GBPAUD nearly touching 1.50…

Australian Dollar Looking for Buyers at Key Support Level Versus the Pound

The current decline in GBPAUD which we have been expecting is pretty much now upon us. With positive data from China and a very weak pound there is not too much to be hopeful for, for anyone selling the pound and buying Australian Dollars.

Anyone interested in GBPAUD who is holding out for 1.60 could be waiting a very long time and may soon need to get used to a rate in the 1.48-1.49 level!

This week there is much sterling data, you can read my post on www.poundsterlingforecast.com for an assessment of why the pound could really struggle this week. We could therefore see rates on GBPAUD become much worse for AUD buyers, much better for AUD sellers.

Don’t miss out! If you are considering a currency exchange and would like to learn when is a good time to trade and how we can provide an exchange rate much better than the banks please feel free to make contact with me Jonathan directly on (+44) 01494 787 478 or email jmw@currencies.co.uk. We welcome questions from any clients based in Australia and are confident we can get you a better deal!

I look forward to hearing from you.