GBPAUD exchange rate forecast Buying Australian Dollars Transferring AUD Moving Currency AUDGBP GBP to AUD Australian Dollar Forecast
The GBPAUD exchange rate has dropped again today and has been trading between 1.5974-1.5861 during the session. This has represented little movement for the currency pair which typically trades in a wider range. Hopes are still that Greece will be able to sort out its policies and adhere to teh austerity measures put in place by the EU Bailout Fund. Spain announced today that investors were showing caution as government bond yields increased creating fears that Spain may also come into financial difficulties. Both teh Australian Dollar and New Zealand Dollar have both lost about 5% against Sterling this month on the increasing problems surrounding Greece. The next push for the AUD may come in the form of Chinese news and any positive announcements could see the Australian Dollar strengthen but to me this seems at least for the moment unlikely.
Australian Home Sales came in better than expected which showed an improving housing sector which gave the AUD a small burst following the news. Later this evening we see the releases of Australian Construction data and Retail Sales so keep your eyes on the currency markets to see how these data releases may affect you exchange rate to buy or sell Australian Dollars. For further information about this report or how to save money when transferring currency please do not hesitate to contact me directly Tom Holian [email protected] quoting ‘ADF’ in the subject title.