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