Good selling AUD opportunity Wednesday 21st January

A Good Start to the Week for AUDGBP

I believe tomorrow will be a very good opportunity to sell the AUD for the pound since there is the Bank of England meeting Minutes which I think could cause some market movement. Principally this will be because there is an expectation that the UK were to raise interest rates in 2014. With that expectation now being pushed back into 2016, I think sterling will suffer further and would therefore recommend that anyone who needs to sell AUD trade on the spikes in their favour.

Longer term I would expect the Aussie to come under some serious selling pressures as the RBA have stated on numerous occasions they feel the AUD is overvalued.  If you need to make any currency transfers in the future please contact us as we can save you money! Not just by offering a better price than your current provider but also by pointing out spikes in your favour.

For more information please contact me Jonathan on jmw@currencies.co.uk