Interest Rate Decision could cause further AUD woes (Daniel Johnson)

AUDGBP Tests 0.5600 Once More as BoE Cuts QE

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.