Australian dollar selling opportunity

Jonathan Watson

 I believe we are currently looking at a very good time to sell Australian dollars for sterling since rates have come back nicely from the worst rates seen last week. As it is the end of the month  traders are consolidating their positions and taking profits hence the small losses for anyone buying Aussies.

Next week we have the Bank of England meeting and other events which may move the market and the market would probably appear to still favour the pound and euro against the Aussie. I think therefore if you have AUD to sell moving sooner is the best course of action.

Once we have a commitment a client is looking to get a transaction arranged we analyse and forecast the market with a view to maximising their exchange rate. We offer same day international payments and have won awards for our exchange rates.

If you would like to learn more please contact me Jonathan on 01494 787 478 or call jmw@currencies.co.uk