think we’ll see any movement in interest rates next week in Australia but with the US likely to raise rates before the end of the year as well as the UK potentially doing something in a few weeks there is a chance that we’ll see an interest rate hike in Australia next year.

In the meantime I expect to see the Pound continue to challenge the current 1.71 range and possibly break through as we go into next month.

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.

Pound falls against the Australian Dollar after Theresa May’s speech (Tom Holian)

The Pound has fallen from its recent highs vs the Australian Dollar after Theresa May’s speech in Florence on Friday afternoon did little to help the Pound.

There were no real surprises in the speech but it has led to more questions surrounding the issue of Brexit and what it means for the long term future of the UK.

Clearly the Pound has felt the negative effects caused by the uncertainty as to how our relationship with the rest of Europe will look in the future and as yet we are no closer to some form of resolution.

Therefore, this is why we saw the Pound fall below 1.70 against the Australian Dollar.

As we go into next week however we could potentially see the Pound make a fight back vs the Australian Dollar.

The latest set of UK Inflation Report Hearings are due on Tuesday morning and with inflation haven risen to a 5 year high recently this has put pressure on the Bank of England to consider raising interest rates sooner than the markets may expect.

The recent inflation rates caused the Pound to make gains vs the Australian Dollar earlier this month so this is why I think we could see the Pound making a recovery against the Aussie Dollar by the middle of 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 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.

Pound hits best level against the Australian Dollar since July (Tom Holian)

The Pound has hit its best rate to buy Australian Dollars since early July after the Bank of England voting 7-2 in favour of keeping interest rates on hold this month.

Clearly there is a sustained appetite for raising interest rates in the UK and with inflation rising as shown on Tuesday the typical decision to combat rising inflation is to increase interest rates.

Bank of England governor Mark Carney has now suggested an interest rate hike may be coming but did not say when. He went on to claim that with UK economic growth better than expected combined with record low levels of unemployment the UK could be facing an interest rate hike sooner than the markets currently expect.

We saw huge jumps for GBPAUD exchange rates towards the end of last week following Thursday’s meeting and I think we could see further gains into the early part of next week.

Theresa May is also set to address the markets next Friday when she visits Florence to set out her goals for a post-Brexit Britain and about the UK ‘leaving the EU but not leaving Europe.’

Therefore, we could see a huge amount of volatility next Friday so if you’re concerned about a lot of movement and just want to get something arranged prior to this date then contact me directly for a free quote.

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.

Sterling rallies against the Australian Dollar after UK Inflation Data (Tom Holian)

The Pound made some surprise gains vs the Australian Dollar during today’s trading session with the announcement of the latest UK inflation data.

The latest measure showed an increase to 2.9% and this could put a small amount of pressure on the Bank of England when they meet to discuss their latest monetary policy on Thursday.

The chances of an interest rate hike as far as I’m concerned is a long way from happening and rumours are that we won’t see a rate hike until 2019. However, if inflation continues to rise in the UK then this could see a rate hike being brought forward.

Tomorrow morning UK unemployment figures come out followed by Average Earnings. With the disparity between average earnings and inflation this could potentially cause today’s gains to be eroded.

Therefore, if you’re in the process of making a currency purchase involving Australian Dollars then make sure you keep a close eye out on the UK’s economic data in the morning.

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.

What will happen to the Pound vs the Australian Dollar? (Tom Holian)

The Pound has made some small gains vs the Australian Dollar towards the end of the week creating some good short term opportunities for anyone looking to buy Australian Dollars with Pounds.

As we go into next week however things could be very different on Tuesday morning when the UK announces its latest set of inflation data.

Expectations are for a rate of 2.8% for August so anything different is likely to cause a lot of volatility for the GBPAUD exchange rate.

The UK economy has been suffering with rising inflation and at the moment the Bank of England appears to be stuck as to what to do with interest rates.

The most recent rumours are that the central bank will not change interest rates until 2019 which has caused problems for the UK and therefore Sterling.

The Brexit talks continue to also weigh heavily on Sterling exchange rates and as yet there has been no clear direction as to how the talks will go.

At the moment the Tories and Labour party are split as to how to take things forward so if we cannot agree between ourselves it will be difficult to see how things can progress with Europe.

Therefore, I think the Pound will continue to struggle against the Australian Dollar going forward.

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.