GBPAUD rates have fallen once more recently, this as the market takes out the expectation that the RBA was going to cut interest rates at the beginning of the week. Regular readers will be well aware of this news from the last few posts. Yesterday (Wednesday) we saw sterling’s rates climb once more on the news that a larger corporate deal was going to take place in the oil industry as Shell buys a smaller player for billions. This news means that the UK government will have an increased taxable revenue and as you can imagine pushed Sterling value up against a number of currencies.
Next on the horizon is UK data this morning which is expected to show a small fall meaning Sterling weakness is expected this morning. Tomorrow is UK GDP figures in the morning in the UK which will probably turn markets around once more as a better figure is expected when compared to last months figure. As a result within the next 36 hours we will have a better price for buyers and for sellers highlighting how important speaking to a specialist is when moving money internationally.
For a full break-down and to learn how to take full advantage please get in contact – email myself, Steve Eakins with your contact details for a personal response – [email protected]
Look forward to hearing from you.