Sterling Aussie Still Sea-Sawing In Early 1.80’s – US GDP The One To Watch This Week (Colm Gilhooly)

Australian Dollar Strength as Travel Corridor with New Zealand Opens

In a short week for the UK and with little data of note out either here or Down Under, I would expect sterling Aussie rates to remain fairly range-bound.  However there could be a shift in confidence globally on the back of US GDP revisions on Thursday, so anyone looking to buy or sell Aussie may want to keep a close eye on events Stateside.  Personally I think sterling will struggle to make major gains until the Bank of England hint towards earlier interest rate rises than currently expected mid-2015.  To this end I would probably look to use stop loss and limit orders to maximise any significant movements whilst waiting for the next major trend to emerge.  If you would like to make a currency transfer and want to find out how to beat the banks, then feel free to email me, Colm, at [email protected] and I would be happy to explain how our services work to get you the best exchange rate.