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 [email protected] or call on 01494 787 478 and ask for Daniel Johnson.