GBPAUD weekly forecast – Sellers beware

AUD to GBP Rate: Australian Dollar Lower Against the Pound Despite Better-Than-Expected Employment Numbers

GBPAUD rates started the month down early last week. A majority of the movement has been put down to the speculation building around FED tapering and a slowdown in cheap money coming onto the market. GBPAUD rates are under 1.80 and many expect these to be the best prices available for AUD sellers in the near future. This week there is a number of economic reports due for the UK, a majority of which are expected to show an improvement compared to those in March. As a result On Thursday morning will see the release of AUD Unemployment Rates, which is expected to rise and could therefore weaken the AUD. GBPAUD buyers as a result may get better prices towards the middle of this week.

To get a better break down on the forecast this week and longer term feel free to contact me directly – STEVE EAKINS – at hse@currencies.co.uk or by calling 0044(0)1494 787 478