Will we see interest rate cuts from the RBA? GBP/AUD forecast

AUD GBP Higher as Reopening Hopes Continue

As most followers of this blog will be aware, and certainly anyone with an interest in GBP/AUD, the pound has suffered at the hands of the Australian Dollar since the start of the year. Should you have an upcoming position to buy AUD I would certainly suggest you take stock and consider your options, likewise anyone selling Aussie dollars you could struggle to see a more favourable time to exchange. Indeed levels against sterling are close to the record highs of 1.4549 in February 2012 – should you be selling a word of caution, by May 2012 rates were back to 1.60, a reversal of 9% in 3 months.

I am not suggesting the market will rebound this dramataically but I for one feel the Reserve Bank of Australia will continue with its stance on interest rates and I would expect interest rate cuts throughout the year. I feel short term (1-2 months) those buying AUD with the pound will continue to be disappointed but I can see a correction towards 1.52/53 on the AUD in Q2.

Should you find this website useful and you are one of the many thousands looking at moving money in the coming weeks and months then please contact me on 01494 787478 or by emailing [email protected]

As a specialist foreign exchange broker we have a number of different contracts to help private and corporate clients alike. To find out more and to see what savings can be made when compared to the high street banks and other institutions then please email [email protected] with a brief description of your transfer and I will gladly be of assistance.