Sterling hit 1.50 against the Australian Dollar as predicted recently in my previous posts but personally I believe this will be short lived. Stress tests that took place in the US downgraded 4 banks which meant a movement away from riskier assets including the Australian Dollar. Sterling NZD also moved up by over 1% during today’s trading session as the market looks to settle over the next two days. GBPAUD is currently the best its been since the turn of the year.
If you are in Australia and need to make a currency transfer soon then let me know and I can inform you of how to protect yourself against movements whilst you’re tucked up in bed including Stop Loss and Limit Order which have been extremely popular and meant that some have been filled at 1.50.
For any further questions feel free to email me Tom Holian [email protected]