When to BUY or SELL Australian Dollars? Andrew Bromley

Australian Dollar to Pound Forecast: Risk Sensitive AUD Likely to Remain Under Pressure

The GBP AUD rates has consistently traded above 2.00 (interbank level) for the most sustained period in 7 years. There is a huge amount of speculation that further rate cuts are on the cards, given the shock cut this week in New Zealand.

I personally feel that low rates may push 1.98 again but with highs toward 2.02.

I’d be inclined to urge AUD sellers to take advantage if buying levels of 2.0 become available, with AUD buyers seeking our levels north of the 2.0 level…

If you have an exchange requirement, feel free to drop me a line to discuss. Either email me AJB@currencies.co.uk or call from 08:30 Monday AM on 01494 787 478 (please make sure to quote this blog!

Have a great weekend…

Andrew