GBPAUD – using a broker – Brief currency summary

Over the course of the last week the Australian dollar has done well against Sterling, the AUDGBP rate currently sits at 0.5651.

GBPAUD rates of exchange have remained fairly flat as we come to the end of the quite period in economic data. This being the end of the month when data is light. Next week with the start opf September this cycle starts again and with it opportunities for buyers and sellers of the AUD.  A majority of the data is released at the end of the week but with data also due from China and the US at the beginning it looks like we have a busy week ahead of us.

On top of that watch out for end of month movement when investors globally re-set their investment levels which normally impacts demand and therefore costs of currency.

Here we offer a pro-active service helping clients move money with an educated decision. Plus with award winning exchange rates you can be sure that you can see a saving using the service on offer otherwise we would simply not be in business.

For more information feel free to contact myself STEVE EAKINS via hse@currencies.co.uk.

happy trading and have a good weekend.