Will the Aussie weaken again?

Australian Dollar Forecast Set for Bleak End to 2020

The Aussie was weakened once again by Chinese data earlier this week, all eyes are now of course firmly on the referendum for Scotland to see just how that will pan out. I expect we could see some strong moves on the markets of up to 1 or 2 cents higher if the vote is NO, 5-6 cents lower if it YES. These factors on GBPAUD should really be considered, there is a large risk of the YES vote being discounted.

If you need to move any funds abroad this referendum is presenting a great opportunity. To learn more about the forecast and discuss strategies please contact me Jonathan directly on jmw@currencies.co.uk for expert information on how to buy and sell Aussie dollars at the best prices.