The RBA have decided to keep interest rates on hold this week which did cause some Aussie strength. We have however see GBP gain ground since then and GBP/AUD currently sits at 2.1520.
Tonight will see RBA Governor’s Glenn Stevens speech, I predict he will dampen worries on the Australian economy and we could see some AUD strength. The speech is then followed by the RBA Monetary Policy Statement which will give an indication as to monetary policy moving forward. Again I think this could cause some AUD strength when the try to quash rumours of a weak Australian economy.
There are currently consistent GBP-AUD trades going through which potentially I can tag new clients on to and achieve a very attractive rate. Please do get in touch if this is something of interest. I will guarantee to beat any bank or brokerage’s exchange rates.
Thank you for reading today’s Blog, I really appreciate any feedback you may have and would take pleasure in replying to you personally. I am more than happy to assist you with your currency requirement. Feel free to e-mail me on [email protected] or call 01494 787 478 and ask for Daniel Johnson.