Sterling Australian Dollar hits 2 again (Tom Holian)

AUDGBP Bounces as Australia Deals with Floods

Sterling AUD exchange rates got very close to a 6 year high overnight with the mid-market level hitting 2.01 in the early morning trading session.

Comments from RBA governor Glenn Stevens pushed the prices down during today but with a huge amount of employment data if the news down-under is negative this could see GBPAUD rates through the resistance barrier of 2 or 50pence for each Australian Dollar.

The market has tested this level of resistance a number of times recently and it appears as though the currency is just waiting for some news to push the rates in an upwards direction.

Chinese Retail Sales are out tomorrow morning as well and this could provide the necessary impetus.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]