GBPAUD – calm before the storm?

Increase in Risk Appetite Helps Support the Australian Dollar

GBPAUD rates have stayed relatively steady today which is a plus as concerns last week saw a very volatile trading week. This week eyes are really on the end of the week with economic data from the UK expected to continued miss expectations helping people selling AUD get a better price. UK data continues to be poor as a result of Septembers uncertainty around the Scottish vote. It could be argued that next month’s data will look brilliant in comparison to these recent releases so the Pound may push up.  Eyes will also be on China and the US over the next 24 hours as they lead the way for economic information.  Within the next 12 hours China GDP figures are expected to show a fall probably weakening AUD strength making it cheaper to buy. Anyone looking at selling this week may be wary as a result.

Here we help people with information and factual lead information so you can make an educated decision on transfers that we are planning. If you would like more personal information with relation to your situation feel free to get in contact directly with myself or one of the other authors. My email address is [email protected]

Look forward to hearing from you.

Steve