AUD Predictions. (Daniel Johnson)

AUDGBP: Australian Dollar Weakens in Worst COVID-19 Day Yet

Despite recent AUD strength, the slowing Chinese economic growth profile does not bode well for AUD. The slow in growth could well ensure continued commodity price declines and significant CNY depreciation could prove particularly negative for AUD.

It is not unrealistic to think there may be a rate drop before the end of the year especially with the added risk of house price inflation.The next interest rate decision is 6.10.15 at 3.30am, so keep your eyes peeled for any adjustment.

I do have several large GBP-AUD trades going through in the coming days that potentially I could tag new clients on to and achieve a very competitive rate. Please do get in touch if this is something of interest. I will guarantee to beat any bank or brokerage’s exchange rates.

I am currently offering a free rate alert service, just drop a line or e-mail with your currency requirements including your time scale and the levels you are hoping to obtain and I will notify you of  any significant movement.

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 dcj@currencies.co.uk or call on 01494 787 478 and ask for Daniel Johnson.