GBPAUD falls on RBA news – what next for the Aussie?

Increase in Risk Appetite Helps Support the Australian Dollar

The RBA kept rates on hold earlier this week prompting a spike in the value of the Australian dollar. The Australian economy is expected to need further interest cuts so this should perhaps be viewed as a spike to take advantage of. If you need to buy or sell Australian dollars speaking to a specialist currency brokerage is the best way to ensure that you get not only the very best exchange rate but also don’t suffer at the hands of unexpected movements.

We cannot tell you exactly what to do but can help you to make an informed decision based on everything that is happening in the marketplace. If you have any questions over just how this would all work please contact me Jonathan on jmw@currencies.co.uk