GBPAUD rates fall – AUD sellers get an opportunity – BOE Interest rate change

AUDGBP Continues to Rise, But How Long For?

GBPAUD rates have fallen significantly this week as Australian data continues to improve and UK data falls. The largest fall was seen yesterday when levels dropped by several cents as the Bank Of England’s comments changed forecasts of when the UK interest rates may change. This is now firmly into 2015 which in turn makes the Pound less attractive to investors pushing its value down. All this gives anyone with AUDGBP trades a GREAT OPPORTUNITY to save a lot of money. The next week rates will continue to change and give opportunities however levels currently give you an opportunity to move on a SPIKE. This is when levels move quickly to price in new information, profits are then taken out of the market creating a spring back. Basically the best levels we see are at the high point of the SPIKE. If you would take advantage now but don’t have funds available we can still help with option contract options. Plus if this is of interest for a future trade don’t forget about our SPIKE NOTIFICATION service – register for this via email to hse@currencies.co.uk with your contact details and situation. This is a service when you are notified of SPIKES in your favour which can significantly improve levels for your trade. For more information on the week ahead data, forecasts, strategy options, contract options or simply a live price contact the author STEVE EAKINS via email at hse@currencies.co.uk