Australia are heavily dependent on China, so much so if China catches a cold so does Australia. China’s Stock sell off coupled with poor growth data does not bode well for Aussie. There is the possibility of a rate drop on Tuesday which could give AUD buyers an opportunity to buy at a new six yr high.
I will have several large GBP/AUD deals going through on Tuesday which potentially I can tag other clients on to and achieve a very competitive rate.
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 on [email protected] or call on 01494 787 478 and ask for Daniel Johnson.