GBP/AUD 6yr High! (Daniel Johnson)

Increase in Risk Appetite Helps Support the Australian Dollar

The RBA are committed to keeping  the AUD weak to keep the Chinese on board for raw materials. So I don’t have much hope for AUD sellers as growth figures for China are not looking good and I do not have a lot of faith in there credibility anyway. I do not expect any significant movement in the coming weeks, but buying at a 6yr high is not to be taken for granted. If I had a Sterling to AUD trade to make I would be getting it done, I would always vote for the safe bet over speculation. Over the years I have seen countless clients hang on trying to get that extra cent and then lose out when there is a sudden unpredictable trough. I have several large GBP/AUD trades going through in the coming days which potentially I can tag new clients on to and achieve a very competitive rate of exchange, don’t hesitate to get in touch.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me at dcj@currencies.co.uk or call on 01494 787 478 and ask for Daniel Johnson.