Sterling Australian Dollar Rate Spikes As Concerns Of a Chinese Slowdown Continue

Australian Dollar Forecast – Unemployment Weighs on Sentiment

Those looking to buy Australian Dollars will be pleased to see rates have taken a turn for the better in the past few days.

This is mainly down to concerns that5 China is indeed slowing down which could effect the main high performer in Australia and may lead to further AUD weakness in the coming weeks and months.

By no means do I expect to see us back trading at two AUD to the Pound but a small increase is a possibility for sure.

We also saw New Zealand GDP (Gross Domestic Product) figures come out fairly poorly overnight which has led to the Pound gaining against the NZD today too.

If you have an upcoming transfer involving either buying or selling the AUD or NZD then please do feel free to contact me directly by filling in the form on the right hand side of this page or emailing me directly djw@currencies.co.uk