There is little economic data of consequence being released down under this week. The only point at which I expect to see possible volatility is tomorrow at 9.05am. Governor of the Reserve Bank of Australia Glenn Stevens will be making a speech and he will address the current stae of the Australian economy and the value of AUD. I expect a strong stance from Mr Stephens considering the recent Spike in AUD, so we could expect further improvement for AUD.
GBP/AUD bouyancy levels are currently between 2.10-2.13, I think current market conditions should not be taken for granted for AUD sellers. I think this will only be a small window of opportunity due to larger underlying problems with the Australian economy.
I would be more than happy to assist with any of you currency requirements personally. I am in a position where I can guarantee to beat any competitors rate of exchange. Please do get in touch if this is of interest. I can be contacted on [email protected] or call me on 01494 787 478. Thank you for reading my blog, it is appreciated.