A quiet week of movement for GBP/AUD exchange rates – important speech today to look out for (Daniel Wright)

AUDGBP Continues to Rise, But How Long For?

With the markets still poised and waiting on any movements of a deal with Greece and minimal economic data we have seen very little movement in the rates this week.

Later on today we have Governor of the Bank of England speaking at the ‘inclusive capitalism’ conference and i’m sure investors and speculators alike will be looking for any hints as to how he plans to deal with the economy in the coming weeks and months.

We have recently broken through and now stayed above the key resistance level of 2 (as predicted on this site a number of times this year) and I feel that there is now every chance we may see rates push on to the next level in the coming weeks.

I don’t expect a huge movement however a level of 2.10 would not be totally out of the question in the next month or so.

If you have currency to exchange in the coming days, weeks or months and you would like to get an award winning rate of exchange for it then it may be prudent to contact me directly. I have had thousands of clients contact me that already use well known brokerages in the U.K and Australia that have found to save money through using us. The company all of the writers on this site work for turns over half a billion Pounds of currency per year and we would be happy to add you to that. Email me (Daniel Wright) for a free, no obligation quote on djw@currencies.co.uk and I will be more than happy to contact you personally.