Small Window of Opportunity for AUD Sellers (Daniel Johnson)

Increase in Risk Appetite Helps Support the Australian Dollar

With Interest rates kept on hold in Australia, we have seen AUD strengthen significantly over Sterling. Gone are the days of 2.20 for AUD buyers, I did tell a vast number of clients to move when we were above 2.18, but many chose to hang on to the out of reach 2.25 +. Procrastination can prove costly.

GBP/AUD currently sits in the 2.09s, I do however think we will see Sterling rebound. There is a real problem with property inflation and it soon may become unsustainable. This is also coupled with slowing growth in China’s, which I personally think is a lot worse than they are letting on.

If you are an AUD seller I would be looking to move ASAP to take advantage of current market conditions. AUD buyers short to medium term I think 2.14-2.15 is a realistic bench mark to move.

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.