GBPAUD Rates still above 1.90 (Tom Holian)

Australian Dollar Forecast Set for Bleak End to 2020

Sterling has had a great run against the Australian Dollar towards the end of this year and we could see an even better start as we enter 2015.

Three major banks have all called for an interest rate cut in order to help weaken the Australian Dollar as Chinese demand for Australian resources has dwindled recently so a rate cut could help to make the AUD more competitive again.

The RBA have recently suggested that they want a weaker AUD and the technique known as jawboning often helps without actually cutting interest rates. Therefore, the AUD could weaken owing to the rhetoric used rather than any intervention with monetary policy.

UK productivity has increased recently and with the UK’s GDP showing growth of 3% the British economy appears in good shape.

If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk