GBPAUD 24 hour forecast

AUD to GBP Rate Pauses at the 2020 Highs

The AUD rate of exchange has remained strong today on what has been a rather quiet day across the currency market.  Personally I expect this to be the calm before the storm as we have a host of data due within the next 24 hours. This includes key data from the UK, Australia and the US and all of which could and probably will have an impact on the cost of sending money internationally.  My personal view is that rates will get better for AUD buyers however there are no guarantees.

Data published within the next 24 hours includes:

EUR                        Speech by the head of the European Central Bank

AUD                       New motor Sales

GBP                       Consumer Price index

GBP                       Production Price Index

GBP                       Retail Price Index

USD                       Retail Price Index

NZD                       Consumer Price Index

We grade economic releases 1 to 3, 3 being the most powerful and 1 being the least on the price of currency. Each of the above are over 2 with some 3’s making this a key day for the remainder of the week.  Potentially GBPAUD rates could hit the top of the range expected for the next 14 days.

If you would like more information on the markets, their forecasts, priceses and potentiall strategy please feel free to get in contact with the author STEVE EAKINS via [email protected]