This afternoon Sterling has traded at significantly reduced (Average 0.5%) levels against most major currencies. However, sellers of Antipodean currencies (AUD NZD ZAR) have not seen this same reduction.
Tomrrow sees Consumer Inflation Expectation (the expectations of future inflation during the next 12 months). Should the figure be unkind to AUD, we may be trading back in the 1.56 region as we were last week. It is my opinion that the coming months will see further currency weakening by the Australian Government, and consequently AUD sellers would be wise to consider their positions.
If you have a currency requirement be it buying or selling, please feel free to get in touch [email protected] . You can also contact me on 01494 787 478.